2024年下半年泰国工厂租赁趋势

A 2024 Retrospective 2024 An overview review of Factory Rental Trends in Thailand - A 2024 Retrospectiveby Knight Frank Thailand knightfrank.co.th/research 3.04 Million sq m In 2024, Thailand’s GDP grew 2.5% year-on-year (YoY),reflecting continued improvement from 2.0% in 2023,driven by a surge in exports and higher governmentexpenditure. In the second half of 2024, exports grew 9.9%Y-o-Y, supported by global demand for rubber, computers,and machinery, contributing to a trade surplus of THB363.7 billion. This growth in manufacturing-relatedexports has bolstered demand for industrial facilities andfactory spaces catering to export-oriented industries. Occupied factory space increased upfrom 2.90 million sq m in 2023. 92.7% Occupancy rate reached markinga six-year high. 3.28 Million sq m Total supply edged up to 3.28 million sqm, a 1.5% YoY increase. SUPPLY 3.28% YoY The limited growth was attributed tothe selective expansion of existingfactory developments, primarily inthe Eastern Economic Corridor (EEC).These areas continue to attract interestdue to their strategic location nearmajor logistics routes and industrialclusters, encouraging developers tocautiously expand capacity in responseto steady, yet measured demand formodern factory space. The total supply of ready-built factoriesreached approximately 3.28 million sqm in 2024, up slightly from 3.23 millionsq m in 2023. This modest addition of49,797 sq m represents a 1.5% year-on-year (Y-o-Y) increase. The EEC region was the only area tosee new supply and posted the highestaverage rent at THB 211.8/sq m/month. THB 199.4 The nationwide average rent rose toTHB 199.4/sq m/month, driven bymanufacturing and export demand. Remains Positive The market outlook remains positive,supported by FDI from China and Japan,and increasing tenant focus on ESG andautomation-ready facilities. As of 2024, the Eastern Seaboard(EEC) held the largest share of ready-built factory supply at 48% (approx.1.57 million sq m), recording the onlynotable growth with a 3.28% YoYincrease. This reflects continueddemand in key provinces such asChonburi and Rayong. The BangkokMetropolitan Region (BMR) and theCentral region accounted for 26%each, with 848,381 sq m and 865,162sq m, respectively, both showing nonet supply growth over the past year.Overall, total supply rose 1.54% YoY,driven solely by expansions in the EEC. DEMAND The occupancy rate rose to 92.7%,up from 89.6% in 2023, indicatingtightening availability and sustainedinterest in quality industrial space.This marks the highest occupancylevel in the past six years, supported byongoing demand from export-orientedmanufacturers, especially in the EECregion, where infrastructure readinessand supply chain integration remainkey draws. Despite a modest increase in newsupply, the consistently risingoccupancy trend suggests a healthybalance between supply and demand,with industrial demand remainingresilient amid a moderately growingeconomic environment. Demand for ready-built factoriesin Thailand continued its upwardtrajectory in 2024, with occupied spacereaching approximately 3.04 million sqm, an increase from 2.90 million sq min 2023. This reflects a net absorptionof around 144,225 sq m, driven byexpansions from existing tenants andnew entries in key industrial zones. RENTAL RATES availability and its strategic role withinthe EEC framework. The average asking rent for ready-builtfactories in Thailand continued itsgradual upward trend, reaching 199.4THB per sq m per month in 2024. Thisreflects a steady market supported bystrong demand from manufacturingand export-driven sectors, particularlyin high-demand areas like the EEC. demand dynamics and land supplyconstraints in key submarkets. Between 2019 and 2024, rental ratesacross all regions experienced modestbut uneven growth, with sharperincreases observed in regions like theCentral zone. These trends point to atightening market in prime industriallocations. Looking ahead, rental ratesare expected to remain on an upwardpath, with continued growth in areaswhere demand outpaces new supply. The Central Regionfollowed at190.9 THB, showing a significantincrease over the past few years as itgains importance as a logistics andproduction hub. The Bangkok Metropolitan Region(BMR)despite being the most cost-competitive at 185.3 THB, experiencednotable fluctuations, reflecting shifting Average rental rate by area. EECrecorded the highest average rentat 211.8 THB, driven by limited land BAHT / SQ M. / MONTH REVIEW & OUTLOOK and government-backed incentives.Supply Constraints in Prime ZonesWith limited new supply coming onlineand land scarcity in key areas like theEEC, competition for high-qualityspace is expected to intensify. This willlikely support further rental growth inthe near term. The factory market in Thailandremains in a healthy position, markedby a steady balance between newsupply and rising demand. Withoccupancy rates reaching a six-yearhigh of 92.7%, the sec