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Sunday, April 28, 2024

Active Industrial & Logistics Market, Rental Rates Increased

Phongphan Phloiphet, Senior Manager, Logistics & Industrial, at Cushman & Wakefield, Thailand.

•Investor sentiment around the Thai industrial market is rebounding after the COVID-19 pandemic

•Demand is exceeding supply for Serviced Industrial Land Plots (SILPs), driving up rents and asking prices

•The logistics market continued to grow at a steady pace in Q1, with average land price increasing to THB6.79 million per Rai, up from THB6.58 million per Rai in Q4 2021.

Thailand’s logistics market continued to grow at a steady pace in 1Q 2022. Leasing activity in Ready Built Factories (RBFs), and Ready Built Warehouses (RBWs) remained active, driven by the growing demand for logistics property in the e-commerce sector. Total…

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