• PROVIDING A STRATEGIC ADVANTAGE Through Technology & Processes
  • EXPERIENCE QUALITY Under One Brand with A Single Point of Control
  • UNITING LOCAL COMMERCIAL Real Estate Experience with Global Execution
  • DELIVERING RESULTS Through Collaboration & Integration

Thailand

    Thailand

    Thailand is considered to still be an emerging economy and has recently become industrialized. The economy is mostly based around exports, which make up more than two-thirds of the economy, and tourism. Most of Thailand’s workforce is still agriculturally based; consequently, Thailand is the world’s no.1 exporter of rice, exporting more than 6.5 million tons of milled rice annually. Other major Thai exports include textiles, footwear, fishery products, rubber, jewelry, automobiles, computers and electrical appliances. The current political struggle in Thailand has caused many to begin forecasting a continued weakening of the economy and is severely threatening the tourist industry across the nation.

    Thailand's commercial market has seen a slowdown in absorption as more new construction has finished with more on the way. The vacancy rate is expected to continue to rise in to 2010 making this an occupiers market. Rental rates are expected to decrease over the near term as the amount of available space drives landlord competition.