The industrial real estate market is growing against the trend, with land sales surging 17.5% and prices in the EEC zone exceeding 31%.

Knight Frank Thailand reveals that the industrial real estate market continued to grow in the first half of 2569, with land transactions surging to 5,503 rai. This was driven by electronics and high-tech investment groups expanding their production bases, pushing average land prices nationwide up by 16.2%. Meanwhile, land prices in the Eastern Economic Corridor (EEC) surged by over 31%. The report indicates that industrial estates are adjusting their plans to focus on Built-to-Suit development to meet the specific needs of various sectors.

30 July 2569 – Knight Frank Thailand The Thailand Industrial Market Overview H1 2026 report reveals that Thailand's industrial real estate market continued to expand in the first half of 2569, despite global economic and international trade uncertainties.

The main driving factor comes from high value-added industries such as electronics, technology, and advanced manufacturing, which have a strong and growing demand for space, both in terms of industrial land and ready-built factories.

Marcus Bertenshaw, Partner – Head of Industry Strategy & Solutions, Knight Frank Thailand The report shows that while investment promotion figures from the BOI and the number of new projects are beginning to return to normal levels compared to the peak of the previous year, industrial land sales (Land Take-up) in the first half of the year still reached 5,503 rai, an increase of 17.5% compared to the same period last year.

“The key issue for the Thai industrial market today is not just how much investment we can attract, but whether we have sufficient capacity to accommodate this new era of investment. As investment projects become larger and utilize more advanced technology, investors are not just looking for industrial space, but for locations with good infrastructure, utilities, and the potential to support long-term business expansion.” Marcus Bertenshaw

EEC leads in industrial estate supply, with development models shifting to Built-to-Suit.

The report indicates that as of the end of the first half of 2569, Thailand had a total of 191,292 rai of serviced industrial land plots (SILP), a 3.1% increase from the second half of 2568. The Eastern Economic Corridor (EEC) remains the main hub, accounting for 64.6% of the total supply in the country.

However, the development model of industrial park projects is clearly shifting, focusing on custom-built facilities and pre-lease agreements to meet the needs of modern factories with specific structural and infrastructure requirements.

For the ready-built factory market, only 10,400 square meters of new supply was added, all concentrated in Rayong province. This resulted in an overall occupancy rate of 98.2%, reflecting continued tight demand for ready-to-use factories.

Industrial land prices surged, with the EEC (Eastern Economic Corridor) seeing increases of over 31%.

Driven by continued demand and a gradual increase in supply, industrial land prices in strategic locations have risen.

The average selling price of industrial land nationwide has risen to 7.43 million baht per rai, a 16.2% increase compared to the previous year. The Eastern Economic Corridor (EEC) saw the highest price increase, at over 31% compared to the same period last year.

The surge in land prices reflects not only rising development costs but also indicates concentrated investment in locations with well-established industrial ecosystems and the ability to effectively support long-term expansion.

Electronics dominate the market with 40% growth; existing factories continue to expand their base.

In terms of foreign investment value, the electronics industry remains the main engine, accounting for approximately 40% of the total investment promoted in the first half of the year. This is particularly true for investment in printed circuit boards, including PCBs, Flexible PCBs, HDI PCBs, and related technologies.

Furthermore, although the number of new factory openings slowed down compared to the previous year, the statistics for expansion of existing factories increased significantly. This indicates that businesses that had invested previously still have confidence in and continue to expand their production capacity in Thailand.

Digital and energy infrastructure: Deciders in the long-term competitive landscape.

Knight Frank forecasts that the Thai industrial real estate market will continue to be supported by the relocation of manufacturing bases by global companies in the advanced technology and electronics sectors.

However, the decisive factor in Thailand's future competitiveness will not be measured solely by the amount of land area, but will also depend on the readiness of electricity, water, digital infrastructure, and the capacity to support business expansion. These will be key considerations for multinational investors in deciding where to choose as their production base.

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