In 2025, the industrial warehouse rental market continues to be an area of interest, especially as Vietnam becomes an attractive destination for both domestic and international investors. Warehouse rental prices are influenced by several factors, including geographical location, infrastructure, and the economic development trends of the region. Understanding these factors, KTG Industrial offers an overview of current warehouse rental prices in industrial zones, helping you make an informed decision that aligns with your business strategy.
What are Warehouse Rental Prices in Vietnam in 2025?
Current warehouse rental prices range from 2 to 6 USD/m².
With Vietnam’s rapidly growing economy, the warehouse rental market in 2025 is expected to experience significant fluctuations. Furthermore, prices will vary depending on factors such as location, size, infrastructure standards, and additional amenities.
Warehouse rental prices in industrial parks will vary depending on the location of the factory.
Current Warehouse Rental Market Situation in Vietnam
The demand for warehouse rentals in Vietnam is increasing, particularly for multifunctional warehouses that serve both storage and production needs. Companies, especially those in light manufacturing and electronics production, are increasingly looking for ready-built warehouses rather than constructing new ones to save on costs and time. In the future, industrial zones and ready-built warehouses will continue to develop to meet the growing needs of the manufacturing and logistics sectors.
According to reports from JLL and CBRE, in Q2 2024, warehouse absorption rates in both the North and South of Vietnam increased significantly due to the shift in production and foreign direct investment (FDI). Rental prices in the South remained stable at around 4.5 USD/m²/month, while in the North, prices ranged from 4.6 to 4.9 USD/m²/month. Prices are expected to continue increasing slightly over the next three years, driven by new supply from major projects in Dong Nai, Bac Ninh, and Hai Phong [1].
According to CBRE, industrial land rental prices in Vietnam are expected to increase slightly by 3-9% annually in the North and 3-7% annually in the South over the next three years. The rental prices for ready-built warehouses and factories are also forecasted to increase by approximately 1-4% per year [2].
Factors Influencing Warehouse Rental Prices in Vietnam
Warehouse Location
Location is the most important factor affecting warehouse rental prices. Warehouses located near city centers, industrial zones, seaports, or airports typically have higher rental prices due to the convenience for transportation, cost savings in logistics, and ease of access to customers.
Some price ranges you can refer to include:
- In Ho Chi Minh City and Hanoi: Rental prices range from 2.98 – 5.11 USD/m²/month in Ho Chi Minh City and from 2.55 – 4.26 USD/m²/month in Hanoi. These areas have high demand and good transportation infrastructure, making rental prices higher.
- In provinces such as Binh Duong and Dong Nai: Prices are lower, ranging from 1.70 – 3.40 USD/m²/month. Moreover, these areas have many large industrial zones and significant growth potential.
- In Central and Northern regions: In areas like Da Nang, Quy Nhon, and Hai Phong, rental prices range from 1.06 – 3.40 USD/m²/month, depending on location and amenities.
These prices represent average rates for warehouse rentals in industrial zones, but actual prices can vary depending on negotiations with landlords.
Additionally, regions with development potential, abundant amenities, and a large workforce also increase rental value. Therefore, companies should carefully consider this factor to ensure investment efficiency.
Lease Duration and Payment Methods
The lease duration and payment method significantly affect rental costs. Long-term contracts typically offer better rates due to the landlord’s preference for stability. In contrast, short-term leases usually do not come with discounts and have higher prices. Flexible leasing terms allow adjustments to the lease duration, but the cost is typically higher due to the convenience.
Prepayment can also help reduce overall costs. Companies should carefully consider their options to choose the best method that optimizes expenses and ensures operational efficiency.
Warehouse Size and Technical Specifications
Larger warehouses often come with higher construction and maintenance costs, resulting in higher rental prices. Rental prices are generally determined based on usable area or the total land area, measured in square meters or square meters per month.
In addition, factors such as infrastructure quality, electricity and water systems, fire safety systems, and safety standards also play a significant role. Modern warehouses that meet high standards tend to have higher rental prices.
Factories with larger areas will have higher rental costs.
Additional Amenities
Amenities and support services at production warehouses play an important role in determining rental prices. Features such as 24/7 security, professional building management, parking areas, and maintenance services create a safe and efficient working environment, while also adding value for businesses.
Factors like the electricity and water systems, ventilation, safety features, and additional amenities such as cafeterias, gas stations, or ATMs also impact rental costs. However, businesses should consider selecting amenities that optimize costs while maintaining operational quality.
