The growing supply of industrial real estate in Vietnam has fueled expansion across various industries. However, the recently announced land price list has raised concerns among lessors and lessees, as it may trigger escalating rent prices and disrupt market stability. Rentals climb 5-10% per year Research by Cushman & Wakefield highlights a significant year-over-year increase in industrial real estate supply. As of Q3 2024, key economic zones in the north and the south remain attractive hubs for investment. Industrial park land now spans over 41,000 hectares with an occupancy rate of 77%. The average ask rent is US$154 per square meter per lease term. Ready-built factories offer 10.3 million square meters of floor space, with a 76% occupancy rate and an average rent of US$4.8 per square meter per month. Ready-built warehouses provide 7.7 million square meters of floor space at a 77% occupancy rate, with rents averaging US$4.6 per square meter per month. Overall, Vietnam’s industrial real estate occupancy rate exceeds 75%. High-value sectors such as electronics, semiconductors, solar energy, and electric vehicles (EVs) are driving demand. These industries are not only boosting the industrial real estate market but also shaping its future and attracting further investment. Manufacturing and […]
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