bangkok office q3 2010
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8/8/2019 Bangkok Office Q3 2010
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Bangkok oice Market rePortthailand
www.es..
Bangkok Ofce Market
ExEcutivE Summary
n w supply m h m Q3 2010 bu Q4 2010 wll s ux supply
wh h shduld p Sh Squ.
Lmd l vy Q3 h pll mpss d mps m
m l m pls.
oupy s md h sm s Q2 2010 lb wh vs by z. ou cBD d
h es dd s ud 1% whls ou cy es d nh
sd smll lls.
rl s md m lss h sm h cBD Q3, lhuh ll s ws m
pud h nh . ths ws lly b h sp s 2009.
ids h ldlds sp dsus d vs m l
pl s.
as Spmb 30h, dsbl mp h m hs m bu m h
dmss. Hwv hs bm pd d h cBD h hs
uld hv v mp v m s ls s xp. B s spl ls
uld b uu d bu s lly uh dsups s hs susly.
markEt indicatorS
Q2-Q3 2010
Supply
dEmand
rEntal
occupancy
occupancy
Q3 2010 | OFFICE
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officE Zoning
th l l z ss B hs ld h xs
sf supply wd ls h y d
hw h m hs pvd h cBD hs vlvd v h ps 20
ys. th l cBD ws ld h Slm d Suws ds,hm h vb ld m d h d bussss. th
dvlpm md bulds wh l pl h
s uld b mmdd hs d h cBD b
shp h s s Sh d.
Whl Suhumv d up as s pmly pvd s
m d sdl , l umb d a bulds
spu up h s d ls h ps w ys. i s h
sdd s p h cBD. as w df h cBD, h
pupss lssf, s wh sf umb gd
a bulds ld. as suh h ld cBD s sdd ou
cBD s wll s Phbu d wh m d B s ld.
ov m hs suu uld vlv.
BANGKOK OFFICE MARKET REPORT | Q3 2010
COLLIERS INTERNATIONAL | P. 2
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M h 70% xs bulds w ddd h m
h 1990’s whh psd pd m wh h b
su muu xps. ths s s s h m
w p ddd h fv ys llw h s h as
l css. ev wh h p up h sd hl h dd,
ly 13% supply ms m h 2000’s.
th B ldsp v dy s sul fv y bm pd
m 1992 1999 whh dd du luhs m hl s
sul h as l css. ev h ss pjs
ud b mpld ulm h 140,000 sq m emp
tw 1999, whh v dy s h ls buld h B. th llw fv ys w llw pd h
m s ly l ud 186,000 sq m ws mpld. i
ws ly h sd hl h dd dd wh supply p up
wh v u d hl ms m supply b ddd h ls fv
ys mpd wh h fs fv.
n w supply m h m du Q1 – Q3 2010, hwv Q4 2010 w w bulds shduld b mpld h
cBD d ou cBD wh l ud 79,000 sq m.
hiStorical Supply
Su: clls il thld rsh
Su: clls il thld rsh
rm : e = esmd supply
COLLIERS INTERNATIONAL | P. 3
BANGKOK OFFICE MARKET REPORT | Q3 2010
total Supply addEd for Each fivE yEar pEriod
cumulativE Supply in Bangkok
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BANGKOK OFFICE MARKET REPORT | Q3 2010
th h shws hw supply hs d s h s h as
l css. th p up b 2004 d ulmd v
250,000 sq m ddl supply 2008 h b wd
fd h mddl h dd. Hwv pll uy
l wh h glbl l css (gc) hs ld du w
supply.
a sf umb s mul-w wh ls d s ds.
alms ll hs w bul p 2000 wh vss w l m pd
pl s du h bm pd h pdd h m sh 1997. th
sm psvs upy mul-w suh s dvdul d sysms
whh s v mps p uusul w hus. Hwv h dsdvs h m smms udd ppy mm d m
xpsv d sysms mps us sp pdmly
w hus.
Su: clls il thld rsh
Su: clls il thld rsh
additional Supply for Each yEar
total Supply By oWnErShip, Q3 2010
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BANGKOK OFFICE MARKET REPORT | Q3 2010
futurE Supply
dEmand – takE up
Su: clls il thld rsh
Su: clls il thld rsh
futurE Supply By yEar & location
occupancy ratE By location, Q3 2010
tw bulds shduld b mpld 2010, h
cBD d h jus usd h ou cBD . th l
sp wll s by 79,000 squ ms ps s
lss h 1% u supply. Hwv Sh Squ, shduld
p Q4 2010, wll ps h ls w h cBD
s emp tw 1999. th ly h w buld b
suppld 2010 s Svl os wh ly 6,000 sq m lbl
.
th ou cy Ws sll mmds h hhs upy
Q3 2010, d h ou cy nh hs h lws upy s. th
ou cy es upy dd h sd lws fu.
