Vietnam’s logistics and industrial property market continues to attract attention from investors and enterprises seeking warehouse space for lease. With growing trade flows, e-commerce expansion, and manufacturing relocation, warehouse demand remains robust — particularly in major economic hubs across the country.
Strong Demand and Market Overview
According to recent insights, the demand for warehouse and factory leasing in Vietnam remains high, especially in the southern provinces such as Binh Duong, Dong Nai, Long An, and Ho Chi Minh City. In these areas, ready-built warehouse and factory occupancy rates reach approximately 85–90%, demonstrating the strong absorption capacity of the market.
The northern region, particularly Bac Ninh, Hai Phong, also shows rising interest thanks to its proximity to ports and industrial zones that serve key manufacturing sectors such as electronics and automotive. This growing demand reflects Vietnam’s continued role as a critical link in regional and global supply chains.
As logistics networks expand and infrastructure projects progress, more investors are expected to explore leasing opportunities to support distribution and storage operations. Moreover, the steady inflow of foreign enterprises continues to create a vibrant industrial ecosystem, further fueling demand for high-quality warehouse space.
Rental Prices and Regional Differences
In the northern region, average warehouse rents range from US$4.2 to US$5.2 per square meter per month, depending on location and facility quality. Meanwhile, in the southern provinces, the average rent is slightly higher, ranging from US$5.2 to US$6 per square meter per month. These differences reflect the stronger concentration of manufacturing and export activities in the south, as well as higher demand for logistics and storage space.
Industrial land prices have also shown a steady upward trend over time due to limited supply and increasing interest from both domestic and foreign investors. Despite these increases, Vietnam remains cost-competitive compared to many neighboring Southeast Asian markets.
For businesses, this cost advantage presents a valuable opportunity to establish or expand operations in a market that continues to grow in both scale and sophistication. Moreover, with ongoing infrastructure improvements and supportive government policies, rental prices are expected to remain stable while offering attractive value for long-term investors.
Future Trends and Opportunities
The market for ready-built warehouses in Vietnam is poised for continued expansion as logistics firms and manufacturers increasingly seek flexible, quick-to-operate facilities that can adapt to changing supply chain demands. This growth reflects the country’s ongoing transformation into a major regional logistics and manufacturing hub.
In particular, the northern provinces such as Hai Phong and Bac Ninh are expected to remain key destinations, thanks to their strong infrastructure connections, access to ports, and proximity to industrial clusters that serve export-oriented industries. These advantages will likely attract both domestic investors and multinational corporations aiming to strengthen their presence in northern Vietnam.
At the same time, developers are integrating sustainability and automation into warehouse design, emphasizing green building practices, energy efficiency, and smart management systems. This shift not only meets rising global expectations for sustainable logistics but also enhances operational efficiency. In the long run, such innovations are expected to elevate Vietnam’s competitiveness and position it as a preferred location for next-generation logistics and supply chain solutions.
In conclusion, Vietnam’s warehouse leasing market presents both stability and opportunity. With strategic regional advantages, competitive rental rates, and a growing focus on sustainable development, the country continues to solidify its position as a leading logistics and manufacturing hub in Asia.
Source: KCN Vietnam