Knight Frank Chartered (Thailand) Co Ltd
Logistics Property Market 1H 2023
The Summary Highlight
- The total supply of ready-built warehouses in Thailand increased steadily by 3.8% h-o-h to 5.57 million sq m.
- The occupancy rate reached 87.6%, increasing by 1.9% h-o-h.
- The average asking rent remained unchanged at 159 baht per sq m. per month.
- Strong demand from 3PL, EV, and solar sectors drove net absorption in H1 2023 to 282,000 sq m., up by 12% from H2 2022.
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