Phongphan Phloiphet, Head of Logistics & Industrial, Cushman & Wakefield Thailand, in an interview with Prachachat Online, shared an overview of Thailand’s industrial and logistics market performance in 2025.
As of the end of 2025, total land supply within industrial estates nationwide stood at approximately 221,788 rai, with an average vacancy rate of 6.52%, representing a decline of around 8.56% from Q3. This reflects continued strong land absorption, despite ongoing volatility in the global economic environment. Meanwhile, the average industrial estate land price was approximately THB 8.31 million per rai, marking a quarter-on-quarter increase of around 3%. In addition, approximately 18,367 rai of land is currently under development for new industrial estates, which will form a key pipeline of future supply.
In the Ready-Built Factory (RBF) segment, no new supply entered the market in Q4 2025. Total nationwide RBF stock remained at approximately 3.42 million square meters, while the average vacancy rate declined sharply to 9.53%, representing a significant reduction of 18.62% from Q3. This underscores a strong recovery in leasing demand from industrial operators.
For Ready-Built Warehouses (RBWs), total stock increased to approximately 6.05 million square meters by the end of 2025, while the average vacancy rate stood at 15.23%, declining by around 11.50% from Q3 2025, reflecting continued expansion in logistics activities, e-commerce, and regional supply-chain inventory requirements.
Overall, demand across all three segments — industrial estate land, ready-built factories, and ready-built warehouses — has continued to expand over the past several years. Although the market experienced some slowdown from early 2025 through Q3, driven by uncertainty surrounding U.S. import tariffs, Thailand continues to be regarded as a highly attractive destination for industrial and logistics investment, supported by its strategic location, infrastructure readiness, and integral role in Asia’s regional supply chains.
The Five Pillars of the New Economic Era
Phongphan Phloiphet noted that the direction of U.S. investment will be one of the most decisive forces shaping the global economic structure in the years ahead. The United States is in the process of “resetting” its industrial base through massive fiscal spending and large-scale investments, aiming to redefine its role in a new world driven by technology, security, and economic stability.
Phongphan explained that this new wave of U.S. investment will be concentrated around five core pillars of the modern economy:
- AI & Digital Infrastructure
- Advanced Manufacturing & Semiconductors
- Energy Security (including Small Modular Reactors: SMRs)
- BioScience & Life Sciences
- Defense & Security Technology
According to Pongphan, the architecture of the global economy is undergoing a fundamental transformation. Artificial intelligence (AI) and the semiconductor industry are becoming the backbone of virtually every system — from manufacturing to national security. These industries, in turn, require enormous volumes of stable, long-term energy, which is why SMRs are being positioned as a critical component of next-generation global energy infrastructure.
At the same time, BioScience and Life Sciences are no longer viewed merely as healthcare industries. They are increasingly being elevated to the level of national security priorities, as they directly relate to medical supply chains, biotechnology capabilities, and a country’s ability to manage future global risks and crises.
