Research

Thailand Logistics Market Update 1Q-2023

New supply affects vacancy, but net absorption shows positive sign for the overall demand.

May 22, 2023

Contributors:

Nichakamol Horungruang
Witchaya Wipusanawan

Highlights

Strong demand continues in the Northern and Eastern Vicinity
Vacancy rises as new supply enters the market
Market yield compresses with the low-risk, built-to-suit approach
Outlook: Strong supply pipeline expected in the year ahead

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