Summary and analysis of Vietnam North's current ready-built factory real estate market conditions.
Insight
11 February 2026
Vietnam North Ready-built Factory Market Dynamics Q4 2025
Categories:
JLL reports the Northern RBF market absorbed 113,000 sqm in Q4 and 422,000 sqm in 2025—well above the recent average. Robust new supply of 495,000 sqm in Q4 brought total annual new space to a record 748,000 sqm, though occupancy dipped to 82.7% as projects took time to lease. Tenant diversity broadened, with high-tech industries leading demand.
Asking rents rose 2.8% y-o-y to USD 5.2/sqm/month. Looking forward, 2026 will see 692,000 sqm of new RBF space from major and new developers, with steady demand and cautiously optimistic prospects for the sector.
TẢI BÁO CÁO TIẾNG VIỆT TẠI ĐÂY: LINK
Access the full report for in-depth analysis of Vietnam north RBF market