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BANGKOK OFFICE MARKET REPORT | Q3 2010
th upy h cBD ms sbl m h pvus
qu wh ly 0.2% mv upwds q/q, mwhl h ou cBD
sd by ud 1.3%. th nh upy ll 1.9% q/q
whl ou cy es dsd by ud 1.2%. th psv umbs
m h ou cBD du hh ups s ls h
w ap L whh sd mml p auus. ov
h x w qus wll b s s h v
h p pvs s m bussss
l.
Juy 2010 dd su mpy ss bu h apl /
My vs ld dwu, bu h pd ss pd
up d auus sd psv s, bd wll h uu.
Su: clls il thld rsh
Su: Dpm Busss Dvlpm d clls il thld rsh
occupancy ratE in 3 locationS, Q1 2009 – Q3 2010
nEWly rEgiStErEd firmS during January 2009 - auguSt 2010
dEmand drivErS
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clls il thld rsh
Su: B thld
ExportS from thailand on monthly BaSiS
idusl wh s h m dv h pws h m s hs
lds h d d, fl, ll d su svs
ms hs supp . exps sd v m h gc
2009 wh sdy p wh dsp sbs m pll
dsubs. ths uus wll uu dmd sp
lhuh fl pblms sm eup us d
h l m h fsl smulus my thld’s y
xp ps uld spll pblms, xbd by uy
wss h u d dl l.
aSia pacific officE tEnant SurvEy 2010
clls il thld rsh
thE impact of thE gloBal financial criSiS (gfc) on tEnant’S dEciSion – making
55% h mps suvyd as lm b sll d by h
gc. Sp s h ms pms, wh ly 43% mps sll
d by h ss, bu ppxmly 62% mps thld
l h h d lud h gc sll hs v hm; hs s ply du
h l h uy xps h u s h
m.
a suvy ws md by clls il d sm h m h as Pf . a summy hs b pvdd wh mphss thld.
1. a h s h gc sll yu ls ds – m pls?
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BANGKOK OFFICE MARKET REPORT | Q3 2010
2. Wh h m s w s h ppy yl l?
Su: clls il thld rsh
thE impact of thE gloBal financial criSiS (gfc) on tEnant’S dEciSion – making
L h as ppy l, v, s blv h
ppy yl s w hd wds upsw. ids s
hv m fd ul d h m wh v
8 ’l ps mv wds upsw mwhl Sp
s ls blv hy w wll ps h bm h m d
hd psv d. th su ms d
thld s h ddd pll us hs m h fd
sll ms h dldums wh pp h h uy s sll
h pss dwsw d y h h bm h yl.
Suh v sm us l vy d s
w m psv msph b mb uu pl.
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BANGKOK OFFICE MARKET REPORT | Q3 2010
3. Hs yu z ld h hd h ls w ys?
4. is yu z pl l h hd wh h x h ys?
Su: clls il thld rsh
Su: clls il thld rsh
thE impact of thE gloBal financial criSiS (gfc) on tEnant’S dEciSion – making
Sml fus w dd ll h us suvyd Suh es as shw h h gc vy.
th us lly h m
thld mps wh Sp d ids wh w
s xp l. ths ps pd pd
vy h m B.
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rEntal ratE, Q3 2010
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BANGKOK OFFICE MARKET REPORT | Q3 2010
Su: clls il thld rsh
Su: clls il thld rsh
Usupsly h cBD mmds h hhs l s du h
l d h umb d a bulds. rs h nh
dppd h sm s h ou cBD whl ss w
dd h es d ou cy Ws. ths uld b
xpld by h h sf umb s ld
ls bh h BtS d Mrt whl ms s h ou cBD
ld sm ds m mss s ls d my lvly
ld.
gd a bulds mmd hh ls h d B bulds. th s ls sm ds bw B & c d s.
rEntal ratE By ZonE
rEntal ratE By gradE Q3 2010
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BANGKOK OFFICE MARKET REPORT | Q3 2010
Su: clls il thld rsh
Su: clls il thld rsh
hiStorical rEntal ratE in 3 main locationS, Q1 2009 – Q3 2010
hiStorical rEntal ratE By gradE
i Q3 2010, l s bulds cBD ll slhly by
0.3% mpd Q4 2009. ovll l s hv md sbl
lhuh h nh hs v h ou cBD lly du
h pxmy mss s ls.
rl s d a bulds hv md sbl s 2007
whl d B bulds dd smll dp. clls il
thld hs d h sm ldlds hv d m vubl
ms d vs s m upy du dul
m ms, splly smll bussss d hs hs lly
dvsly d d c ls.
