Outlook 2023 Thailand

BANGKOK NEW SUPPLY

NEW SUPPLY (SQM)

300,000

 718,352 sqm of new space is currently under construction and due to enter the market from 2023 to 2026.  Of this, 269,395 sqm is expected to enter the Bangkok CBD market in 2023.  2023 new supply comprises five projects: WHA KW (9,900 sqm), One Bangkok Tower 4 (95,000 sqm), One Bangkok Tower 5 (97,000 sqm), The EmSphere (20,000 sqm), and Siam Pathumwan House (47,495 sqm).

FORECAST

250,000

200,000

150,000

100,000

50,000

0

2020

2021

2022F

2023F

2024F

2025F

2026F

Source: Cushman & Wakefield