Quarterly Highlights

•   Grade A CBD rents rose by 5.0% Y-o-Y to THB 1,055 per sq. m. per month.

•   The overall net take-up (net increase in occupied space) was 52,597 sq. m., increasing by 26.6% Y-o-Y.

•   The overall vacancy rate decreased to 6.9%.

•   The total office supply in Bangkok remained stable at 8,927,378 sq.m. as there was no new office completion in this quarter.

•   A total of 1,119,400 sq.m. of office space was under construction, increasing from 999,400 sq.m. in the previous quarter.