Bangkok office supply rises 3% in Q1

The total stock reached 6.3 million sqm during the quarter.

A recent Knight Frank report revealed that Bangkok’s total office supply rose to 6.314 million sq m following the completion of WorkLab on Rama 4 Road, marking a 3.1% annual increase.

Green-certified office space also grew to approximately 2.1 million sq m, with the main source coming from older buildings completing upgrades and obtaining green certifications. Meanwhile, Ladprao Hills will be converted into hotel space entirely, removing 6,000 sq m from total supply.

Here’s more from Knight Frank:

The total lettable area in Bangkok’s future supply pipeline has risen to 1.1 million sq m, following the announcement of several new projects, most notably GR9 at the Rama 9 intersection and The Central on Phaholyothin Road, both by Central Pattana.

Approximately 835,000 sq m is currently under construction. Projections continue to show that 2025 will see the highest volume of new supply, with an estimated 524,000 sq m expected to enter the market.