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Industrial land rentals rise

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Industrial land rentals rise
Tan Tao industrial park in HCMC. Picture by VnExpress/Quynh Tran.

Leases for industrial lands in HCMC elevated within the second quarter regardless of the renewed Covid-19 outbreak, in line with actual property providers supplier Colliers Vietnam.

The typical lease stood at $175 per sq. meter within the second quarter, the best within the nation, after rising barely from a yr earlier, it mentioned in its second-quarter report on industrial actual property. However, there was a slowdown in transactions from April when Covid resurged.

The typical occupancy charge of commercial parks was 85 %.

Within the northern area, Hanoi led with $140. Its common occupancy charge was 90 %.

Many traders are in search of industrial lands within the northern provinces of Hung Yen and Hai Duong for increasing manufacturing.

The leasing of commercial lands and ready-built serviced factories is more likely to be disrupted because of the pandemic’s speedy unfold and penetration into industrial parks.

Based on JLL Vietnam’s newest regional industrial actual property report, the typical leases in HCMC and the 4 southern provinces of Binh Duong, Dong Nai, Lengthy An, and Ba Ria Vung Tau were $113 per sq. meter, up 7.1 %.

The typical for the north stood at $107, a 5.9 % rise however slowing down from the primary quarter.

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Rachel Ha
Industrial and agricultural product enthusiast. Expert on Vietnam economy. Focus on FTA agreements between Vietnam and other countries.
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