Thailand
Bangkok office supply to hit 316,000sqm in 2025
And over 410,000sqm of new supply is expected in the second half of 2024.
Bangkok office supply to hit 316,000sqm in 2025
And over 410,000sqm of new supply is expected in the second half of 2024.
Bangkok hotel occupancy rates hit 74% in H1 2024
This reflects an increase of 4.8 percentage points vs the same period last year.
What to expect from Bangkok’s office market in the near term
Sustainability is increasingly becoming a non-negotiable factor for tenants.
Bangkok to see 218,000sqm of new retail stock by end-2025
The market is expected to remain extremely competitive.
Rapid industrial supply expansion to persist in Thailand
Nearly 230,000sqm of new stock will be completed by H2 2024.
Bangkok expects 10 new prime residential projects by end-2024
These projects will yield 2,000 units.
Bangkok hotel supply to grow at a 3.3% CAGR by 2027
Over 19,2000 new hotel rooms are expected to enter the market.
Bangkok’s intensified supply-demand mismatch leads to rising office vacancy
Prime office vacancy rate remained high at 26% in Q2.
Energy Complex Company Limited secures the Energy Technology Initiative of the Year - Thailand at the Real Estate Asia Awards
It was honoured for pioneering sustainable architecture and energy conservation efforts.
Bangkok’s international retail leasing activity hits record highs
There were 120 retail leasing transactions from international tenants in Q1.
Thailand industrial vacancy rate rises to 11.5% in Q1
Vacancies slightly increased by 10 bps QoQ.
Bangkok residential supply to hit 75,900 units by year-end
There are 2,800 new units to be completed this year.
Five new hotels open in Bangkok in Q1
The hotels added over 1,100 rooms to the city’s supply.
Bangkok to see over 420,000sqm of new office supply this year
The vacancy rate could hit 24% by year-end.
Bangkok to see over 1.3m sqm new office supply until 2026
A total of 616,700 sqm of new supply expected in 2024 alone.
Why office demand in Bangkok CBD fell to -26,300sqm in Q1
In contrast, net absorption in non-CBD areas hit 20,800sqm.
Grade A offices outperform other segments in Bangkok
The prime office segment recorded the highest occupancy rate of 80% in Q1.
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Al Mouj Muscat's Business Park wins Office Development of the Year - Oman at Real Estate Asia Awards 2024
![Al Mouj Muscat's Business Park wins Office Development of the Year - Oman at Real Estate Asia Awards 2024]()
Co-Written / Partner
It sets new standards for office developments with its striking design and strategic location.
It sets new standards for office developments with its striking design and strategic location.
