In 2022, we have witnessed economic recovery advances that opened the way for industrial real estate growth. With the increasing demand for warehouse rental but limited land funds, the price and quality of warehouses for rent in Ho Chi Minh City have reached the highest thresholds in the southern region. However, warehouses in the city still have outstanding advantages in terms of economy, costs, and operations that many businesses can’t turn away from when participating in the southern market of Vietnam.
An Overview of Warehouse for rent Ho Chi Minh City in 2022
The economic recovery of Ho Chi Minh City has brought positive signs for the industrial real estate industry in the city to have strong growth momentum. Welcoming the wave of shifting production lines from China has brought outstanding opportunities for warehouse storage space for rent in Ho Chi Minh City and industrial real estate in the country.
The wave of shifting production lines from China to Vietnam opens up many opportunities for industrial real estate.
Up to now, in the first 6 months of the year, the occupancy rate of the southern industrial zones has reached 90%, and the number of industrial land and warehouse rental requests has also increased sharply, by 10% and 7%, respectively, over the same period in 2021. Thanks to the outstanding occupancy rate, the rental price of warehouses and industrial land also increased by 8–13% in the southern provinces. In particular, some typical projects in new industrial zones have increased rents by up to 26%.
In Ho Chi Minh City, the rental price of real estate is the highest in the country, reaching 200 USD/m2. It is forecast that it may continue to increase in the near future, when the land fund in IPs is exhausted but the rental demand is still high.
These factors have pushed warehouses for rent in Ho Chi Minh City in particular and industrial real estate in general to skyrocket, reaching the highest level in the region.
Outstanding standards of warehouses in Ho Chi Minh
Most of Ho Chi Minh City’s warehouses are built in areas with developed infrastructure to meet the needs of businesses. Depending on the type of warehouse, there will be certain standards to ensure safety when using: power supply, water supply, drainage system, fire protection, emergency exit, and convenient traffic for the operation of enterprises.
For example, chemical warehouses will ensure safety principles on fire and explosion risks and classify chemicals to ensure they do not cause dangerous chemical reactions in warehouses. In particular, they will have to comply with the standards specified in TCVN 2622:1995.
Warehouses for rent in Ho Chi Minh City have the best quality in the area
Service in Ho Chi Minh City is evaluated at a high level of perfection and quality, so when renting a warehouse in Ho Chi Minh, you will receive the following 5 benefits:
– Ho Chi Minh City is one of the economic centers of Vietnam, with a large population, many businesses, and large purchasing power, making it convenient for business development.
– Abundant and highly skilled labor resources can meet all jobs from basic to highly specialized stages, helping businesses build a quality workforce.
– Optimization of time to go into operation: renting warehouses and workshops Enterprises can go into operation immediately after signing the contract, saving time and ensuring production and business efficiency.
– Ho Chi Minh City has a system of seaports, highways, airports, etc. to meet the needs of inter-provincial and international freight, saving costs and time for the distribution system.
– A warehouse for rent in HCMC has many support services, reducing the burden of loading, containers, security, trucks, management,…
Read more: The factory market for sale in Vietnam is a bright spot for industrial real estate in 2022
Industrial Savills Vietnam, specializing in providing warehouse leasing solutions in Ho Chi Minh City, has flexible land usages, diverse needs, and high-quality
Savills Vietnam is a leading corporation specializing in providing solutions for warehouse for rent Ho Chi Minh City, with full consulting services and extensive market experience from leading real estate experts to assist you in finding a rental solution that fits your budget, size, and desired location.
Savills – The leading and most prestigious unit providing the largest factory rental service in Vietnam
With a team of experienced consultants, we provide a professional and transparent consulting process to help customers understand the service and thoroughly solve problems for customers who rent warehouses or factories in Hanoi, Vietnam.
Savills Vietnam has a lot of warehouses in Ho Chi Minh spread throughout the districts, especially near arterial roads, helping businesses to conveniently transport goods and save costs. You can refer to some of our warehouse projects below:
Factory for rent in Binh Tan District, Ho Chi Minh
+ Area of the whole area: 11,915 m2
+ Minimum lease term: 3 years
+ Load capacity: 1 ton/m2.
+ Ceiling Height: 4 to 4.5 m
+ Contact Savills Vietnam for pricing.
Factory in Binh Tan, convenient location near industrial zones, and gateway to exchanges with western provinces
Ready-built factory for rent in Cu Chi
+ Area of the whole area: 62,144 m2
+ Minimum lease term: 3 years
+ Load capacity: 2 tons/m2
+ Ceiling Height: 7.5–11 m
+ Contact Savills Vietnam for pricing.
Cu Chi factory for rent, competitive price, modern equipment system
Read more: Data center in Vietnam: The inevitable investment trend in the industrial real estate industry in the next 5 years
Conclusion
The strong growth of the industrial real estate market has opened up many opportunities for warehouse leasing/buying services in Ho Chi Minh City. However, businesses still face many challenges in terms of their ability to meet demand, and the rental price is higher than in the suburban areas. In addition, the city’s industrial real estate has always been a potential market for businesses in many different fields and industries.
If you are in need of advice on warehouse for rent Ho Chi Minh City, please contact us immediately, either Mr. John Campbell via our hotline: 0986.718.337 or Savills Vietnam’s senior team of experts, for detailed advice on types of warehouses and prices suitable for your finances.
In addition, you can refer to industrial real estate projects at Savills Industrial here.
