Bangkok total retail stock hits 8m sqm

Thanks to two new community malls that opened in mid-2025.

Despite economic uncertainty, high household debt, and political turbulence, Bangkok’s shopping centers are proving remarkably resilient.

According to Knight Frank Thailand’s latest research, total retail stock in the capital has now reached 8 million sq.m., with central and inner-suburban districts accounting for 3.2 million sq.m., boosted by the opening of two new community malls in mid-2025.

Here’s more from Knight Frank:

The sector continues to deliver strong performance:

• +9% YoY revenue growth in 2024 (≈ THB 51.1 billion)
• Revenue in 2025 expected to grow at a similar pace
• Rental rates rising 4–6%
• Tourism recovery fueling demand, with 35.5 million arrivals in 2024, generating THB 1.8 trillion

“Even in a challenging economy, shopping malls continue to thrive—powered by tourism recovery, lifestyle-led mixed-use developments, and digital innovation. This resilience confirms the central role malls play in Thailand’s retail future,” said Mr. Nattha Kahapana, Managing Director, Knight Frank Thailand.