Retail Market

Bangkok retail supply totaled at 8,166,794 sq m in Q1, posting a tiny increase of 0.6 percent as compared to 8,116,827 sq m in Q4 2024. The opening of Post 1928 (40,000 square meters), APAC Tower (2,500 square meters), and BTS Visionary Park (7,467 square meters) accelerated the increase of supply in the downtown and midtown areas.  

Source: Ascend Business Service Research (May 2025)         

The retail occupancy rate in Bangkok was 89.92 percent in the first quarter, down from 90.27 percent in the fourth quarter of 2024. The ongoing introduction of new retail projects, combined with low consumer confidence and economic sentiment, has led to an oversupply in the market. This oversupply has increased competition, ultimately contributing to the decline in the occupancy rate.