THAILAND MARKETBEAT REPORTS

Christine Li • 1/23/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Office: Since most of office buildings in Bangkok are over 20 years old, the upcoming supply will interestingly refresh the market. Most new projects are developed as mixed-use projects, the low floors as retail space to support and provide convenient services to tenants.

Retail: The average rental rate slightly increased to THB 364 psf/mo on the ground floor. Additionally, the overall retail market has insignificantly expanded with the vacancy rate lower than 10%.

Industrial: In the year 2019, the serviced industrial land plot market is continuously expanding due to the accelerating of government infrastructure development projects including roads, railways, seaports, and airports.

Residential: The condominium selling price still remained steady. It saw an increase of only 0.6% (YoY) from THB14,600 per square foot (sf) to THB14,700 per square foot on average. The developers focused on boosting sales of ready-to-transfer units to drain the inventory.

Learn more by clicking our most recent Bangkok MarketBeat reports below.

CURRENT MARKETBEAT

Office Buildings CBD
Bangkok Office Report

It is forecasted that there will be a new supply of 1.78 million square meters in the next five years.

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Shopping Retail
Bangkok Retail Report

In the second half of 2019, there was no new supply added in Bangkok’s Central Retail District (CRD) area.

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Warehouse Internal Rack
Bangkok Industrial Report

Currently, there are a list of 24 promoted zones in the EEC area, which give a lot of confidence to Thai and foreign investors.

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Warehouse Internal Rack
Bangkok Residential Report

Condominiums market saw large decrease with a drop of 30% from the same period last year (YoY).

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