Colliers Bangkok Office Report Q2 2011

8/6/2019 Colliers Bangkok Office Report Q2 2011

1/15

Q1 2011 / Q2 2011

new Supply

DemanD

RentalS

occupancy

Bangkok o ice MarketthailanD

. rs. .

Bangkok Ofce Market

highlightS

th m s h m Q2 2011 m d lm s h s m s Q1 2011

a m p s v j y h m uld b s h u u s u s p v d s b m s bl .

a u d 100,000 sq m sp s s h h cBD m H2 2011.

i l s s xp d m w supply 2011 bu l m d m u w supply w y s w ll l d h d up y d l s.

th aSean e m a m s l s u 2015 d h s v s m h s.

g s l p bl ms d m h eu p u s m w d.

B s h m s supply y y h aSean .

Q2 2011 | o ice

maRket inDicatoRS


2/15COLLIERS INTERNATIONAL | P. 2

Bangkok o ice Market rePort | Q2 2011

M h 70% x s bu ld s w suppl d h m h 1990s wh h p s d p d m w h h

b su m u u xp s. th s s s s ly

w p dd d h v y s ll w h s hl c s s (a c). ev w h h p up h s d h l

d d , ly 13% supply m m h s d d h u

th m p d up h s d h l h 2000s hm h h as l c s s wh th l d sum d m

w h d d u d h m . B w 2006 d 2008 umb l m d d a bu ld s w dd d h cBD h

juv d h m s m d lud Q H us Lumi h 21, ex h t w , ch m hu Squ d th c lum .M s h w supply 2009 m h m h e y c mp

h n h .

S u : c ll s i l th l d r s h

S u : c ll s i l th l d r s hr m : e = es m d

total Supply aDDeD foR each five yeaR peRio

cumulative Supply in Bangkok

hiStoRical Supply


3/15

aDDitional Supply foR each yeaR

COLLIERS INTERNATIONAL | P. 3


as Q2 2011, w supply h s b dd d h s y du p l ld m u s h p s w y s d d l ys. H w v , h s d h l 2011 w w bu ld s l d h cBD

xp d b mpl d w h l 100,500 sq m d s w h 30,500 sq m s h dul d b dd d

n h .


Supply By location, aS of Q2 2011


u z s s d d s h v d ss h v us m sss l s wh l h h s s m d s w y. th B m s z d by h l v l d sp s supply h u h u

h y lud h subu bs d ly jus v h d supply s h

cBD, wh h s l v s w d .

th cBD s ll w d by h n h d ou cBD w h 20% d 13% sp v ly.



B s ll l ds h w y wh m s l supply mp d h h m mm l s aSean; l ly h l y h

bu ld b m p h as l c s s. i mus ls b s dh h u s h v s d y mm l s wh h s h s th l d. th s w uld lud Su b y i d s , H

d D V m, d c bu h Ph l pp s.

i B wh l supply u s ll v h y h s

u s d h cBD h b s d d s w bus ss su h s B gl b l c y M l , S u h JY ud S ul. th B n w h s ss h pe s S b d m y b u u s d y bus ss bu

h BtS m s h n h w ll s ll m h m s p -cBD l .

n ly 270,000 sq m sp s s h dul d b suppl d B h x h y s ly u z s. v bu ld s

s h dul d b mpl d h n h h xh y s. ov ll xp d dd l w supply v h x h

y s w ll p s l ss h 3.4% s l supply. p s s v y l l dd l sp h m bs b

h w y up y l v ls d s h h x w y s.

S u : c ll s i l as o s


office Supply in aSean citieS, aS of Q1 2011

futuRe Supply By location

Supply compaReD with otheR aSean citieS

futuRe Supply




occupancy Rate By location, Q2 2011

occupancy Rate in 3 locationS, Q1 2009 Q2 2011



th S u h s l l mm ds h h h s up y Q2 2011 l h u h ly p s s 5% l supply B . thou c y n h h s h l w s up y s d m yb sul

h m v m p p s w y m D Mu . th cBD

up y d d h s d l w s u du h m v s m bus ss s h s. i mus b s d h d

b w h s sm ll h w v .

o up y s m d m l ss h s m Q2 2011 q/q sbus ss s s ll p h l d s s qu s upl dw h h m s u eu p du p l g d ul

d s l w ss h u s. th s u s us d m d sp .

