Thailand
Overview
Thailand has a constitutional monarchy type of government, located at the center of the Indochinese Peninsula. A country that has a rich culture with one of the largest economies in Southeast Asia.
Facts and figures
| Population | 69,857,982 |
| Population density (people per sq. km of land area) | 137.00 |
| GDP per capita in US$ | 7,273.56 |
| Main industries | Agriculture Manufacturing Technology and electronics Financial services Tourism |
| Total office stock in sq m / sq f | 9,145,088 sq m (Bangkok) |
| Total retail stock in sq m / sq f | 7,800,000 sq m (Bangkok) |
| Total industrial stock in sq m / sq f | 284,790,000 sq m |
Economy
Thailand is the second largest economy in Southeast Asia after Indonesia, and with an upper-middle income status, serves as an economic anchor for its developing neighbour countries. The country's economy appears resilient and is expected to advance at a moderate pace despite domestic political uncertainty. Main sectors of industry are manufacturing, agriculture, and electronics and technology. Thailand is also known as the assembly hub for international car brands.
Growth
Over the last four decades, Thailand has made remarkable and rapid progress in social and economic development, moving from a low-income to an upper-income country in less than a generation. Currently, the most developing and fast-rising industries are the financial services and tourism.
Unique aspects
Thailand is particularly dependent on exports, which account for over two-thirds of its GDP. Still in the process of industrializing, this country has become the eighth largest economy in Asia, according to the World Bank. Thailand is also notable for having one of the lowest unemployment rates in the world. Although its urban population is also growing, Thailand is one of the world’s largest rice-growing nations.
Key cities
Bangkok
Bangkok is located in the central part of Thailand and the capital city of the country. It is the cultural, educational, political and economical heart of Thailand. Bangkok has traditionally been the main transportation artery of the Thai nation. This highly populated city is the center of tourism for all of Southeast Asia, and is one of the most important cities in this region's industrial and financial sectors.
Chiang Mai
Chiang Mai was founded in 1296 and is the largest city in northern Thailand. It is a paradise for shoppers and a delight for adventurers. Chiang Mai is a place where the past and the present seamlessly merge with modern buildings standing side by side with venerable temples.
Pattaya
Pattaya is a vibrant city shot to fame in the early 1980s, located on the east coast of the Gulf of Thailand. It is the second most visited city in Thailand and one of the best destinations for personal and business travellers. Aside from the sprawling beaches, this city is also known for shopping and retirement destinations for foreigners and locals alike.
Office overview in Thailand
Selected business districts for rent or lease of office space
Bangkok
As the capital city of Thailand, Bangkok is home to diverse, multinational companies operating in modern offices within a vibrant neighbourhood. The city has a long stretch of road where you’ll see state-of-the-art office buildings. One of the most awaited skyscrapers will be the Rama IX Super Tower which will house Thailand’s first 24-hour office facilities, a six star hotel, fine dining venues, and an enclosed observation deck.
Retail overview in Thailand
Selected districts for rent or lease of retail space
Bangkok, Thailand
Bangkok has earned a famous reputation for being one of the finest places to shop in Asia. This is where most of the glamorous and prominent shopping malls are found along with a plethora of places to eat and drink.
Chiang Mai
Chiang Mai is well known for its handicraft products and unique Thai goods. It is home to many boutiques and gallery-style stores selling art, antiques and handicrafts. This city is also famous for its weekend night markets. Malls, restaurants and lots of commercial establishments are gathered here.
Pattaya, Thailand
Pattya is a well-known tourist destination in Asia. The city offers a wide array of shopping spots, hotels, restaurants, roadside stalls and several other places catering to the needs of the tourists.Thanks to the booming economy of Pattaya, property has also become a productive business as many new residential and commercial complexes are built.
Phuket, Thailand
Phuket is one of the famous tourist spots in Thailand. The shopping malls here are favorably comparable to Bangkok’s mega-shopping complexes. As such, the city is a shopping haven which offers a variety of shopping destinations may it be street stalls or massive shopping centers.
Industrial overview in Thailand
Selected districts for rent or lease of industrial space
Bangkok, Thailand
Bangkok is the center of Thailand’s economy, the country’s financial hub, home of most factories and family-owned businesses. Food processing, textiles, and the production of building materials are the chief manufacturing enterprises. Other industries include cement, electronics, petroleum refining, and tourism.
Chiang Mai, Thailand
Chiang Mai is one of the fastest growing industrial cities in Thailand, tagged as the city with a “creative economy”. As the second largest city, Chiang Mai has a manufacturing profile with many large and modern factories, in traditional sectors, especially food, and in newer sectors such as electronics.