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…
