Bangkok Overall Figures Q3 2025

Residential: The Bangkok condominium market showed signs of improvement in overall activity during Q3 2025. The number of newly launched units increased significantly across both Downtown and Midtown/Suburban areas, rising 249.9% Y-o-Y and 207.2% Y-o-Y, respectively.

Office: Net take-up between Q1 – Q3 2025 totaled 97,108 sq. m. already exceeding the total for 2024, however demand mainly came from affiliates moving in from very old buildings. Overall occupancy dropped to 79% due to the completion of 74,000 square meters of new office supply.

Retail: Thailand’s CCI slightly rebounded in September 2025, rising to 50.7 from August's near three-year low of 50.1, marking the first increase in eight months. Despite the rebound, overall consumer sentiment remained weak, declining 3.8% Q-o-Q.

Hotel: Q3 2025 hotel performance fell below Q3 2024 levels. This downturn was largely attributed to the continued decline in international tourist arrivals. Despite the y-o-y drop, occupancy improved 6 percentage points from Q2 2025.

Industrial & Logistics: Industrial market maintained steady momentum, supported by rising demand from the digital sector, while supply constraints persisted despite solid take-up.

Economic: BOT has lowered its 2025 GDP growth forecast from 2.3% to 2.2% Y-o-Y.