Bangkok ready-built warehouse supply reaches 6.4m sqm

This reflects a 1.9% increase from the previous 6 months.

According to data from Knight Frank, the total supply of ready-built warehouses in Bangkok reached 6.42 million sq m, reflecting an increase of 120,937 sq m of warehouse space compared to the previous six months. This addition represents a 1.9% H-o-H growth and an 11.5% Y-o-Y increase.

The new supply included four new projects located mainly in Chonburi and Samut Prakan, along with the expansion of existing developments, primarily from SCX Corporation, a subsidiary of SC Asset focusing on logistics. SCX Corporation contributed two significant projects, strategically positioned to cater to the growing demand in the logistics and industrial sectors within these key regions.

Here’s more from Knight Frank:

Bangkok Metropolitan Region continued to have the largest market share. During the second half of 2024, its supply increased by 1.4% H-o-H and 12.4% Y-o-Y to 2.88 million sq m or 44.9% of the total supply of ready-built warehouses. The new supply was located along Bangna-Trad road and Motorway No.9 in Samut Prakan province, contributing to the already high concentration of modern logistic properties in this area, given its proximity to the Suvarnabhumi International Airport, and its strategic location between Bangkok province, and the Eastern Economic Corridor (EEC).

The EEC region accounted for the second-largest market share at 38.6%, with net lettable area increasing by 3.4% H-o-H and 13.0% Y-o-Y to 2.47 million sq m. The growth in the EEC region was driven by new developments in Chonburi, which holds the largest share within the EEC at 26%, followed by Chachoengsao and Rayong at 9% and 3%, respectively.

These areas remain attractive due to their robust infrastructure and connectivity to industrial zones. Meanwhile, the Central region maintained a smaller share at 16.1%, with a stable supply of 1.04 million sq m, showing no growth H-o-H but a 5.7% increase Y-o-Y.