How much is it for factory for rent Ho Chi Minh City? This is a question that many people are having as more and more businesses are returning to the city after a long period of global supply chain breakage. Savills Vietnam will help you find out more about outstanding factories for rent in the city and their prices.
Rent a factory or build a new one? Which is better for businesses?
Many businesses have to carefully consider this question when starting out or expanding their markets. Both options have their advantages and disadvantages, and greatly depend on a business’s size, financial capability, and development goal.
To build a brand new factory, businesses have to spend a great deal of time planning and preparing many steps, such as renting land plots, designing, construction, etc. This will help them acquire a factory that suits their specific needs in infrastructure and location, but it is not an easy task.
Building a factory requires financial power, long-term development strategies, and an experienced managerial workforce. Not many small-to-medium-sized enterprises (SMEs) or foreign investors can easily satisfy such demands.
Meanwhile, renting a factory is a fast and suitable option for many SMEs and foreign investors. Pre-built factories have complete utilities and infrastructure, come in a wide variety of sizes, and are located near industrial parks and clusters, which facilitate trade. This helps businesses save time and manpower so they can set up and begin operations quickly.
There are still drawbacks to consider, such as the fact that fees for short-term rentals tend to be higher than those for long-term rentals. There have also been many cases of businesses getting scammed due to market manipulation, making it harder for new businesses to find trustworthy rental services.
Nevertheless, factory rental service packages are a great solution for storage and factory requirements when expanding a business, especially in Vietnam.
The 4 Factors that would affect Factory for rent HCM City
Rent fees are always important to consider when looking for a factory. Here are four factors that will affect the quality of factories, and subsequently their rent fees.
– Good locations, great traffic connectivity, being near highways and industrial parks, etc. greatly affect a factory’s rent fees. Factories at the city center are especially costly.
– A factory’s size correlates to its rent fees, so businesses need to carefully consider their plans and how big they really need their factories to be.
– Utilities and infrastructure, such as fire safety systems, sewage, electricity, etc., are included in most prebuilt factories. The better the utilities, the higher the rent.
– Accompanying services (loaders, security guards, container services, etc.) also affect rent fees. Renting a factory with these services means businesses do not need to seek extra services from outside.
Factories for rent in HCM City come in a wide variety of prices, but on average they cost around $143-150/m2/month, and they can be cheaper or more expensive depending on the four above factors. However, rental fees can be affected by market manipulation tricks, which have been causing issues for businesses. Which is why, finding a trustworthy supplier of reasonably-priced factory for rent Ho Chi Minh City is very important.
Read more: Bonded Warehouse in Vietnam Plays an Important Role in Vietnam Warehouse Market
Industrial Savills Vietnam – Provider of factory for rent Ho Chi Minh City with Comprehensive Services
The huge demand of factories for rent has led to a massive boom of suppliers, but not all of them can provide high quality factories and services. Businesses need to choose reputable partners to ensure that their operations can be carried out successfully.
With regards to a trustworthy provider of factories for rent, one has to mention Savills, one of the top real estate companies in the world.
Established in 1995 with only two offices in Hanoi and HCM City, Savills Vietnam is one of the biggest providers of factories for rent in Vietnam.
With its teams of experienced consultants and constantly expanding operations, Savills Industrial Vietnam has a firm grasp of the development potential of many regions across HCM City, allowing it to supply high-quality, competitive industrial real estate solutions to businesses and organizations in need of renting factories in the city.
Savills Vietnam currently has many excellent factory for rent Ho Chi Minh City, whose prices are among the most competitive in the market. Here are some factories for you to consider:
– Total area: 62,144m2
– Available space: 28,000m2
– Floor loading capacity: 2 tonnes/m2
– Ceiling height: 7.5 – 11m
– Rent fee: Contact us
– Total area: 11.915m2
– Available space: 6.000m2
– Floor loading capacity: 1 ton/m2
– Ceiling height: 4 – 4.5m
– Rent fee: Contact us
Read more: Rent a Warehouse for Storage
Renting factories can provide great benefits to businesses, such as saving costs, manpower, and time, and allowing them to start their operation as soon as possible. That’s why this is such a great choice for businesses wanting to invest in HCM City. One should note that rent fees are affected by many factors, so careful considerations, research, and a deep understanding of the market are crucial.
If you are interested in our factory rental service in HCM City, please contact Mr. John Campbell via hotline: 0986.718.337 or a Savills Vietnam consultant to receive a detailed consultation on available factories for rent.
In addition, you can find out more about our other industrial real estate products here.