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rEntal ratE of officE Building in Bangkok By diStancE from BtS / mrt (mEtrES)
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BANGKOK OFFICE MARKET REPORT | Q3 2010
Su: clls il thld rsh
os ld ls mss s ss mmd pmum
lhuh my w bulds h wuld b usully m xpsv
bus hs. th shps d us d c
bulds wh ud 40% d b sd. Mss s
ly xpls p buld’s ppl. ass xpsswys
my b qully v m mp s.
rEgional compariSon
Su: clls il as Pf rsh
rm : 1 US Dll = 30.25 Bh, s 30 Spmb 2010 by B thld
Sp hs h hhs d a l s Suh es as, jus
hd H ch Mh cy Vm wh s u udsupply.B s sml h kul Lumpu bu hd Ml
d J. ovll h y ms mpv l h
mml s h .
nEt rEnt of gradE a officE Building in South EaSt aSia
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BANGKOK OFFICE MARKET REPORT | Q3 2010
Su: clls il thld rsh
avEragE agE of officE BuildingS By gradE
My d c bulds w sud p m bm h
1990’s d h sl hs bulds pdm h
d. My ld bulds w sud wh smll pls
du h l smll pls ld busy ls.
forEcaSt
th m sll ms smwh hld p wh h
u us d h lbl my d thld’s w
hm md s hs m s p uu xps pls
hld. th y 2011 uld b pd wh bussss s hv
l vw wh h uy s hdd.
a h d 2010, Sh Squ, d a buld wll pvd m
h 70,000 sq m h m. ths wll dmd, supply d
l s h cBD d du s l pl, wd hdsu pvdd l sz uss bh w lshld
s b ud l.
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colliErS intErnational thailand
managEmEnt tEam
ProJect SaLeS & Marketing
Ws rjjuul | M
aDViSorY SerViceS
np thum | M
oice, inDUStriaL & retaiL SerViceS
num rdsvph | S M
reaL eState ManageMent SerViceS
Bdd chyu | ass D
aDViSorY SerViceS | HoSPitaLitY
J M g | D
inVeStMent SerViceSnu Suwul | S M
reSiDentiaL SaLeS & LeaSing
Pm Jp | M D
reSearcH
ay P | S M
Suh khp | M
VaLUation & aDViSorY SerViceS
nhls Bw | ass D
Phhsu Phmhu | M
PattaYa oice
M Bwl | Sls M
Sup Sjs | Busss Dvlpm M
COLLIERS INTERNATIONAL ThAILANd:
Bangkok Ofce 17/ Plh c,2 Suhumv rd, kly,B 10110 thld
tEl +662 656 7000
fax +662 656 7111
Email [email protected]
Pattaya Ofce 519/4-5, Py Sd rd (opps cl svlPy Bh), npu, Blmu, chbu 20150
tEl +6638 427 772fax +6638 427 772
Email [email protected]
rESEarchEr:
thlday PS M | rsh
Email [email protected]
rESEarchEr:
thldSuh khpM | rsh
Email [email protected]
480 s 61 us 6 s
•th hd ls mmll s svs mpy h wld
•th sd ms sdmml l s bdlblly
•US$2 bll ul vu
•ov 2 bll squ udmm
•ov 15,000 pssls
ths p d h sh mls my b ud u wbs www.lls..h. Quss ld
m h shuld b dd h rsh Dpm h umb dd bv. ths dum hs
b ppd by clls il dvs d l m ly. clls il ms
us, pss ws y d, xpssd mpld, d h m lud, bu
lmd , ws , uy d lbly. ay sd py shuld ud h w
qus s h uy h m. clls il xluds uquvlly ll d mpld
ms, ds d ws s u hs dum d xluds ll lbly lss d dms s
h m. clls il s wldwd l dpdly wd d pd mps.
al suss.
BANGKOK OFFICE MARKET REPORT | Q3 2010
Ud Ss: 135
cd: 39L am: 17
as Pf: 194
eMea: 95