Southeast Asia is one of the most potential industry for the warehouse leasing market because of the fast growth of economy and population. However, considering an office warehouse for lease in Southeast Asia is a big problem due to the fact that the quality of warehouses in Southeast Asia is not commensurate with the development. Thus, it is important to take into consideration a list of criterias before selecting for businesses.
Prices
When deciding on an office warehouse for lease in Southeast Asia, one of the most important elements to consider is the pricing. Although Southeast Asia is the region which has the cheapest rental prices, there is a big gap among different areas. Choose a provider that is open about the operational, distributional, and other fees involved with their product. A provider with a solid financial strategy can respond quickly to your request and you can rely on them to provide high-quality service.
Location
The importance of location in locating items near to clients for cost-effective and timely delivery cannot be overstated. Companies may choose the best warehouse site by calculating transportation expenses to and from the warehouse, including final-mile distances to end consumers. It is worth noting that consumers’ expectations for transport time are now frequently expressed in hours rather than days.
Transportation network
The connection to main transportation networks will make the shipping procedure more efficient. The ideal warehouse site will strike the correct mix between closeness to the manufacturing plant and distance from clients. The goal is generally to be close to the delivery area, with fast access to major roads or highways – while reducing any traffic issues, which becomes more challenging as population density grows. All of these carrier difficulties will have a significant influence on total transportation costs, which account for more than half of FMCG businesses’ logistic expenditures.
Incentives
It is also critical to seek any tax relief to help offset expenditures. Tax regimes and incentives have a significant direct and indirect influence on storage costs. Pay particular attention to business-related taxes such as inventory tax, franchise tax, and so on, as well as personal taxes that will affect you and your employees such as income tax, sales tax, and property tax rates, while considering potential warehouse sites.
Labor Force
Labor force availability is one of the biggest weaknesses of office warehouses for lease in Southeast Asia. The lack of both quantity and quality of human resources in operating warehouses can prevent funding from investors. Therefore, appropriate labor force is the key consideration when selecting warehouses for businesses.
The best location for workforce availability strikes the ideal blend of income and educational achievement. Knowing your labor requirements and how they compare to those of the facility are critical for on-time delivery and future expansion. Will the warehousing facility be open on the second and third shifts (24 hours a day)? Is there a competitor firm nearby that will stifle expansion by restricting available worker capacity?
Savills Industrial – experienced office warehouse provider in Vietnam
Advantages of Savills Industrial
Savills Industrials is the best warehouse provider in Vietnam
Savills Industrials is proud to be the most reliable office warehouse providers in Vietnam. Our success and strength derive from our ability to deliver an integrated solution that brings together individuals with knowledge in a variety of related service lines. This includes corporate real estate, fundraising, building consultation, project management, leasing consultancy, investment, valuation, planning, and development, all of which are backed by a specialized research function. With this integrated Vietnam network of specialists, it is possible to constantly monitor and track activities across local, regional, and national markets.
The team aids and advises some of the industry’s largest and most active participants, including funds/investors, developers, and occupiers. In every case, we prioritize client communication and on-time delivery.
Read more: The Emerging Trend of Industrial Park Leasing in Southeast Asia
Available office warehouse for lease
Ready-Built Warehouse in Ben Luc – Long An
Total area: 110,000m²
Vacant area: 5,888m²
Price: Contact
Key features
- Strategic location
- Link between HCMC and the MeKong Delta
- High-tech security and infrastructure.
- Competitive wage structure
- Ideal for tenants in the food and beverage, pharmacy, importers, wholesalers, and last-mile delivery industries.
Ready-Built Warehouse in Ben Luc – Long An
Ready-Built Warehouse in Binh Chanh – Ho Chi Minh City
Total area: 46,000 m²
Vacant area: TBC
Price: Contact
Key features
- Connected to Vanh Dai 3 and is only 05 minutes from Binh Tan District.
- Suited to last-mile delivery, 3PLs, retail, e-commerce
- The property is located in Ho Chi Minh City, Vietnam’s premier economic center, which is expanding rapidly and boasts a huge, skilled workforce.
Ready-Built Warehouse in Binh Chanh – Ho Chi Minh City
Ready-Built Warehouse in Di An – Binh Duong
Total area: 38,000m²
Vacant area: TBC
Price: Contact
Key features:
- Southern Key Economic Zone
- Best for transportation in Southern area
- It is appropriate for distribution tenants and welcomes all businesses.
- The park’s 24-hour security, fencing, CCTV, and automated entry/exit system help the property.
Ready-Built Warehouse in Di An – Binh Duong
Conclusion
These are only five elements to consider when choosing an office warehouse for lease in Southeast Asia; there are certainly many more to consider depending on your company’s specific needs.
If you’re looking for an office warehouse for rent in Vietnam, Savills Industrials Vietnam provides a variety of services, including specialized contract warehousing and multi-client/shared warehousing. Contact our consultants now to determine which choice is best for you.
