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Bangkok Office Rents Continue to Rise

By on Mar 17, 2015 in Office, Property News
Bangkok Office Market View Q4 2014
Read the full report – Bangkok Office Market View Q4 2014.
Due to the more stable political situation at present, tenants have proceeded with their expansion plans. The limited amount of space available in the most sought-after locations next to mass transit stations means that rents are likely to continue rising.

There is very limited choice especially in Grade A buildings, which means that tenants need to plan ahead or they will not be able to secure premises that best match their requirements.

The total office supply in Bangkok increased to 8.3 million square metres, a 0.6% increase Q-o-Q and a 2.6% increase Y-o-Y.

The overall vacancy rate was 9.3% in Q4 2014, dropping by 0.2 percentage points Y-o-Y.

Grade A CBD rents rose by 3.7% Y-O-Y.
Only 400,000 square metres are under construction and due for completion between 2015 – 2017.
Office supply will continue to be tight in the next few years, especially for Grade A CBD offices.
Occupancy and rents continued to rise throughout the year.
Nora has been in the Corporate Communications arena for a number of years. Nora's role is to communicate all newsworthy items that are of a PR nature.

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