Smaller offices dominate Bangkok’s leasing market

Spaces spanning 300 to 400sqm saw continued demand.

According to a Knight Frank report, Bangkok’s total office supply reached 6.42 million sq m in Q2 2025. The market saw continued leasing for smaller spaces (300–400 sq m), while large transactions (3,000–10,000 sq m) remained rare, leading to a 0.7 percentage point decline in occupancy.

“Tenants are increasingly cautious, with many negotiating rent discounts of 15–25% and focusing on cost optimization through consolidation or downsizing. Average Grade A rents are under pressure, while landlords compete aggressively with incentives. With 2–3 major buildings completed in H1 and additional supply expected by year-end, location remains the key differentiator in this competitive market,” the report added.