The serviced industrial land market in the first half of 2024 experienced growth across the board, with increases in new supply, land sales, sales rates and asking prices, primarily driven by demand in the Eastern Economic Corridor (EEC).
Marcus Burtenshaw, executive director and head of occupier strategy and solutions at property consultant Knight Frank Thailand, said the first half of 2024 showed a strong, sustained demand for serviced industrial land in Thailand, particularly in the EEC.
“This trend underscores Thailand’s growing appeal as a hub for high- value, technology-driven industries,” he said. “With investments from both local and international players, coupled with government incentives, the growth in this sector is expected to continue.”
Knight Frank Thailand reported that 8,063 rai of serviced industrial land was sold or leased nationwide in the first half of 2024, a surge of 53% compared to the second half of 2023.
New supply added only 886 rai, bringing the total supply to 181,280 rai, an increase of just 0.5%.
Knight Frank Thailand reported that 8,063 rai of serviced industrial land was sold or leased nationwide in the first half of 2024, a surge of 53% compared to the second half of 2023.
New supply added only 886 rai, bringing the total supply to 181,280 rai, an increase of just 0.5%.
Source: Bangkok Post
