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Earthquake spurs office relocation queries
May 22, 2025
|Bangkok Post
Bangkok tenants looking for building safety and proactive landlords, says CBRE Thailand
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Bangkok's office market in the first quarter of 2025 continued to face mounting pressure from new supply, resulting in higher vacancy rates and intensifying competition among landlords, according to property consultancy CBRE Thailand.
The earthquake in Myanmar on March 28, which was felt across Bangkok, added a new dimension to office decision-making, prompting companies to re-evaluate their priorities and requirements in the wake of heightened safety concerns.
"While significant new supply continues to pressure occupancy levels, net take-up in the first quarter was particularly strong, driven by relocations into Grade A+ buildings in the central business district (CBD) and Grade A buildings in both CBD and non-CBD areas," said Chotika Tungsirisurp, head of consulting and research at CBRE Thailand. "In contrast, the Grade B office segment experienced negative net take-up."
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