Thailand Property Pulse: commercial real estate dashboard 2026

Factories are full. Offices are not.โรงงานเต็ม แต่ออฟฟิศยังว่าง

เงินลงทุนสูงเป็นประวัติการณ์กำลังไหลเข้า EEC ทั้งที่ดินอุตสาหกรรม โรงงานสำเร็จรูป และดาต้าเซ็นเตอร์ ขณะที่อัตราการเช่าออฟฟิศในกรุงเทพฯ อยู่ที่ 76.4% ต่ำกว่าค่าเฉลี่ย 10 ปี และดอกเบี้ยนโยบายต่ำสุดในรอบหลายปีที่ 1.00% (ข้อมูลและกราฟด้านล่างเป็นภาษาอังกฤษ)

Record investment is pouring into the EEC: industrial land, ready-built factories and data centers. Bangkok offices sit at 76.4% occupancy, well under their 10-year average, while money is the cheapest in years at a 1.00% policy rate.

Occupancy

Which property types are full?

Latest published occupancy by sector. Industrial leads; offices and hotels trail.

Capital flows

BOI investment applications

THB trillion. Nine months of 2026 already beat all of 2024.

Digital

Data centers: live vs coming

Megawatts, Q2 2026. Haoyang's 300 MW site is in Rayong.

4.4×

More capacity in the pipeline than runs today.

Pipeline 944 MWLive 216 MW

Land

EEC industrial land price

Average price, THB million per rai (Cushman & Wakefield, May 2026). Rayong is the value pick.

Land

Industrial land sold per year

Rai, serviced industrial estates nationwide. The EEC took about 81% in 2025.

Bangkok office

Office occupancy by quarter

All grades, %. Dashed line: 10-year average.

Bangkok office

Grade A asking rent

THB per sqm per month. New green buildings keep winning tenants.

Money

Bank of Thailand policy rate

%, at each decision. Six cuts, on hold since Feb 2026.

Hospitality

International tourist arrivals

Millions. 2026 is running about 4.6% behind 2025.

What it means

Six takeaways

Money is flowing eastThe Eastern region took nearly 60% of BOI applications in 2025 (฿1.11tn of ฿1.88tn).

Rayong is cheaper EEC land฿7.5M per rai vs ฿9.5M in Chonburi and ฿7.75M in Chachoengsao.

Factories are nearly fullEEC ready-built factories are 98.1% full. EEC warehouses, at 85.1%, give tenants more choice.

Data centers lead the boomDigital and data centers make up about ฿1.17tn of 9M 2026 BOI applications.

Offices: flight to qualityFour new buildings absorbed ~66,000 sqm in Q3 2026; the rest of the market lost ~16,000 sqm.

Watch the risksSoft tourism (−4.6% YTD), household debt at 85.9% of GDP, and the US tariff deal still unsigned.