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Thailand to see over 500,000sqm of lettable logistics space until 2024
Over half of this will be seen in H2 2023
The total size of Thailand’s future lettable logistics area amounted to 505,300 sq m, comprising 267,600 sq m in H2 2023 and 237,700 sq m from 2024 onwards, according to data from Knight Frank. This forthcoming space constituted 9% of the current supply.
“Around 44% of the supply in the pipeline is located in the Eastern Seaboard, followed by the Bangkok Metropolitan Region, with a share of 39%. This trend highlights the slight shift towards the Eastern Seaboard, due to its lower land costs, coupled with comparable rental rates,” the analyst added.
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