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Adding new supply, demand for industrial real estate continues to increase

The industrial real estate (real estate) market continues to send positive signals as new supply continues to be added, transaction rates, rental demand and industrial real estate rental capacity in the quarter. III all increased.

The Department of Housing and Real Estate Market Management (Ministry of Construction) said that in the third quarter of 2023, the industrial real estate market will be supplemented with new supply from a number of newly started projects such as: VSIP II scale 500 hectares in Nghe An; VSIP Can Tho has a scale of 900 hectares; VSIP Bac Ninh II with a scale of 282 hectares, Gia Binh Industrial Park II with a scale of 250 hectares in Bac Ninh; Long Thanh high-tech industrial park with a scale of 410 hectares in Dong Nai...

The amount of FDI capital in the processing and manufacturing industry in the first 9 months of 2023 continues to lead in total investment capital with more than 14 billion USD, accounting for nearly 69.3% of total registered investment capital and an increase of 15%. .5% over the same period in 2022 along with the trend of shifting industrial real estate investment capital flows of multinational corporations into Vietnam in recent times has impacted the demand for industrial park real estate to increase. Positive growth in 2023.

Notably, industrial real estate in the northern region has high demand from the electronics sector, while in the southern region it is the automobile, garment and packaging manufacturing groups.

According to surveys of a number of real estate service organizations, rental demand and rental capacity for industrial real estate in the third quarter of 2023 tend to increase slightly compared to the previous quarter.

Industrial park occupancy rates in key northern and southern markets are maintained at around 85% to 90% for both types of industrial land, factories and ready-built warehouses.

The transaction rate of industrial land increased by about 5.9% compared to the previous quarter, overall in the first 9 months of 2023 is 20% higher than the whole of 2022.

The average rental price in industrial parks in the third quarter of 2023 is basically stable compared to the second quarter of 2023 (the average industrial land rental price in tier 1 markets in the South reached 189 USD/m2/term). The rest, a slight increase of 1% compared to the previous quarter and 13% higher than the same period last year).

Source: baochinhphu