2012-12-31-莱坊-Thailand_Industrial_Logistics_Property_Report_Q1_2013_7页_937kb

Q1 2013 Thai Logistics Property Brief Summary

Key Highlights

• Total warehouse supply in Q1 2013 was 3,111,372 sqm, an increase of 3.60% from Q4 2012 and 23.72% year-on-year, with new supply entering the market.
• Average occupancy rates fell to 90.01% in Q1 2013, down 2.6% from Q4 2012, primarily due to new developments and completed expansions.

Market Distribution

• 43% of warehouse space is located in Samut Prakarn, favored by its proximity to Bangkok, industrial estates, and transport links.
• Distribution is expected to shift with new projects in the Eastern Seaboard and Northeast, driven by growing demand.

Rental Rates

• Average rental rates increased by 1–2.5% across key logistics locations in response to demand growth from new factories and operational consolidations.

Outlook

• Demand for warehouse space is projected to rise with factory expansions and efficiency improvements, supported by Thailand's strategic position in ASEAN.
• However, heightened competition and potential oversupply in certain regions may require phased development approaches and careful location/rent strategies for developers.