Hanoi industrial park occupancy rate reaches 86% in Q3

And the average rent is at 221 USD/sqm/term currently.

In Q3 2024, the operational situation in industrial zones (IZs) in Ha Noi remained stable said Avison Young in a report, reflecting the sustainable development of the industrial market in this area. 

“The average rental price for industrial land reached 221 USD/sqm/term, indicating that the cost of industrial land rental is competitive compared to other provinces in the northern economic region,” the report added.

Here’s more from Avison Young:

The occupancy rate stands at 86%, showing that demand for rental land in Ha Noi’s industrial zones remains high, with most of the land already filled by investors, particularly in the context of increased foreign investment and production expansion needs. 

Additionally, Typhoon No. 3 and heavy rainfall after the storm caused localised flooding in several industrial zones in northern Vietnam, including Song Cong I, Song Cong II, Yen Binh, Nam Pho Yen, and Diem Thuy - Zone A. This flooding has impacted production and transportation within the industrial zones, causing disruptions in cargo transportation and production activities of businesses. Timely response to address this issue is necessary to minimise damage and maintain the stable operation of the industrial zones.