Demand for Grade A buildings in decentralised locations is growing, thanks to comparable quality at lower rental costs, plus shorter travel times for employees than the central business district. Varuth Hirunyatheb
Bangkok's office market is entering a new phase of competition, with occupiers increasingly prioritising building quality, employee accessibility and value over traditional central business district (CBD) addresses.Property consultancies Knight Frank Thailand and CBRE Thailand said the market continued to improve in the first quarter of 2026, but the recovery is becoming increasingly uneven between top-performing buildings and older stock.
According to Knight Frank Thailand, non-CBD locations recorded significantly stronger net absorption than CBD areas during the first quarter, reflecting a gradual decentralisation of office demand.
The shift does not signal a mass exodus from Bangkok's traditional business districts. Instead, it reflects growing demand for Grade A buildings in decentralised locations that offer comparable quality at lower rental costs.
Over the past few years, a growing number of premium office projects have been completed outside the CBD, providing occupiers with more options as they reassess workplace strategies.
