Report | Adaptive Spaces, Creating Resilience, Future Cities

Thailand Real Estate Market Outlook 2023

February 21, 2023

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Residential Trends to Watch
- Luxury housing market continues with upgrade in design
- Creating spaces to meet new needs
- Activity picks up for downtown condos
- Diversity in foreign buyers

Office Trends to Watch
- Time for Companies to Relocate to High Quality Offices
- Flex Space and Turnkey Solutions Demand
- Rental Softening not equal

Retail Trends to Watch
- Digitalization will no longer be just an option for retailers
- Importance of brick-and-mortar retail will continue as offerings evolve
- More mid-scale retail centers

Hotel Trends to Watch
- Shift in Tourism Trend
- Hotel Performance Recovery
- Sustainability in Hospitality

Industrial & Logistics Trends to Watch
- China +1 Policy Creates Need for More Industrial Estates
- Growth Industries Continue to Show Interest in Thailand
- Build on Positives and Address Weaknesses