DemanD take up




th h xp d du S h Squ H2 2011 sl ly h v sh m d m l up y

v y Q1 2011. H w v w h m d s w h p d d hll w w y s d l m w supply, c ll s i l

th l d p d s du l bu sus d s up y 2012. th s w ll u l d h d l

lys s ssum s h b h d m s p l l s d h l s u d u h w s .


actual anD futuRe eStimate of occupancy RateS

th s m wh u s s ll p l m upw d d w bus ss s w h h s v m hs h y sh w s

umb s v ll. th s d s ds p s v s l h bu ld

m h l m s w bus ss s mp s ud m d.

S u : D p m Bus ss D v l pm d c ll s i l th l d r s h

newly RegiSteReD fiRmS DuRing JanuaRy 2009 may 2011

DemanD DRiveRS




expoRtS fRom thailanD on a monthly BaSiS

S u : B th l d d c ll s i l th l d r s h

i dus l w h s h m d v s p w h ms b s b u h d d , l, l l d su

s v s, m s h s, supp . ap ls ll w s sul hJ p s hqu d su m wh h s v ly d s up d supply

h m v m s. imp s suppl s m J p s mp s hm u u b s s th l d ll d m lly wh h dm u u u pu d s qu ly xp s th l ds p m y

m s. as mp y b h s w ll h v y d s d m d s xp s l ly h v u

s m mm s su s h th l d uld bh s J p s m u u sys m h l m s

h v s M h wh by m p du v s s.




S m l u u p sp s bus ss xp s s llm s h d ld ums. a s d v sp d m dm s h m x s bus ss s xp d h p s.

al h u h h h s b b u b m ly 2009 w h m

bus ss p pl b p m s h p ss m s pp s s u h l d su d m d w d. th

h l l w ll b l wh h d

d su mp s p s s m sp B . ov ll w uld pp h s m s b s d m

h l b l m v ls h h d m s s u th l d.a s b u d d pl h h gl b l

l c s s d d bu ssu s d h g s lv y d bud ssu s h USa d J p h v w d

h s m h v s d th l d.

S u : Bu u t d d e m i d s d c ll s i l th l d r s h

S u : Bu u t d d e m i d s d c ll s i l th l d r s h

BuSineSS expanSion expectation inDex

BuSineSS expectation foR finance & inSuRance companieS inDex





Rental Rate By location

Rental Rate By gRaDe Q2 2011



U su p s ly h cBD mm ds h h h s l s du sl d umb d a bu ld s. r s h ou cBDd pp d wh l s s w d d h cBD d n h

s. th s uld b xpl d by h h s umb

s l d l s b h h BtS d Mrt wh l m s s h ou cBD l d s m d s m m ss s l

m y l v ly ld.

r ls m d s bl ss h b d Q2 2011 f u dl s m v m h m . h p s h y s

h h s b d s bl h l s d a

. th s f s h b d p p l l d m ubu w h s s ll b u d p d by l s supp

h s m .

Rental Rate, Q2 2011



th n h u s d h ou c y ms ls bu h d s l bl . th cBD mm ds h h h s

l s by w h h n h d ou cBD h u d 75% h cBD v l .

r l s d a bu ld s h v m d s bl s 2007wh l d B bu ld s d d d p pp x m ly 5 6%.c ll s i l th l d h s d h s m l dl ds h v

d m v u bl ms d v s s mup y du d ul m m s, sp lly sm ll bus ss s

d h s h s l ly dv s ly d d c ls. th s d c bu ld s s ls l ly b m bl s m

l s m y b s ly u v u bl s, d ws d s v s s m l sh s h

d m mp v ss.



hiStoRical Rental Rate in thRee main locationS, Q1 2009 Q2 2011

hiStoRical Rental Rate By gRaDe





Rental Rate of office BuilDingS in Bangkok By DiStance fRom BtS / mRt (metReS), Q2 2011


o s l d l s m ss s s s mm d p m uml h u h m y w bu ld s h w uld usu lly mm d h h

ls. th sh p s d u s d c bu ld s w h u d

40% d b s d. M ss s ly xpl s p bu ld s pp l. a ss xp ssw ys m y b qu lly v

m mp s.


12/15

pRomiSe on the otheR SiDe of the wateR But can thefRagile BRiDge Be cRoSSeD?

W h h w h h aSean m mmu y, th l d uld b

s b y s sub- l s v hm m s c mb d , V m, L s d p ss bly My m h u u . al s d h s, s v s m h m u u

b s d b u b u sm ll p s h u y w h spp u s p sp d w w h dy m d m d

pl .

