Office: Total Bangkok office stock expanded to 9.43 million sq m in Q2 2022, growing by 0.58% q-o-q. The citywide overall vacancy rate decreased to 8.80% from 10.17% in Q1.
Retail: Bangkok’s retail market showed signs of gradual recovery during 1H 2022, driven by improving demand from domestic and foreign consumers.
Condominium: Bangkok’s condominium market showed signs of recovery in 1H 2022, emerging from the unfavorable market sentiment amid the tepid economic environment of 2020-2021.
Industrial: Thailand’s logistics market continued to grow in Q2 2022. Leasing activity in Ready Built Factories (RBFs) and Ready Built Warehouses (RBWs) remained active, driven by growing demand for logistics property in the e-commerce sector, fast moving consumer goods, and home appliances. Total RBFs inventory in Q2 remained unchanged at 2.76 sq m.
Hotel: The easing of travel restrictions and quarantine requirements for international tourist arrivals commencing on May 1,2022 substantially improved market sentiment. Tourist arrivals in 1H 2022 numbered 497,690 well up on the 427,860 recorded for the full year 2021.
Learn more by clicking our most recent Bangkok MarketBeat reports below.