Southern industrial real estate market vibrant in Q3

  • The Long Hau IP in Can Giuoc district, Long An province. VNA Photo: Minh Hưng
    The Long Hau IP in Can Giuoc district, Long An province. VNA Photo: Minh Hưng
  • A Cobi Logis warehouse for logistics services of the Cobi Group at the Long Hau IP in Can Giuoc district, Long An province. VNA Photo: Minh Hưng
    A Cobi Logis warehouse for logistics services of the Cobi Group at the Long Hau IP in Can Giuoc district, Long An province. VNA Photo: Minh Hưng
  • A high-rise factory building is ready for rent at the Long Hau IP in Can Giuoc district, Long An province. VNA Photo: Minh Hưng
    A high-rise factory building is ready for rent at the Long Hau IP in Can Giuoc district, Long An province. VNA Photo: Minh Hưng
  • A cold storage of the Japanese-invested Vietnam Yokorei Co. Ltd is under construction at the Phu An Thanh IP, Ben Luc district, Long An province. VNA Photo: Minh Hưng
    A cold storage of the Japanese-invested Vietnam Yokorei Co. Ltd is under construction at the Phu An Thanh IP, Ben Luc district, Long An province. VNA Photo: Minh Hưng
  • A new plant of the Coca Cola Beverages Vietnam Co. Ltd is under construction at the Phu An Thanh IP, Ben Luc district, Long An province. VNA Photo: Minh Hưng
    A new plant of the Coca Cola Beverages Vietnam Co. Ltd is under construction at the Phu An Thanh IP, Ben Luc district, Long An province. VNA Photo: Minh Hưng
The industrial real estate market in the south was vibrant and thriving in the third quarter, with many ready-built factories and warehouses entering the market, according to real estate research companies. Cushman & Wakefield forecast that between now and 2026, the future supply is estimated at around 5,700ha, mainly coming from Binh Duong, Dong Nai, Long An, and Ba Ria-Vung Tau provinces. It said the outlook for the ready-built factory market will remain vibrant, with approximately 2.5 million sq.m of ready-built factory space introduced to the market from late 2023 to 2026, with the participation of both domestic and foreign investors. As of 2023, Vietnam has a total of 397 IPs covering a total land area of 122,900 ha. Of which, 292 IPs covering more than 87,100ha are operating, while 106 others are under construction with a total area of 35,700ha. IPs across the country have high occupancy rates of over 80%. The northern provinces record 83% while the southern region 91%. VNA Photo: Minh Hưng

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