Nation Thailand
Bangkok office tenants put value ahead of CBD prestige
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
Bangkok office tenants are increasingly looking beyond the prestige of a central business district address and judging buildings by the value they offer, as asking rents and occupancy move in different directions across several of the capital’s main office locations.
Key facts
- Knight Frank Thailand’s figures for the second quarter of 2026 show that higher asking rents no longer necessarily indicate stronger leasing demand
- Petchburi–Rama IX–Ratchada, a non-CBD location, recorded the highest occupancy rate among the surveyed areas at 82%, despite a quarterly decline
- Nana–Asoke–Phrom Phong followed at 80% after average asking rent fell.
- The CBD remained Bangkok’s most expensive office market, with average asking rent rising 0.7% from the previous quarter to 977 baht per square metre per month.
- Average asking rent rose 0.3% quarter on quarter to 1,075 baht per sq m per month, while occupancy increased by 0.3 percentage point to 75%.
- Nana–Asoke–Phrom Phong recorded a 1.1% quarterly decline in average asking rent to 898 baht per sq m per month.
Summary
Knight Frank Thailand’s figures for the second quarter of 2026 show that higher asking rents no longer necessarily indicate stronger leasing demand. Some locations gained occupants after rents declined, while others recorded higher rents alongside falling occupancy.
Petchburi–Rama IX–Ratchada, a non-CBD location, recorded the highest occupancy rate among the surveyed areas at 82%, despite a quarterly decline. Nana–Asoke–Phrom Phong followed at 80% after average asking rent fell.