Summary and analysis of Vietnam North's current ready-built factory real estate market conditions.
Insight
14 May 2026
Vietnam North Ready-built Factory Market Dynamics Q1 2026
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The Northern RBF market maintained steady momentum with net absorption of approximately 49,000 sqm in Q1 2026. Total supply expanded to 4.2 million sqm (+22.8% y-o-y) following the addition of 159,000 sqm, including Soilbuild's market entry with Spectrum Hung Yen. The occupancy rate stood at 81.3%. Average asking rent reached USD 5.2 per sqm per month (+3.8% y-o-y).
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