2022 Office Market Looks More Positive as New Supply Spreads to 2023
Total office supply in Bangkok increased from 8.93 million sq.m. in Q2 2019 to 8.98 million sq.m. in Q3 2019, a 0.5% Q-o-Q increase. This was due to the completion of Mitrtown Office Tower which contributed 48,000 sq.m. to the total supply.
As of Q3 2019, a total of 1.05 million sq.m. of new office space was under construction and scheduled to be completed between Q3 2019 and 2023. The completion of this new space will bring the total amount of Bangkok office space to over 10 million sq.m. by the end of 2023.