Market Demand
Economic fluctuations, supply and demand, and government policies all influence rental prices. In a highly competitive market, warehouse owners often offer attractive rental conditions, incentives, or discounts to attract tenants. This demand gives businesses an advantage, providing them with more options and negotiation opportunities to secure favorable rental terms.
Economic Situation and Trends in Vietnam’s Industrial Real Estate
Warehouse rental prices in industrial zones in 2025 remain competitive, averaging around 2 to 6 USD/m², which is lower than in neighboring countries, making Vietnam an attractive destination for international businesses employing a “China +1” strategy. The modern infrastructure and developed logistics services further enhance the appeal [3].
In the South, where occupancy rates are high, such as in Binh Duong and Ho Chi Minh City (91%), rental prices have increased rapidly due to high demand. In the North, areas such as Bac Ninh and Hai Phong benefit from infrastructure advantages like ports and expressways, yet rental prices remain lower, which is more suitable for companies looking to optimize costs [3].
The trend of smart and sustainable warehouses, coupled with the e-commerce boom and data centers, is also contributing to the rising value of industrial real estate, especially in regions with heavy investment in digital infrastructure.
Types of Warehouse Lease Contracts
Below are common types of warehouse lease contracts, typically applied depending on the needs of the business and the terms of cooperation between parties:
| Criteria | Long-Term Lease | Short-Term Lease | Flexible Lease |
| Lease Duration | Long-term, stable | Short-term, flexible | Flexible, adjustable |
| Rental Price | Usually stable and lower compared to short-term leases | Typically higher, can be adjusted based on market changes | Higher than other types, to compensate for flexibility |
| Benefits | – Long-term financial planning | – Quick adjustment to market | – Can terminate early or extend based on need |
| Price Adjustment Flexibility | Less change, inflexible | Quick adjustment based on market | Flexible adjustment based on agreement |
| Best For | Businesses seeking long-term stability | Businesses needing short-term, flexible options | Businesses needing high flexibility in lease terms |
According to the rental duration
Long-Term Lease
Long-term leases offer stable rental prices, typically lower than short-term leases, which helps reduce market fluctuations. The advantage of long-term leasing is that businesses can plan their finances for the long term and reduce transaction costs, as renegotiations are not required annually.
Short-Term Lease
Short-term leases generally cost more than long-term leases due to their flexibility. This allows warehouse owners to adjust rental prices quickly based on market changes, but businesses will bear higher costs when leasing short-term.
Flexible Lease
A flexible lease allows tenants to adjust the lease term based on their needs and business plans. One of the highlights of this lease type is the ability to terminate early or extend the lease, depending on agreements between the landlord and tenant. However, due to the flexibility in adjusting the lease duration and terms, rental prices are typically higher than for other lease types to compensate for potential changes in the lease period. This option is ideal for businesses that need flexibility or do not want long-term commitments.
By Lease Type
There are two main types of lease agreements: Full-Service Lease and Triple Net Lease (NNN).
Full-Service Lease:
This lease type offers great convenience for tenants because the landlord is responsible for all operating costs related to the warehouse, including property taxes, insurance, maintenance, and utilities such as electricity and water.
The tenant only needs to pay a fixed monthly rent without worrying about additional costs. This is particularly useful for businesses looking to simplify financial planning and easily forecast and manage their budget.
Triple Net Lease (NNN):
In this lease, the tenant is responsible for three main costs: property taxes, property insurance, and warehouse maintenance. In addition, the tenant still pays the basic rent as agreed.
Although overall costs may be higher compared to a Full-Service Lease, this model provides more control for the tenant, allowing them to manage and optimize operational costs according to their business needs.
Renting a warehouse in an industrial park helps save on initial investment costs.
Some Key Clauses in Warehouse Lease Contracts to Understand
When signing a warehouse lease contract, both parties must clearly understand the legal regulations regarding the contract’s content. First, the subject of the contract is the leased property, which may include land, buildings, warehouses, or other structures. The parties involved are the lessor and the lessee.
The warehouse lease contract should also clearly define the rights and obligations of both parties, such as rental payment terms, lease duration, conditions for termination, and the security deposit. These terms should be thoroughly negotiated to avoid issues during the contract’s term.
Points to Pay Attention to When Signing a Warehouse Lease Agreement:
- Equipment and Fixtures Handovers: The contract should list all equipment and fixtures being transferred (e.g., electricity, water, production equipment, etc.). Businesses should carefully check and ensure that these items are in good condition to avoid liability for damage after the handover.
