Demand for office space remains robust

Though the pandemic has affected many tenants, demand for office space in Bangkok in the first quarter remained strong, driven by the growth of e-commerce, tech and logistics businesses.

Phattarachai Taweewong, research and communication director at property consultant Colliers Thailand, said demand for Bangkok office space remained robust, although there was a drop in the first quarter this year compared with the fourth quarter last year.

“Key drivers of demand are e-commerce, technology and logistics operators, which are generating more income and need to grow their business by expanding office space,” he said.

Mr Phattarachai said demand for new office space in the first quarter also came from financial institutions, online travel agents, retailers and wholesalers of electronics products.

The impact of Covid-19 led many firms to scale down office space,…