Fit-out costs in Bangkok were relatively stable despite price competition among construction service providers and contractors. Patipat Janthong
Bangkok ranked the seventh most affordable office market to fit out in Asia-Pacific at US$713 or 21,390 baht per square metre, 170% less expensive than Tokyo, the most expensive, according to property consultant JLL Thailand.
Stephen Taylor, managing director of project and development services, said fit-out costs in Bangkok were relatively stable despite price competition among construction service providers and contractors.
“However, reinstatement costs have increased because of rising material costs in this traditionally low-margin segment,” he said.
Many tenants were renewing leases, downsizing and partially returning leased space that required…
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