Dwindling supply gives landlords the upper hand
The Bangkok office market is due to take off again, driving rents up and availability down, but attractive terms can still be reached provided the timing is right
- Published: 15/01/2012 at 03:00 AM
- Newspaper section: Spectrum
The current down cycle in the Bangkok office market continues to provide occupiers with the opportunity to realise significant savings. However, with continued demand and very limited new supply, the market is likely to soon move to the upturn stage of the rental cycle.
SOARING PRICES: Park Ventures occupies a prime site at Witthayu and Phloen Chit Roads and will be able to command rents above 800 baht per square metre per month, against the area average of 700 baht.
Tenants need to create leverage by timing their lease renewal strategies and carefully negotiating their review clauses to obtain maximum benefit.
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About the author
- Writer: Yupa Sathienpabayut
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