(PLO) – Overseas buyers maintain practically 75% of the market share of flooring, factories and warehouses for lease by 2023 in Vietnam.
Based on the report “Vietnam Logistics: Sturdy enlargement of overseas buyers”, market analysis unit and recommendation FiinGroup Vietnam recorded regardless of the worldwide recession, the sector warehouse for lease Vietnam continues to increase. By 2023, the availability scale will attain practically 3.9 million m2 flooring
Make investments closely in warehouses
FiinGroup stated that the annual development fee within the interval 2020-2023 of market That is 23% and can stay excessive within the coming interval.
This is among the explanation why storage continues to be an important space within the sector logistics full capital Eyes in Vietnam.
MarketWarehouse in Vietnam additionally registered the lively participation of each home and overseas buyers with giant sources. Among the many most lively gamers are Mapletree, SLP, JD Property, Gemadept and Transimex.
Particularly, overseas buyers dominate at the moment’s warehouse market with practically 75% of the warehouse flooring market share, workshop for lease in 2023.
Amongst them, three overseas giants Mapletree, BW Industrial and SLP account for 46% of the market share by area.
For instance, Mapletree from Singapore, at the moment leads the trade with 922,000 m22 flooring, nearly twice as a lot as its second tier competitor, BW Industrial. Mapletree is actively increasing its warehouse portfolio in Vietnam with giant logistics facilities in Bac Ninh, Hung Yen and Binh Duong provinces, every with 12-24 warehouses.
And BW Industrial and NPL Logistics can Make an evaluation two rising stars in at the moment’s warehouse market in Vietnam, with 22 new warehouses in North and South Vietnam within the interval 2020-2022.
As well as, the market registered many creating home enterprises actual property logistics resembling ICD ST, NPL Logistics or Gemadept with warehouse areas of 172,000, 126,000 and 114,000 m respectively2. Presently, home enterprises account for greater than 25% of the market share.
Most of at the moment’s warehouses are situated in manufacturing / provide facilities of 5 provinces, together with: Binh Duong, Lengthy An, Bac Ninh, Hung Yen and Dong Nai.
The warehouse rental market has plenty of potential
Based on FiinGroup statistics, 25 warehouse initiatives are anticipated to be carried out within the interval 2024-2027, with an extra whole space of 1,870 million m.2.
In reality, in line with Mapletree’s plan, in 2025 it would full the mission in Bac Ninh with an estimated efficient space of as much as 198,000 m2.2or the BW Industrial mission with roughly 243,000 m22 The warehouse in Dong Nai is anticipated to be operational in 2026.
Home and overseas buyers are actively creating logistics infrastructure, particularly trendy warehouses in Vietnam. That is to encourage rising demand from manufacturing giants and retail chains e-commercelogistics corporations in addition to different industrial actions.
FiinGroup believes that warehousing will stay one of the promising logistics sectors in Vietnam sooner or later, attracting funds from home and overseas buyers.
Based on a current report by the market analysis unit CBRE, demand for warehouses for lease and for lease within the first quarter of 2024 continues to keep up an excellent degree. The occupancy fee of accomplished warehouses and accomplished factories within the first quarter within the North reached over 70% and 87%, respectively, and within the South reached 57% and 87%, respectively.
Warehouse rental value estimated to keep up a steady fee reaching the brink of 4.7 – 4.9 USD / m2/ month, whereas manufacturing facility rental costs elevated by 3.9% 12 months on 12 months.
CBRE believes that the principle funding and enlargement of such areas expertise Excessive development, renewable power, e-commerce, and semiconductor supplies have boosted the demand for warehouse leases on the whole not too long ago.
