Average rents for Grade A buildings in the CBD were just under Bt1,000 per square metre per month and a new record of Bt1,500 was achieved at Gaysorn Tower, CBRE reported. The overall vacancy rate fell to 7.3 per cent and is expected to remain low for the next three to four years. Around 750,000 square metres of office space is under construction, including the first phases of One Bangkok and The Parq, both on Rama IV Road, with completion dates between now and the end of 2022. CBRE forecasts that demand will match supply for the next three years. There are potentially around two million square metres of office space being planned on sites acquired by developers, but construction has not yet started.

Source: The Nation Bangkok May 30, 2018 06:00 UTC