bangkok office q3 2010

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



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



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


rm : e = esmd supply



total Supply addEd for Each fivE yEar pEriod

cumulativE Supply in Bangkok


http://slidepdf.com/reader/full/bangkok-office-q3-2010 4/14COLLIERS INTERNATIONAL | P. 4


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.



additional Supply for Each yEar

total Supply By oWnErShip, Q3 2010




futurE Supply

dEmand – takE up



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.




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: 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




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?




2. Wh h m s w s h ppy yl l?



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.




3. Hs yu z ld h hd h ls w ys?

4. is yu z pl l h hd wh h x h ys?




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.



rEntal ratE, Q3 2010





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






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.



rEntal ratE of officE Building in Bangkok By diStancE from BtS / mrt (mEtrES)




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





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.



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


rESEarchEr:

thlday PS M | rsh


rESEarchEr:

thldSuh khpM | rsh


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.


Ud Ss: 135

cd: 39L am: 17

as Pf: 194

eMea: 95

bangkok office q3 2010

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