ASIA PACIFIC OUTLOOK 2025

BANGKOK

RENT GROWTH

Rental growth is expected to remain unchanged in 2024 at THB936 per sq m per month.

1,400

5.0%

FORECAST

Office rental growth is expected to pick up in 2025. Rents are forecast to grow by 0.4% in 2025, to reach THB940 per sq m per month. Demand for prime office space continues to rise. It is anticipated that rental levels at prime office buildings in CBD areas will increase in the coming years.

1,200

0.0%

1,000

-5.0%

800

600

-10.0%

400

-15.0%

200

0

-20.0%

2022 2023 2024F 2025F 2026F 2027F 2028F 2029F

THB/SQM/MO

Rent growth (%)

RENT (THB/SQM/MO) AND RENT GROWTH (% PER ANNUM)

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield