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Carbon Footprint: Critical Data in the Global Boiling Era

Over the next three years, domestic economic growth will translate into rising investment in the manufacturing sector, and this will in turn herald an improving outlook for operators of industrial estates. The total footprint of land sold and leased on industrial estates is therefore expected to surge by 18.0-20.0% annually over 2023-2025 to 2,200, 2,700, and 3,000 rai (1 rai = 0.16 hectares) in each of these years.

Sustainable AI: Planting the Seeds for a Greener AI Industry

Sustainable Tourism: A New Era of Travel Prioritizing Sustainability

The market for office rentals will strengthen over 2023 to 2025 on the ending of the Covid-19 pandemic and recovery in the economy, encouraging businesses to take on new hires. This in turn feeding stronger demand for office for at least 0.85 million sq.m., of which is expected to come to market over the next three years.

For 2026–2027, demand is expected to rise gradually in line with the slow recovery of both the Thai and global economies.

Business conditions should improve slightly in the retail rentals sector through 2022, though growth will be limited by the impact on consumer purchasing power of surging inflation and the rising cost of living. In addition, although the reopening of the country to foreign arrivals is helping the tourism sector to recover, at present this remains insufficient to have a major impact on retailers in areas that are dependent on tourist spending especially those in the downtown and tourist areas. Nevertheless, the situation will improve over 2023 and 2024 as economic recovery and a continuing rebound in tourism feeds into stronger private consumption, and progress on the build out of infrastructure helps to spur greater investment in new retail space.

Industry Outlook 2019-2021: Modern Trade

The market for retail space in the Bangkok Metropolitan Region will remain flat or possibly weaken slightly from the position last year as it struggles against: