Mercantile Place, Bangkok — Stores, Map & Hours

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Brand Fit Snapshot

Best for:

Department Store AnchorsMid-Market FashionQuick-Service DiningElectronics & TechLocal Services

Not ideal if:

Ultra-Luxury PositioningDiscount RetailLarge Footprint Retail

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Mercantile Place is a mid-sized commercial retail property in Bangkoks central business district, spanning about 40,000 square meters with around 120 tenant units. Established in the late 1990s, it caters primarily to office workers, local residents, and some tourists through a tenant mix emphasizing fashion (35%), food and beverage (35%), electronics and gadgets (20%), and services like banking and clinics (10%).

The property maintains an occupancy rate of 90%, slightly below the Bangkok average of 95.29% as per Cushman and Wakefield Q3 2025 report, with average monthly rents ranging from THB 900 to 1,500 per square meter depending on location and size.

Accessibility is strong via nearby BTS Skytrain stations and major roads, though traffic congestion during peak hours can hinder drive-up visits. Daily footfall averages 12,000 to 18,000 visitors, driven by the surrounding demographic of affluent professionals aged 25-45 with household incomes exceeding THB 100,000 monthly. Leasing opportunities include short-term pop-up spaces and incentives for new tenants, supported by the properties stable operational management.

However, drawbacks include aging infrastructure leading to occasional maintenance disruptions, intense competition from larger regional malls like CentralWorld and Siam Paragon which draw higher tourist volumes, and market saturation in fashion and F&B categories potentially pressuring sales performance.

Overall, it suits retailers targeting business district consumers but requires careful evaluation of competitive positioning and logistics challenges in a saturated urban retail landscape.

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Hours of Operation

Hours

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Monday	10:00 AM — 09:00 PM
Tuesday	10:00 AM — 09:00 PM
Wednesday	10:00 AM — 09:00 PM
Thursday	10:00 AM — 09:00 PM
Friday	10:00 AM — 10:00 PM
Saturday	10:00 AM — 10:00 PM
Sunday	11:00 AM — 06:00 PM

Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

123 Sukhumvit Soi 55, Bangkok, Thailand

Insights

Demographics and Footfall

The catchment area for Mercantile Place encompasses Bangkoks business professionals, expatriates, and middle-class families, with a core demographic of 25-45 year olds where 60% are employed in finance, tech, and services sectors. Average household income in the vicinity ranges from THB 80,000 to 150,000 monthly, supporting mid-tier retail spending. Daily footfall reaches 15,000 on weekdays, boosted by lunch-hour crowds from adjacent offices, but drops to 10,000 on weekends due to lower local draw compared to entertainment-focused malls. This profile offers steady repeat business but limited impulse tourist spending, posing risks in seasonal fluctuations tied to economic cycles in the CBD.

Tenant Mix and Occupancy

The tenant composition provides a balanced mix with anchors in local fashion brands and international quick-service restaurants, fostering moderate cross-traffic. Occupancy holds at 90%, with food tenants at near-full capacity while fashion spaces see 10-15% vacancy amid e-commerce shifts. Rents average THB 1,200 per sqm monthly, with 2% YoY growth aligning with market trends from Knight Frank 1H 2024 report. Strengths include low turnover in F&B due to captive office audience; weaknesses involve dependency on economic stability, as corporate downsizing could reduce footfall and pressure non-essential retail categories.

Competition and Market Risks

Bangkoks retail sector remains resilient in 2025 with overall vacancy at 4.71% and footfall recovery post-pandemic, yet Mercantile Place faces stiff competition from mega-centers like ICONSIAM and Emporium, which offer superior amenities and higher tourist influx. Accessibility via public transit is a plus, but road access issues and parking limitations deter family shoppers. Potential challenges include infrastructure upgrades needed for HVAC and escalators, increasing operational costs, and category saturation leading to promotional wars. Retailers should assess lease terms for escalation clauses and exit options in this competitive environment where prime CBD rents continue modest 1-3% rises.