Office: Even though the average vacancy rate in Bangkok is still low, we are seeing a higher vacancy rate in most areas and lower absorption rate of the new supply.
Retail: For new tenants, the average asking rents remained stable from the second half of last year at THB3,915 /sqm/mo on the ground floor.
Industrial: While small and medium developers continue to expand the ready built factory/warehouse in the same location or nearby, it results in intense competition and difficulty to raise rental fees.
Condominium: The pandemic, along with the economic recession, made the buyers insecure with their personal finances and their jobs, thus lowering the buyer demand as compared to last year.
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