CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Thailand MarketBeat Reports

09/10/2025
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 Grade A office inventory in the CBD area remained stable at 2.47 million sq m in Q3 2025. No new Grade A supply entered the CBD market. The overall vacancy rate fell to 26.0% in Q3 2025, from 26.5% in Q2. Overall Grade A office space leasing demand continued to expand, with many 2024 new Grade A market entrants driving up occupancy through the first three quarters of 2025. Average Grade A office gross rents softened to THB937 per sq m per month in Q3 2025, down from THB942 per sq m per month in Q2.

Industrial

Total Ready Built Factory (RBFs) inventory remained unchanged at 3.42 million sq m. Overall RBFs vacancy fell to 11.71% in Q3, down from 13.66% in Q2. Total Ready Built Warehouse (RBWs) inventory remained stable at 5.99 million sq m. The overall RBWs vacancy rate fell to 17.21%, down from 19.09% in Q2. The RBFs average monthly asking rent increased to THB194 per sq m in Q3, up from THB192 per sq m in Q2. The RBWs average monthly asking rent in Q3 rose to THB158 per sq m, up from THB155 per sq m in Q2.

Bangkok Hotel

Total hotel inventory in Bangkok remained unchanged at 146,628 rooms in Q3 2025. No new hotel supply entered the market. The Central Business District (CBD) remains the dominant submarket, with 53.1% of total supply. The city’s average hotel occupancy rate declined to 70.5% in Q3 2025, down from 72.3% in Q2. The average daily rate for all Bangkok hotel classes fell to THB3,535 from THB3,753 in Q2. RevPAR was recorded at THB2,492, down 8.1% from the THB2,712 figure of Q2. The hotel market is expected to mount a recovery in Q4 2025 and Q1 2026, traditionally the peak tourism period.

Phuket Hotel

One luxury and six upscale hotel properties opened in Phuket in 1H 2025, adding 957 rooms. Phuket luxury and upscale hotel inventory then expanded to 48,870 rooms, up 2.0% from 2024. The average luxury and upscale hotel occupancy rate rose to 84.1% in 1H 2025, up from 81.5% in 1H 2024. The average daily rate for luxury and upscale hotels fell to THB7,104 from THB7,158 in 1H 2024. RevPAR was recorded at THB5,975, up by 13% from the THB5,286 figure of 1H 2024.

Retail

Total Grade A retail Central Retail District (CRD) inventory remained unchanged at 986,218 sq m in Q3 2025, 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 unchanged q-o-q at THB3,717 per sq m in Q3 2025. This represents rental growth of 2.06% y-o-y. The overall prime CRD retail market vacancy rate rose to 4.71% in Q3 2025, up from 3.38% in Q2.

Condominium

Bangkok’s condominium market grew more sizably in Q3 2025, with 6,618 new condominium units from five projects launched in inner areas and six projects in outer city areas. The quarterly new supply number was up 200% q-o-q. The average unit selling price for newly launched projects was recorded at THB131,419 per sq m in Q3, up from THB89,500 in Q2.


Learn more by downloading our most recent MarketBeat reports below.

 

CURRENT MARKETBEATS

Office Buildings CBD
Bangkok Office Report

Cushman & Wakefield anticipates that tenant demand for high-quality office space, and a preference to relocate from aging office buildings to newer ones will continue to grow in the coming quarters.

Download the report

Shopping Retail
Bangkok Retail Report

The overall Bangkok retail market in 2025 remains stable compared to 2024, particularly in terms of rental and occupancy rates.

Download the report

Warehouse Internal Rack
Bangkok Condominium Report

Many projects were launched in the final two weeks of September, leading to the overall pre-sale rate falling below 40%.

Download the report

Warehouse Internal Rack
Thailand Industrial Report

The reduction of the U.S. reciprocal tariff rate to 19%, as of August 1, 2025, from the original rate of 36%, has provided some relief for Thailand’s logistics and industrial businesses.

Download the report

generic-building
Bangkok Hotel Report

Ahead, the hotel market is set to experience significant growth. A total of 7,037 new rooms are expected to enter from 2025 to 2028, expanding citywide inventory by 4.8%.

Download the report

hotel-resort-in-Phuket.jpg
Phuket Hotel Report

Phuket luxury and upscale hotel inventory expanded to 48,870 rooms, up 2.0% from 2024.

Download the report

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS