Supply of ready-built factories and warehouses in southern Vietnam will increase by 28 per cent this year to 2.7 million square meters.As more companies arrive from China after the pandemic, supply will rise by 25 per cent to two million square meters in the north, real estate consultancy CBRE reported.
It added that the trend of companies seeking to reduce supply chain dependency on China is likely to benefit Vietnam.”Surging demand from foreign manufacturers seeking to relocate to Vietnam – and a desire to commence operations as soon as possible – are driving demand for ready-built industrial properties,” said Thanh Pham, associate director of research and consulting services, CBRE Vietnam.Hieu Le, director of the firm’s industrial leasing services, said demand for warehousing has been mainly driven by e-commerce companies who are expanding storage space and distribution networks.After the pandemic is contained, the average asking rent for warehouses would increase by 4-11 percent, he noted.”There is growing consumption and distribution of groceries and fresh foods, which are set to accelerate occupier demand for temperature-controlled storage.”
