Office
Total office inventory in the CBD area remained unchanged at 2.53 million sq m. The overall Grade A vacancy rate fell to 23.3% in Q1 2026, down from 23.8% in Q4 2025. Overall Grade A office leasing demand expanded at a slow pace in the quarter. Average Grade A office gross rents were stable at THB943 per sq m per month in Q1 2026.
Industrial
Total Ready Built Factory (RBFs) inventory remained unchanged at 3.42 million sq m. Overall RBFs vacancy climbed to 10.57% in Q1 2026, up from 9.53% in Q4 2025. Total Ready Built Warehouse (RBWs) inventory remained unchanged at 6.05 million sq m. The overall RBWs vacancy rate rose to 15.54% in Q1 2026, from 15.23% in Q4 2025. The RBFs average monthly asking rent remained stable at THB194 per sq m in Q1 2026. The RBWs average rent also remained stable at THB158 per sq m per month in Q1.
Bangkok Hotel
Total hotel inventory in Bangkok remained stable at 147,379 rooms in Q1 2026. A total of 12,103 new rooms are expected to enter from 2026 to 2031, expanding citywide inventory by 8.2%. The city’s average hotel occupancy rate increased to 77% in Q1 2026, up from 72% in Q4 2025. This was due to the Bangkok hotel industry’s high season, supported by festive activities and major holidays. The average daily rate (ADR) for all Bangkok hotel classes decreased to THB3,730 in Q1 2026, down from THB3,843 in Q4 2025. RevPAR was recorded at THB2,872 in Q1 2026, rising 3.8% q-o-q from THB2,766 in Q4 2025.
Phuket Hotel
Tribe Phuket Patong, an upscale hotel in the Central-West submarket, opened in in 2H 2025, adding 230 rooms. Phuket luxury and upscale hotel inventory then expanded to 49,100 rooms, up 0.47% from 1H 2025. The average luxury and upscale hotel occupancy rate decreased to 76% in 2H 2025, down from 76.8% in 2H 2024. The average daily rate for luxury and upscale hotels increased to THB7,005 in 2H 2025, rising by 3.9% y-o-y. RevPAR was recorded at THB5,324, up by 6.9% from the THB4,978 figure of 2H 2024.
Retail
Total Grade A Retail Central Retail District (CRD) inventory remained unchanged at 986,218 sq m in Q1 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 remained stable at THB3,746 per sq m in Q1 2026. The overall prime CRD retail market vacancy rate dropped to 4.34% in Q1 2026, down from 5.03% in Q4 2025.
Condominium
In the first quarter of 2026, only 7,169 new units were launched. It is anticipated that the market will continue to stagnate throughout the year due to these negative factors, with total new supply likely matching last year's figures at approximately 15,000–17,000 units. Developers are currently pivoting their focus towards the mass market. Consequently, the average selling price of new projects launched in Q1 2026 dropped by 56.8% compared to the prior quarter. Overall, the average selling price for new units in Q1 2026 was approximately THB84,300 per sq m.
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