Summary and analysis of Vietnam North's current industrial real estate market conditions.
Insight
14 May 2026
Vietnam North Industrial Market Dynamics Q1 2026
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The Northern prime RBW market recorded positive net absorption of approximately 96,000 sqm in Q1 2026—nearly double the previous year. Total supply reached 2,042,854 sqm following the addition of 162,500 sqm from BWID Pho Noi A and Jeil Logistics Hai Phong. The occupancy rate stood at 64.6%. Average asking rents rose 3.9% q-o-q to USD 5.1 per sqm per month.
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