Office
Total Grade A office inventory in the CBD market remained stable at 2.53 million square meters in Q3 2026. The overall Grade A vacancy rate fell to 23.5% in Q3, up from 22.8% in Q2. Average Grade A office gross rents decreased to THB941 per sq m per month in Q3 2026, down from THB943 per sq m per month.
Industrial
No new factory or warehouse supply entered the Thailand market in Q3. Total Ready Built Factory (RBFs) inventory remained unchanged at 3.42 million sq m. Overall RBFs vacancy decreased to 9.95% in Q3, down from 10.45% in Q2. Total Ready Built Warehouse (RBWs) inventory remained unchanged at 6.05 million sq m. Overall RBWs vacancy rate decreased to 13.55% in Q3, down from 14.72% in Q2. The RBFs average monthly asking rent remained unchanged at THB196/sq m/month in Q3. The RBWs average rent also remained unchanged at THB160/sq m/month
Bangkok Hotel
Total hotel supply in Bangkok increased to 147,820 rooms in Q3 2026, up from 147,227 rooms in Q2 2026. Two new 5-star hotels entered the market in the quarter. The city’s average hotel occupancy rate fell to 70% in Q3, down from 73% in Q2. The average daily rate (ADR) for all Bangkok hotel classes dropped to THB3,516 in Q3, down from THB3,660 in Q2. RevPAR was recorded at THB2,532 in Q3, down from THB2,672, falling by 5.3% q-o-q.
Phuket Hotel
Courtyard by Marriott at Chalong Bay Phuket, classed as upscale, in the Central-East submarket, opened in 1H 2026 with 280 rooms. Luxury and upscale hotel inventory then expanded to 49,380 rooms, up 0.57% from 2H 2025. The average luxury and upscale hotel occupancy rate dropped on a y-o-y basis to 80.0% in 1H 2026, down from 84.1% in 1H 2025. The average daily rate (ADR) for luxury and upscale hotels fell to THB6,820 in 1H 2026, down by 4.0% y-o-y. RevPAR was recorded at THB5,456, down by 8.7% from the THB5,975 figure of 1H 2025.
Retail
Total Grade A Retail Central Retail District (CRD) inventory remained unchanged at 986,218 sq m in Q3 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 THB3,769 per sq m in Q3 2026. The overall prime CRD retail market vacancies dropped to 3.63% in Q3, down from 3.98% in Q2
Condominium
The major listed developers expanded new condominium launch projects in Q3, with a total of 4,876 newly launched units, approximately 109% more than in Q2. Approximately 94% of the condominium projects launched in Q3 2026 were located in suburban areas. Although most of these projects were positioned along existing rail transit routes or routes currently under construction, the change in location mix resulted in the average selling price of newly launched condominiums in the third quarter declining by approximately 28.6% compared with the second quarter.
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