Published on Bangkok Post dated 18 July By Nina Suebsukcharoen During what some fear may only be a lull in sporadic civil unrest, a Bangkok commercial property services adviser gives tips that could ward off potential calamity. Strong fears of more violence breaking out on Bangkok streets have led to many foreign companies identifying buildings [...]
Bangkok Office MarketView Q1 2010 The total office supply in Bangkok was 7,978,543 sqm., down 0.1% Q-o-Q and up 1.5% Y-o-Y (it should be noted that there was a reclassification of buildings and readjustment of total net lettable office areas to reflect current usage). No new supply was completed in this quarter. As of Q1 [...]
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Bangkok – 20 January 2010 – 2009 was a challenging year for the Thai property market, but CB Richard Ellis (CBRE) sees positive signs for 2010. Whilst 2009 has been a tough year, it was not as bad as many expected. 2010 has begun with a more positive market sentiment. The improving economic outlook globally [...]
Overall take-up in the Bangkok office market was 6,773,065 sqm, up 0.1% Q-o-Q and 0.8% Y-o-Y. The total occupancy rate also improved slightly from 86.0% to 86.1% in this quarter. The vacancy rate was 13.9%, indicating a fall from the 14.0% recorded in Q2 2009. Bangkok office market rents have moved downwards. As of [...]
Bangkok – 2 December 2009 – London’s West End is again the world’s most expensive office market, according to CB Richard Ellis (CBRE) Global Research and Consulting’s semi-annual Global Office Rents survey. Tokyo’s Inner Central has slipped to second place, followed by that city’s Outer Central market. Hong Kong’s Central Business District (CBD) and Moscow [...]
Momentum is growing around the world for certification of the environmental efficiency of buildings. Although Thailand has not yet adopted its’ own certification standards this has not prevented developers from adopting international standards in the absence of a local standard. This move is in a response to demand particularly in the office market. We believe [...]
The first question that office tenants ask when considering new office premises is how far away is the nearest mass transit station Inner city shopping centres need direct access to mass transit stations. The mass transit systems have acted as a catalyst for new property developments around their stations Sadly since the 2004 opening of [...]
Overall take-up of the Bangkok office market was 6,763,812 m2, up 0.2% q-o-q and 0.9% y-o-y. The driver of demand in this quarter was DTAC which took up 61,000 m2 in Chamchuri Square. The occupancy rate of the Bangkok office market also improved slightly to 86.0% from 85.8% in the last quarter. The vacancy rate [...]
The Asian office market showed signs of stabilising in the second quarter of 2009, but companies remained focused on reducing costs and tightening their real estate expenditures, according to CB Richard Ellis. Pressure to further reduce office space requirements nevertheless began to ease as the macro economic environment became somewhat calmer and, in the case [...]
As of Q1 2009, the total stock of Bangkok office space increased to 7,864,435 m2. There were three newly completed office projects during this quarter with a combined area of 67,300 m2. Asia Centre and Sala at Sathorn are located in the CBD, while Central Chaengwattana is located in the Non-CBD area. 226,880 m2 of [...]
Two of the ten largest transactions in the history of the Bangkok office market, including the largest ever, have been completed in the past three months, despite the fact that the Asian office markets entered a downward cycle in the fourth quarter, according to CBRE Research. Throughout Asia, ongoing global financial turmoil continued to erode [...]
The Bangkok office market in 2008 hinges on latent demand from multi-national companies which could rebound quickly once the policy direction toward foreign investment becomes clear, according to CB Richard Ellis, a leading international property consultant. If there is a more overseas investor friendly policy and a democratic government, investor confidence will be restored which [...]
The total amount of office space leased in Bangkok increased quarter-on-quarter, but the total amount of space leased is the first half of 2007 was 37% lower than the first half of 2006 according to the latest Bangkok office market research published by CB Richard Ellis. The total amount of leased office space grew by [...]
Office landlords in Bangkok are offering good quality space at some of the cheapest in Asia, according to international property consultant CB Richard Ellis. With the average rent for prime Bangkok office space in the central business district of Bangkok remaining just slightly more than THB740 per square meter (psm) a month (US$22), office rentals [...]
