News Forum - Bangkok office owners face flood of new competition – CBRE

[Thaiger]

As the office sector experiences its lowest net take-up rate, Bangkok landlords should upgrade their existing properties and provide better and more flexible leases to lure renters, before a massive amount of new places start to open, stated consultancy firm CBRE Thailand. The pandemic has had the most significant impact on Bangkok office spaces since the 1997 financial crisis. “There were more reductions of occupied office spaces than new spaces leased,” CBRE Managing Director Roongrat Veeraparkkaroon told the Bangkok Post. “Last year we saw more than 80,000 square metres of negative net take-up. Even in the subprime crisis of 2008, […]

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