Office
Total Grade A office inventory in the CBD market remained stable at 2.53 million square meters. The overall Grade A vacancy rate fell to 21.9% in Q2, down from 23.3% in Q1. The Q1 2026 vacancy level was the lowest since Q1 2023. Overall Grade A office leasing demand continues to expand in the CBD market.
Industrial
Total Ready Built Factory (RBFs) inventory remained unchanged at 3.42 million sq m. Overall RBFs vacancy decreased to 10.45% in Q2, down from 10.57% in Q1. Total Ready Built Warehouse (RBWs) inventory remained unchanged at 6.05 million sq m. The overall RBWs vacancy rate decreased to 14.72% in Q2, down from 15.54% in Q1. The RBFs average monthly asking rent increased to THB196/sq m/month in Q2, up from THB194/sq m/month in Q1. The RBWs average rent also increased in Q2 to THB160/sq m/month, up from THB158/sq m/month in Q1.
Bangkok Hotel
Total hotel inventory in Bangkok increased to 147,227 rooms in Q2 2026, up from 146,572 rooms in Q1 2026. Two new hotels entered the market: Yotel Bangkok, and Grand Nikko Bangkok, adding 655 rooms to the inventory. Ahead, the hotel market is set to experience significant growth. The city’s average hotel occupancy rate fell to 73% in Q2, down from 77% in Q1. The average daily rate (ADR) for all Bangkok hotel classes dropped to THB3,660 in Q2, down from THB3,730 in Q1. RevPAR was recorded at THB2,672 in Q2, down from THB2,872, falling by 7% q-o-q. Overall Bangkok hotel market activity slowed in Q2 2026, primarily due to the tourism high-to-low season transition.
Phuket Hotel
Courtyard by Marriott at Chalong Bay Phuket, classed as upscale, in the Central-East submarket, opened in 1H 2026 with 280 rooms. Luxury and upscale hotel inventory then expanded to 49,380 rooms, up 0.57% from 2H 2025. The average luxury and upscale hotel occupancy rate dropped on a y-o-y basis to 80.0% in 1H 2026, down from 84.1% in 1H 2025. The average daily rate (ADR) for luxury and upscale hotels fell to THB6,820 in 1H 2026, down by 4.0% y-o-y. RevPAR was recorded at THB5,456, down by 8.7% from the THB5,975 figure of 1H 2025.
Retail
Total Grade A Retail Central Retail District (CRD) inventory remained unchanged at 986,218 sq m in Q2 2026, with no Grade A supply entering the CRD market in the quarter. The average monthly asking rent for prime retail space in CRD areas increased to THB3,769 per sq m in Q2 2026, up from THB3,746 per sq m in Q1 2026. The overall prime CRD retail market vacancy rate dropped to 3.98% in Q2, down from 4.34% in Q1.
Condominium
New condominium project launches in Q2 2026 totaled 2,332 units, marking a fall of around 67% compared to the prior quarter. However, total new units launched in the first half of 2026 stood at 9,501 units, up 42% compared to the 1H 2025 period. The average selling price of newly launched condominium units in Q2 2026 was THB150,417 per sq m, representing a jump of 78.4% from the prior quarter. This spike is due to the fact that around 90% of the new projects launched in Q2 were located along Sukhumvit Road.
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