- Security Deposit and Payment Terms: The contract should specify the security deposit amount, payment method, and conditions for its return upon the contract’s termination. The deposit should not be used for rent payment and may vary depending on the landlord’s requirements.
- Lease Duration: The business should confirm the lease term in the contract. If operations cease before the lease term ends, the deposit will remain with the lessor. Upon expiration, businesses may have the option to extend the lease if they wish to continue using the warehouse.
- Annual Rent Increase Rate: Contracts often stipulate an annual rent increase rate to align with the market and avoid inflationary losses. Businesses should pay attention to this clause to forecast future rental costs.
Some Common Questions Related to Warehouse Lease Contracts:
- What to do when a dispute arises? The dispute should first be negotiated or mediated between the parties. If no resolution is reached, the issue can be brought to court.
- Is notarization required for the contract? Warehouse lease contracts should be notarized or authenticated in accordance with land law requirements.
- How long is the contract valid? The lease term is agreed upon by both parties but should not exceed the land use duration according to the law.
- What is the lease term for land by riverbanks or coastal areas? Currently, there are no specific regulations on the lease term for these areas.
Other Costs to Consider When Leasing a Warehouse in Vietnam
In addition to rental costs, businesses should be aware of other related costs, including:
- Additional Service Costs: Apart from rent, auxiliary services such as security, warehouse management, loading and unloading, and maintenance may incur extra costs. Businesses need to understand these services to negotiate reasonable prices. Loading and unloading services can range from 40,000 VND/m³ (depending on vehicle type). Other costs generally depend on negotiations between the parties.
- Transportation Costs: The location of the warehouse directly impacts transportation costs. Warehouses near major transportation routes will help reduce shipping expenses.
- Utility Service Costs: Some warehouse providers may offer utility services such as security systems, fire protection, wastewater treatment, and maintenance. These should also be factored into the business’s budget.
- Administrative and Documentation Costs: Costs associated with administrative procedures, such as taxes, can be minimized when choosing warehouses in industrial zones, as tax procedures are simplified and supported directly by the landlord.
KTG – A Reputable Built-to-Lease Warehouse Provider in Vietnam
KTG Industrial has become and continues to be a trusted choice for warehouse rentals among businesses.
KTG is a brand partnership between Boustead Projects (Singapore) and Khai Toan Group (Vietnam), ensuring that KTG Industrial consistently offers high-quality products and exceptional services to optimize operational efficiency for its clients.
KTG provides high-quality built-to-lease warehouses that meet all technical requirements for businesses. KTG’s warehouses feature load-bearing floors of 1-2 tons/sqm, clear heights from 6.5m to 8.7m, and floor heights ranging from 0.2m to 0.3m. With modern amenities such as wastewater treatment systems and solar panels, KTG’s projects not only meet international standards for quality and safety but also emphasize sustainability.
KTG’s projects in Đồng Nai, including KTG Industrial Nhơn Trạch 2 (phases 1 and 2), KTG Industrial Nhơn Trạch 3A, KTG Industrial An Phước, and many others, are nearly fully leased. These industrial parks are strategically located with convenient connections to ports, airports, and major consumer markets such as Ho Chi Minh City, Đồng Nai, Bình Dương, Hanoi, Hai Phong, and other regions.
For businesses seeking a reputable built-to-lease warehouse provider in Vietnam, KTG Industrial is the leading choice.
Conclusion
The industrial warehouse leasing market in 2025 presents significant opportunities for businesses seeking storage or production space. To ensure success, businesses should carefully consider factors such as pricing, location, and additional support services. Making the right choice will play a critical role in the success and sustainable growth of companies in the future.
[1] Ban Mai. Xu hướng kho xưởng đa chức năng đang tăng. Nhịp sống kinh tế Việt Nam & Thế giới. Published August 23, 2024. Accessed January 18, 2025. https://vneconomy.vn/xu-huong-kho-xuong-da-chuc-nang-dang-tang.htm
[2] Báo cáo viên. (2025, January 9). Dự báo giá thuê đất công nghiệp phía Nam sẽ tăng từ 3-7% mỗi năm. Baocaovien.vn; baocaovien.vn. https://baocaovien.vn/tin-tuc/du-bao-gia-thue-dat-cong-nghiep-phia-nam-se-tang-tu-3-7-moi-nam/162971.html
[3] Ban Mai. Bất động sản công nghiệp tiếp tục hấp dẫn. Nhịp sống kinh tế Việt Nam & Thế giới. Published November 18, 2024. Accessed January 18, 2025. https://vneconomy.vn/bat-dong-san-cong-nghiep-tiep-tuc-hap-dan.htm
