Research
Thailand Logistics Market Update 2Q-2023
Record high completions observed, driving an increase in vacancy.
August 28, 2023
Contributors:
- Nichakamol Horungruang
- Witchaya Wipusanawan
Highlights
- Demand remains strong in strategic locations
- Vacancy rises with the new supply influx
- High development costs drive rent growth
- Outlook: Large supply is expected to increase competition in the market