OFFICE RENT BANGKOK RANKED 92ND MOST EXPENSIVE CITY
CBRE Research has just released the 2018 Prime Office Occupancy Costs report which surveys the rents of the most prime office building in 120 cities around the world.
Based on the survey, Bangkok was the 92nd most expensive city with the most prime offices, as of Q1 2018, achieving average rent at Bt1,186 per square metre per month. Hong Kong (Central) had the most expensive prime office rents at Bt8,673 per square metre per month. This is followed by London’s West End and Beijing’s Finance Street at Bt6,649 and Bt5,684 per square metre per month, respectively.
Palma de Mallorca, Spain, had the cheapest prime office rent out of total 120 cities in the survey achieving rents of only Bt505 per square metre per month. Cape Town, South Africa and Montreal (Suburban), Canada, were the second and third cheapest office rents at Bt587 and Bt632 per square metre per month.
CBRE Research expects that Bangkok’s office rents will continue to rise for the next three years and that the best buildings will command a premium over average grade A office rents.