Bangkok Overall Figures Q1 2026

Residential:  The Bangkok condominium market overall saw a slow start to the year with only 12 new project launches. Buyers remain very cautious and take longer with decision making amid ongoing geopolitical conflicts, the weak local economy and elevated oil prices.

Office: The flight-to-quality trend has lowered rents in older buildings, while rents in new buildings have remained flat due to high vacancy. However, as these new buildings fill up, prime office rents are expected to rise in 2026.

Retail: The CCI declined to 51.8 in March, marking a marginal decrease Q-o-Q. On a yearly basis, the index dropped significantly by 8.5% from the same period last year, highlighting weakened consumer sentiment.

Hotel: Q1 2026 saw Thailand’s tourism sector improve despite a softer headline performance, with international arrivals totaling 9.3 million, but down 2.4% Y-o-Y.

Industrial & Logistics: Industrial demand continued, while supply constraints gradually eased.

Economic: Q1 2026 GDP growth was recorded at 2.8%, however, BOT projects growth of only 1.5% for 2026 overall.