2024-09-30-莱坊-Bangkok_Office_Market_Q2_2024_8页_1mb

Bangkok's office market in Q2 2024 showed slight expansion with focus on quality, evolving to include flexibility, technology, and sustainability. Total supply increased to 6.16 million sq m, driven by new completions like Supalai Icon Sathorn, and future supply peaks in 2024-2028. Demand rebounded with net absorption of 18,400 sq m, though occupancies fell slightly due to supply outpacing demand. Grades A and B held steady or improved, while C declined; CBD remained strong, while non-CBD areas saw cooling. Flight to quality intensified with green buildings gaining importance amid economic recovery and low inflation, but rental rates and occupancies face ongoing pressure. Projections indicate continued challenges, with new developments like One Bangkok potentially boosting leasing in key areas.