H w v Q3 2011 uld b p v l qu s b s w h h ll d h s h h m h p d w ll d m h w h

sul s p u ms h w v m d h w h w s dl s s b mm d d. i s m m djus m s m d d

h s u s l s d w h u y b h s h l dbus ss s m y s pl h u u s . th s uld b hsp h m h h s b m ss h p s uy s.

th h l b l l s ll l s bu h m d ul g s s v d b . th s - - s y s l ly

u s h sys m ssu s g m w ss s b s d h u d ly l mp v ss m , w h b l- u s ly

d l y wh m y s d h v bl . Wh l h u y m s

h l l s , h m s su h s P u l, i l d, iSp ( ll v ly m d w h g s h PiigS) s ll

. g b bs b d s h l s u s h v h y p p d u w d h p s s s m d .

H w v , h v y g d ul uld d mh uld v ppl l b l my su h s i

Sp . th s qu s su h v w uld s d h l b lmy lsp w h m s ph s qu s

L hm ll ps . th s s u l ly s h s m s s h v b w y b h sp bu s s ll p ss bl d w ll

y s d pu h s u s b l v s l h l h. M wh l bus ss s mus w h d w .

th u m s l ly s s u l b l w h h u h ull u h supply h d s up

J p s su m d h s uld s v h w s s m h ppi h th p l l s u m s s m m s lubus ss s l ly mpl m w h s s h up p l d m d sp d h w h l m d supply

h x w y s h m uld sh w sdy m sm w d.

foRecaSt





appenDix



14/15

office Zoning


th l l z s s B h s l d h x s s supply w d l s h y d

h w h m h s p v d h cBD h s v lv d v h p s 20y s. th l cBD w s l d h S l m d Su w s ds,h m h v b ld m d h d bus ss s. thd v l pm m d bu ld s h s, w h lf pl uld b mm d d h s d h cBD b

sh p h s s S h d.

Wh l Su humv d up as s p m ly p v d m d s d l , l umb d a b

sp u up h s d ls h p s w y s. i s hs d d s p h cBD. as w d h cBD, pu p s s l ss , s wh s umb a bu ld s l d. as su h h ld cBD s w s d

h ou cBD s w ll s P hbu d wh m d B s l d. ov m h s s u u uld v lv .



15/15

collieRS inteRnational thailanDmanagement team

o ice & inDUStriaL SerViceSn um r ds v ph | S M

retaiL SerViceSash w W h | S M

aDViSorY SerViceS | HoSPitaLitYJ M g | D

ProJect SaLeS & MarketingM h o w p s | S M

reSiDentiaL SaLeS & LeaSingSu L ws ul | S M

aDViSorY SerViceSn p t hu m | ass D

reaL eState ManageMent SerViceSB d d ch y u | ass D

inVeStMent SerViceSnu Suw ul | ass DW s r jj u ul | S M

reSearcH

a y P | ass DSu h k h p | S M

VaLUation & aDViSorY SerViceSn h l s B w | ass DPh hs u Ph m h u | ass DS p k m h | S MW d Su suw | M

PattaYa o iceM B wl | S S l s MSup S j s | S Bus ss D v l pmM / o M

coLLierS internationaL thaiLand:

B of 17/ Pl h c ,2 Su humv r d, kl y,B 10110 th l dtel +662 656 7000fax +662 656 7111email . h@ ll s. m

P y of 519/4-5, P y S d r d (opp s c l s v lP y B h), n p u , B l mu , ch bu 20150

tel +6638 427 771fax +6638 427 772email .p y @ ll s. m

ReSeaRcheR:

th l da y Pass D | r s hemail y.p @ ll s. m

ReSeaRcheR:

th l dSu h k h pS M | r s hemail su h . h p@ ll s. m

512 s 61 u s s

th s p d h s h m ls m y b u d u w bs www. ll s. . h. Qu s s lm h sh uld b d d h r s h D p m h umb d d b v . th s d

b p p d by c ll s i l dv s d l m ly. c ll s iu s, p s s w s y d, xp ss d mpl d, d h m

l m d , w s , u y d l b l y. a y s d p y sh uld u d hqu s s h u y h m . c ll s i l x lud s u qu v lly ll d

ms, d s d w s s u h s d um d x lud s ll l b l y l ss d d mh m. c ll s i l s w ldw d l d p d ly w d d p d mp

a l su ss.

a l d l s sul y w ldw d

2nd most recognized commercial real estate brand globally 2 d l s p p y m ov 2 b ll squ u d m m ov 12,500 p ss ls


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Colliers Bangkok Office Report Q2 2011