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Retail occupancy rates set to fall below 95%
Bangkok Post
|September 23, 2025
Demand recovery remains sluggish
New retail property supply in 2025-26 is projected to outpace demand, pushing occupancy rates below 95% while capping rental growth at 1-2% annually, as competition among major developers intensifies and demand recovery remains sluggish.
Chotika Tungsirisurp, head of consulting and research at property consultancy CBRE Thailand, said roughly 1.09 million square metres of retail space are in the pipeline, either under construction or in planning.
“The retail sector was subdued by declining tourist arrivals and consumer confidence,” she said. “The overall outlook remains challenging, with oversupply risks if consumer demand fails to rebound significantly.”
Denne historien er fra September 23, 2025-utgaven av Bangkok Post.
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