Industrial Report | 2023
Vietnam’s industrial real estate sector has witnessed significant growth compared to other sectors, although it has encountered several challenges. The average land leasing price in Southern region was the highest in the country, with over 135 USD/sqm/lease – term. Followed by Northern region was at 110 USD/ sqm/lease – term and Central region was at over 50 USD/sqm/lease – term. Regarding the factory and warehouse price averaged from 4 – 4.7 USD/ sqm/month in Northern region, cap rate was 5 – 7 %. In the Central region, the average rental price averaged from 3 to 3.2 USD/sqm/month, with a cap rate of 3-5%. In the Southern region, the average rental price ranged from 4.5 to 5 USD/sqm/month, with a cap rate of 6-8%.
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