Bangkok Overall Figures Q2 2025

Residential: The residential market continues to experience weak market sentiment, with poor financial liquidity affecting both developments and buyers. In this environment, presales are slower, and numerous projects are soft launched prior to their formal launches to test the market.
Office: Supply continued to increase, resulting in overall occupancy falling to 79.3% which marks the first time since 2004 that the overall occupancy has fallen below 80%. However, net take-up levels remained positive, while average Grade A rent slightly dropped by 0.4% Q-o-Q as landlords of older buildings offering competitive rates to retain tenants.
Retail: The retail sector was subdued by declining tourist arrivals and consumer confidence (CCI at 52.7). Looking ahead, 1.09 million sq. m. is in the pipeline, intensifying oversupply concerns. While demand from new entrants, particularly those from overseas, remain active, their focus is mostly in downtown Bangkok.
Hotel: Hotel performance in Q2 2025 experienced a decline across all key indicators compared to both the previous quarter and Q2 2024. This downturn was primarily due to the low season and the reduced number of tourists.
Industrial & Logistics: Industrial market continues to show healthy demand, with strong take-up in the RBF and SILP sales, while supply constraints remain a key consideration.
Economic: BOT forecasted GDP growth for whole year 2025 to grow by 2.3% Y-o-Y, down from previous forecast at 2.9% Y-o-Y.