Bangkok to see 550,000sqm of new office space next year

The current supply stands at 6.3m sqm as of Q3 2024.

According to a Knight Frank report, Bangkok's total supply of office space expanded in Q3 by 151,000 sq m, or by 2.5% QoQ, to 6.31 million sq m following the completion of One Bangkok Tower 3 and Tower 4 and Rangsit Business Park.

Consequently, green buildings increased from 26% to 28% of total supply. 54,000 sq m was withdrawn as 3 buildings were removed from the market.

“The total lettable area in the supply pipeline has decreased to 1.1 million sq m, reflecting the completion of new buildings and adjustments to future supply sizes. Of these 1.1 million sq m, 640,000 sq m are already under construction. Current projections indicate that 2025 will see the largest influx, with an anticipated addition of 550,000 sq m to the market,” the report added.