Thailand
Bangkok office vacancies hit 7-year high of 11.6% in Q4 2020
Bangkok office vacancies hit 7-year high of 11.6% in Q4 2020
Tenants right-sizing their footprints caused negative net absorption.
Bangkok records largest amount of new office space supply since 2015
79,000 sqm of new supply were added in Q2, the largest amount in a single quarter since Q1 2015.
Thailand's unsold rate for condos at its highest since 2011
The unsold rate hit 2.8% in Q2 as over 1,700 units remained unsold.