HCM CITY — Rental rates for industrial land in Việt Nam are forecast to slightly increase in the coming time, experts said. For the industrial land market, industrial land rental rates in tier 1 markets of the northern region experienced a slight increase of 1.2 per cent quarter-on-quarter and 7.8 per cent year-on-year, averaging US$133 per sq.m. Meanwhile, industrial land rental rates in tier 1 markets of the southern region remained stable at $189 per sq.m, showing year-on-year growth of 2.4 per cent. However, in the southern market, due to relatively limited industrial land availability, the occupancy rate remained stable at 92 per cent with an absorption area of just over 20 hectares. The average rental price for ready-built warehouses and factories in tier 1 markets reached $4.7 and $4.9 per sq.m per month, respectively.
