Experts say that the industrial real estate market will continue to take off despite being affected by the crisis of the macroeconomy. In particular, the industrial warehouse space for lease in Ho Chi Minh City will continue to grow strongly in 2023, with the most attractive rental rates in the country.
Ho Chi Minh City leads the country in the growth of industrial real estate rents
Despite being affected by the macroeconomic situation, FDI capital into Ho Chi Minh City still leads the country’s total registered capital with more than 3.94 billion USD, accounting for 14.2% of the total registered capital. and increased by 5.4% over the same period last year. This shows that the Ho Chi Minh City area is still very attractive to investors in the context of the global supply shift that is still taking place.
However, the limited industrial land fund is still something that makes investors nervous when pouring capital into this market. The reason comes from the fact that the occupancy rate of industrial zones is high—about 95% for 4,100 ha of industrial land. The IPs have not yet determined the rental rate with the state, and the compensation work has not been completed while the new IPs are slow to develop. In the context of strong rental demand, these factors cause real estate rental prices to anchor high.
Ho Chi Minh City is still forecasted to have the leading industrial real estate growth rate in the country in 2023
The industrial warehouse rental market in Ho Minh City recorded the highest level in the country, ranging from 180 to 300 USD/m2/lease cycle. Long An has an average rental price of 125–275 USD/m2/lease cycle. The average rental price in Binh Duong is between 100 and 250 USD/m2/lease cycle. Finally, in Dong Nai, the rental price is around 100–200 USD/m2/lease cycle.
In the next 3 years, the supply of real estate in the South will be concentrated mainly in the Binh Duong area, with more than 60% of the land bank being expanded, so the rental price in Ho Chi Minh City will grow even more strongly.
Industrial warehouse leasing: a solution that balances the benefits of many FDI enterprises and SMEs
In 2023, industrial real estate is still predicted by experts to be a segment that will continue to grow strongly. With available advantages in terms of infrastructure, resources, and policies to attract investment, Ho Chi Minh City is still a market full of opportunities for businesses.
To participate in the market of Ho Chi Minh City in particular and the southern region in general, using industrial warehouse space for lease in Ho Chi Minh will be an option to help balance the interests of FDI enterprises and domestic SMEs.
Leasing industrial facilities helps balance the interests of domestic and foreign enterprises.
Warehouse rental is the optimal solution that FDI enterprises always choose when participating in any market. This form not only helps foreign enterprises balance the benefits, costs, and profits in the process of penetrating and surveying a new market. Not only that, the rental factories will optimize investment costs, optimize operation problems, and easily choose convenient locations and infrastructure suitable for business needs. With the government’s support policies for renting real estate in industrial zones, they also receive a lot of tax incentives.
Furthermore, domestic SMEs have always been critical to the overall functioning of the market economy system. Given the scarcity of land in Ho Chi Minh City, SMEs can choose to rent industrial warehouses. Typically, the capital potential is limited, so renting a warehouse will optimize construction, investment, and operating costs. Focusing capital on market access goals and creating supply chains to harmonize benefits with large enterprises.
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Savills Vietnam is the leading corporation in industrial real estate for rent in Ho Chi Minh City, with competitive prices and full-service support
Savills Vietnam offers a full package of industrial real estate services, including: building a systematic transaction strategy to meet the needs of tenants; increasing real estate value; avoiding risk traps; and consulting on the transfer and development of industrial real estate projects.
Savills Vietnam is the leading company in Vietnam for renting industrial warehouses in Ho Chi Minh City.
With the advantages of price, variety of types, and convenient location, Savills Viet has become a partner of many multinational corporations and enterprises, including Shopee, Broad-Ocean, Medtronic, Framas, and others in the Ho Chi Minh City area.
A team of over 2,500 highly specialized professionals, with a close connection between all levels and a clear and comprehensive consulting process system, assists investors and businesses in answering project-related questions. From there, we build trust in order to make Savills Vietnam a trustworthy partner when investing in the real estate projects that we offer.
Ready-built factory for rent in Cu Chi
– Area of the whole area: 62,144 m2
– Vacant area: 28,000 m2
– Minimum lease term: 3 years
– Load capacity: 2 tons/m2
– Ceiling Height: 7.5–11 m
– Price: Contact Savills Vietnam
Cu Chi factory for rent, competitive price, modern equipment system
Factory for rent in Binh Tan District, Ho Chi Minh
– Area of the whole area: 11,915 m2
– Vacant area: 6,000 m2
– Minimum lease term: 3 years
– Load capacity: 1 ton/m2
– Ceiling Height: 4 to 4.5 m
– Price: Contact Savills Vietnam
Factory in Binh Tan, convenient location near industrial zones, and gateway to exchanges with western provinces
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Conclusion
Industrial warehouse space for lease in Ho Chi Minh City is scarce, while the demand for renting warehouses and factories has increased, which has pulled the rental price of industrial real estate in this area to the highest level in the country. However, this is still a potential market for FDI enterprises and domestic SMEs to penetrate and do business in.
If you are in need of industrial warehouses for rent in Ho Chi Minh City with preferential prices and maximum support services; please contact Mr. John Campbell at 0986.718.337 or a Savills Vietnam Consultant. We will determine the needs, budget, and industry to advise on the warehouse and workshop that best suit your investment and business orientation.
In addition, you can refer to industrial real estate projects at Savills Industrial here.
