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Market Report: Real Estate in Bangkok and Phuket Continues to Rise!
Find out the latest developments in the Bangkok and Phuket real estate market, including offices, hotels and retail as of Q4 2025.
Market Report: Real Estate in Bangkok and Phuket Continues to Rise!
Bangkok continues to emerge as a central hub for commercial real estate and the latest reports show that there were some exciting developments in the fourth quarter of 2025. Loud Cushman & Wakefield The total number of Grade A offices in the Central Business District (CBD) has increased to an impressive 2.53 million m². This is mainly due to the full completion of the new Dusit Central Park Grade A project, which is now enriching the market.
The vacancy rate for Grade A offices has fallen encouragingly to 23.8%, a significant decrease from 26.0% in the previous quarter. Gross rents also show a positive trend, increasing to an average of THB 943 per sqm per month in Q4 2025. However, this is a slight decrease compared to last year when monthly rents were still at THB 950. Despite the slightly lower prices, the market has shown a good hand when it comes to demand.
Industry and retail under pressure
The retail market is showing mixed development. While the total stock of Grade A retail space in the Central Retail District (CRD) remained stable at 986,218 sqm, average rental prices increased to approximately THB 3,746 per sqm. Interestingly, the vacancy rate in the CRD has now increased to 5.03% and could be a sign of changing demand.
Hotel industry is booming
The situation is similar in Phuket. The new Tribe Phuket Patong Hotel added 230 rooms and the luxury and upscale hotel inventory increased to 49,100 rooms, up 0.47% from the first half of the year. However, the average occupancy rate drops to 76%, which could pose a bit of a challenge. On a positive note, the average daily price for upscale hotels increased to THB 7,005.