Thailand Logistics Market Update 2Q-2023

Record high completions observed, driving an increase in vacancy.

August 28, 2023
  • Nichakamol Horungruang
  • Witchaya Wipusanawan


  • 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

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