2023-04-25-莱坊-Thailand_Logistics_Property_Market_1H_2022_11页_1mb

报告摘要

Supply Growth: Total ready-built warehouse supply increased by 3.2% year-over-year to 4.84 million square meters (sq m), with the Bangkok Metropolitan Region (BMR) accounting for 48.3% of the market.
Demand and Absorption: Net absorption reached 134,000 sq m, driven by e-commerce and third-party logistics (3PL) companies. Occupancy rates rose to 85.5%, an improvement from the previous year.
Rental Rates: Average asking rent decreased slightly by 0.5% year-over-year to 158 Baht per sq m per month, but overall rental trends remain stable with variations based on location and property specifications.

Supply Distribution: BMR continued to dominate with significant growth in Samut Prakan province. Other key regions, including the Eastern Seaboard and Central Region, showed stability but slower growth.
Demand Drivers: Continued demand from e-commerce, 3PL, automotive industry (including EVs and used cars), and fulfillment centers fueled market activity. Top provinces in terms of net absorption were Samut Prakan (highest at 44,100 sq m) and others in the Eastern Economic Corridor.

Occupancy: Rates peaked at 86% in BMR, with BMR overall at 84.5%. Lower occupancy in the Central Region reflected its growing demand.
Rent Variation: Rent differed widely, from minimums of 100-110 Baht per sq m to ceilings up to 200 Baht per sq m, influenced by location, infrastructure (e.g., proximity to highways), and modern tech implementations.

Key Trends: The market showed resilience post-COVID, with strong demand from cold-chain delivery and e-commerce fulfillment. Major players are expanding, and new developments are expected from developers like Frasers and SC Asset.
Outlook: Short-term outlook is positive with stable occupancies, but increased supply could lead to heightened competition. Market growth is expected to continue, driven by incentives in the Eastern Economic Corridor and evolving customer behaviors.

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