Thailand
Thailand logistics records negative net absorption for the first time in five years
Thailand logistics records negative net absorption for the first time in five years
Net absorption was at -31,800sqm in H2 2023.
Thailand ready-built warehouses increase by 6.3% in H2 2023
Total supply hit 5.7m sqm.
Bangkok to see influx of mega retail projects this year
Overall vacancy rates are expected to increase as supply rises.
Thailand industrial vacancy rises to 11.4% in Q4
This is caused by new supply completed during the quarter.
Bangkok sees 16 new luxury hotels in 2023
Over 3,300 keys were added to the city’s supply.
Bangkok to see over 2,700 new luxury condo units this year
This will bring the total stock to 75,800 units.
Bangkok to see over 450,000sqm new office supply this year
The supply influx is expected to cause vacancy rate to hit 24% by year-end.
Bangkok sees three new luxury hotels in Q3
A total of 588 keys were added to the market.
Bangkok Q3 luxury condo sales hit record lows since 2021
There were no new launches during the quarter.
Thailand industrial vacancy rate to reach 8-10% in the medium term
This is as most of the upcoming new supply will be non-speculative.
Bangkok prime retail rents rise by 5.2% in Q3
This indicates that rents are finally stabilising.
Bangkok prime office rents inch up 0.3% in Q3
New completions drove the rise in gross rents.
Bangkok to see nearly 500,000sqm of new office supply in 2024
It’s an increase from the projected 345,000sqm of new supply for 2023.
What does the future look like for Thailand’s office property market?
Landlords are increasingly adopting the build-to-suit and ready-to-move-in models.
Grade B offices in Bangkok outperform other segments in Q3
It was the only segment to increase its occupancy rate.
Which area in Bangkok recorded the highest office leasing demand in Q3?
Net absorption in this area hit 8,700sqm during the quarter.
Bangkok retail supply currently at 7.6m sqm as of mid-2023
A few mega shopping centres are under construction.
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