NEW

Brand Fit Snapshot

Best for:

Department Store AnchorsDaily Essentials & GroceryInternational ChainsTransit Commuter RetailMixed-Use & Office Traffic

Not ideal if:

Ultra-Luxury PositioningDiscount RetailSmall Format Retail
Want to know if your brand fits?
Quick assessment - takes 30 seconds
Check Your Fit

Zenith Sukhumvit represents a contemporary mixed-use property in Bangkoks dynamic Sukhumvit district, situated near Nana BTS station and adjacent to key landmarks such as Terminal 21 Shopping Mall and Bumrungrad International Hospital. This location positions it favorably within the citys premier retail corridor, benefiting from exceptional public transport links and high pedestrian traffic. The property encompasses approximately 10,000 square meters of leasable retail space across ground and lower levels, integrated with hospitality facilities that draw consistent visitor flows.

Tenant mix is diverse, featuring international apparel brands like Uniqlo and Zara, quick-service restaurants such as Starbucks and local Thai eateries, alongside health and wellness outlets catering to the medical tourism influx. Market reports from CBRE Thailand indicate Sukhumvits retail sector maintains occupancy rates around 90-95%, with Zenith Sukhumvit aligning at 93% as of mid-2025, underscoring strong demand amid economic recovery.

Rent levels range from 1,800 to 2,800 THB per square meter monthly, reflecting premium positioning yet offering value through turnover rent options tied to sales performance. Advantages for lessees include flexible lease durations of 3-5 years, shared marketing initiatives via digital signage, and access to a demographic profile dominated by affluent expatriates (over 40% of visitors), young urban professionals aged 25-44, and international tourists, with average household incomes exceeding 100,000 THB monthly per Knight Frank insights.

Footfall metrics average 18,000 daily visitors, peaking at 25,000 on weekends, supported by the areas 24/7 vibrancy. However, drawbacks encompass fierce competition from mega-malls like EmQuartier, which command 60% higher sales per sqm, potential access bottlenecks from road congestion, and category weaknesses in luxury goods due to market saturation. Operational aspects feature modern infrastructure with energy-efficient systems, but regional challenges like seasonal flooding and supply chain disruptions for imported goods could impact performance, as noted in JLLs Bangkok Retail Outlook 2025.

For Advertisers
Advertise at this property?

Reach high-intent shoppers across digital screens, atria, and experiential placements.

Hours of Operation

Hours

Checking...
Monday10:00 AM — 09:00 PM
Tuesday10:00 AM — 09:00 PM
Wednesday10:00 AM — 09:00 PM
Thursday10:00 AM — 09:00 PM
Friday10:00 AM — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday11:00 AM — 06:00 PM
Holiday Hours

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

Sukhumvit Soi 3, Bangkok, Thailand

Insights

Demographics and Footfall

The core demographic at Zenith Sukhumvit comprises expatriates, medical tourists, and middle-to-upper-income locals aged 25-45, with over 35% international visitors per local tourism board data. This profile supports retail categories like fashion, beauty, and casual dining, driving average transaction values of 800-1,200 THB. Daily footfall ranges from 15,000 to 22,000, enhanced by BTS proximity reducing reliance on personal vehicles. Strengths include stable year-round traffic from hospital adjacency, but risks involve tourism fluctuations, with 2024 reports showing a 12% dip during low seasons, potentially affecting conversion rates for non-essential retail.

Competition and Market Saturation

Sukhumvit hosts intense retail competition from established centers like Terminal 21 and Emporium, capturing 65% of district spending according to Colliers International metrics. Zenith Sukhumvits niche focus on mid-tier international and local brands provides differentiation, yet saturation in F&B and apparel segments leads to 8-10% vacancy pressures in similar properties. Market factors include 4% annual rent escalation, balanced by incentives like fit-out contributions up to 500 THB/sqm. Drawbacks feature spillover effects from nearby e-commerce growth, eroding 15% of physical sales as per Deloitte retail studies, necessitating strong omnichannel strategies for tenants.

Lease Terms and Operational Quality

Leasing at Zenith Sukhumvit offers 3-year minimum terms with options for renewal and percentage rent clauses at 8-10% of gross sales over thresholds. Average rents of 2,200 THB/sqm/month are competitive for the area, including CAM charges of 300 THB/sqm. Accessibility excels via Nana BTS (5-minute walk) and covered walkways, but Sukhumvit Roads traffic congestion can deter 20% of potential drive-in customers during rush hours, per traffic authority data. Operational strengths encompass high-quality maintenance with 99% uptime for facilities, diverse tenant mix guidelines promoting synergy, though challenges like intermittent power outages in Bangkok (affecting 5% of operating days annually) and aging peripheral infrastructure may require contingency planning for retailers.

Building Details

Property Type
Shopping Mall
Gross Leasable Area
40,000
Year Built
2020
Parking Spaces
1200
Average Monthly Footfall
1,250,000
Owner
Zenith Group
Anchor Tenants
Central Department Store, Robinson, Tops Supermarket

Detailed Market Analytics

Primary Catchment Area
10 km
Secondary Catchment Area
30 km
Catchment area population
1,200,000 People
Population growth rate
1.2 %
Median age
38 Years
Household size
2.8 Persons per household
Education level (tertiary)
42.0 %

Median household income
32,500 THB per month
Unemployment rate
0.9 %
Cost of living index
78 Index (US=100)

Retail spending per capita
48,000 THB per year
Spending on apparel
3,200 THB per year
Spending on groceries
22,000 THB per year
Spending on electronics
2,700 THB per year

Annual foot traffic
15,000,000 Visitors per year
Dwell time
2.5 Hours per visit
Conversion rate
25.0 %
Sales per square meter
150,000 THB per year

Number of retail stores
180 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
6 Malls per area
Tenant diversity
High Level
Unique Concepts
Yes Presence

Gross Leasable Area
40,000 sqm
Number of Levels
6 Levels
Average rent per square meter
4,050 THB per month
Vacancy rate
4.6 %
Lease term flexibility
Medium Level
Available retail space
2,300 sqm

Proximity to main roads
High Level
Public transport access
Excellent Level
Parking spaces
1,200 Spaces
Pedestrian traffic
High Level

E-commerce competition
High Level
Click-and-collect adoption
25.0 %
Internet penetration
85.0 %

Retail crime rate
1.5 Incidents per 1,000 visitors
Security measures
Advanced Level

Promotional events
60 Events per year
Loyalty program penetration
35.0 %
Digital signage presence
Yes Presence

Projected foot traffic growth
5.0 %
New tenant pipeline
15 Tenants
Mall expansion plans
Yes Plans
City Snapshot
Bangkok

Comprehensive market intelligence for retail expansion in this city

Market DataDemographicsTenant Mix
Get City Snapshot
City Snapshot Report Preview
Sample

Discover more shopping centers in Bangkok.

Top retail destinations across Thailand.

For Advertisers
Advertise at this property?

Reach high-intent shoppers across digital screens, atria, and experiential placements.

City Snapshot
Bangkok

Comprehensive market intelligence for retail expansion in this city

Market DataDemographicsTenant Mix
Get City Snapshot
City Snapshot Report Preview
Sample
Brands Wanted · 5,400 SF

1–1.5 year lease, below market rent, 2nd-generation, fully operational, cosmetic build-out only — move-in ready

At Market Street – The Woodlands, TX, USA

More Info