Bangkok marketwide office stock tracked at 6.8 million square meters (73 million square feet) in total, of which 1.8 million square meters (19 million square feet) is class A with over 1.1 million square meters (12 million square feet) set to enter the market by 2026, reported Savills.
The market is becoming increasingly favorable for tenants, especially those considering consolidating their space or looking to upgrade into a more modern building.
The firm thinks the future looks great for occupiers, who will enjoy more choice at lower rents, while landlords look likely to continue to struggle until the economy makes a full recovery, and they will be hoping traditional work practices make a return.
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