ECONOMIC OVERVIEW
Heading into the last quarter of 2021, Thailand’s economy is slowly emerging from the shadow of the pandemic with a substantial reduction in the rate of infected cases and an improvement in recovery rates among patients. The number of fully-vaccinated has continued to rise steadily to more than 60% across the country, while 70% of Bangkok’s population has received a second dose. In November, Thailand relaxed containment measures by reopening the country and welcoming fully vaccinated international tourists in a boost to the economy.

Although more corporates are returning to pre-COVID normality, remote working policies are still in place in some offices. Landlords are taking this opportunity to adjust their building market positioning, while some tenants are reconsidering their office operations in light of changing working practices and the need to save costs.