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C R C T O W E R |
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Following the completion of CRC Tower, no significant office supply is due to enter Bangkok's CBD premium office market winthin the foreseeable future. The average vacancy rate of premium office space in the CBD reduced by 3.7% over the first quater of this year to 27.4%, which amounts to an improvement of 9% from the same period last year. Tenant take up of office space Bangkok in the first quater of 2001 amounted to 42,400 sq.m, an increase of over 12,000 sq.m when compared with the same period last year. Whilst it is not anticipated that these year on year improvements in the level of demand will continue, the demand for premium office space and average rentals in today's marketplace remain stable. As the only modern office building due to enter Bangkok's CBD premium office market, CRC Tower will undoubtedly feature high on the relocation shortlists of most large and medium sized office occupiers who expect to move within the next two-three years. In Capital and M Thai Towers the total take-up space is excess of 90% in each building. Please contact the joint agents-Jones Lang Lasalle and Colliers Jardine for more information about leasing office and retail space in CRC Tower. |
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