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 [...]
