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Bangkok Office Market Q4 2021

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At the end of Q4 2021, the supply of office space in Bangkok continued to increase steadily to 9.186 million sq.m. from the launch of three new office building projects namely Vanissa Tower, The Kronos Sathorn and Ratchada One. Overall occupancy rates decreased slightly in Q4 2021.

 

Colliers Thailand found that Q4 2021 was an accurate depiction of what to expect in the future as supply outpaced demand causing asking rents and occupancy rates to decline. Colliers found that many tenants still wanted to renew their lease while reducing the size of their office. However, tenants without representation had a difficult time capitalizing on current market conditions.


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Bangkok Office Market Q4 2021

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Phattarachai Taweewong

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