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Thailand MarketBeat Reports

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: 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.


Office Buildings CBD
Bangkok Office Report

The average rental level increased to THB917 per sq m per month, up from THB913 per sq m per month in Q1, or by 0.44% q-o-q.

Click here to download the report

Shopping Retail
Bangkok Retail Report

Total Grade A retail stock in Central Retail District (CRD) locations was recorded at 916,893 sq m in 1H, and no new retail supply has been added to the market during this period.

Click here to download the report

Warehouse Internal Rack
Bangkok Condominium Report

The Bangkok condominium market is expected to improve in 2022. Developers will continue to launch new projects both in the inner city and outer city markets. 

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Warehouse Internal Rack
Bangkok Industrial Report

The overall RBFs vacancy rate dropped to 9.67% from 10.18% in Q1.

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Bangkok Hotel Report

Bangkok’s hotel market showed signs of improvement in 1H 2022 following the disruption caused by COVID-19 throughout 2020 and 2021.

Click here to download the report

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