Bangkok office market lags as demand whittled away

"Некоторые люди думают, что будyт счaстливы, если пеpeедут в дpугое место, а потом оказывается: куда бы ты ни поeхал, ты берёшь с собoй себя." Нил Гейман ©

The Bangkok office market is slowing because of shrinking demand and future supply overwhelming the market, with flat growth in occupancy and rents expected this year. Teerawit Limthongsakul, managing director of property consultant Nexus Real Estate Advisory, said many office tenants decided to scale down or not to expand as they wanted to cut costs. “The pandemic has been prolonged,” he said. “Apart from cost savings, demand tends to drop in the long term as working from home becomes a trend. The country is an ageing society with a shrinking working population.” The Bangkok office market is …

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