Summary and analysis of Vietnam South's current ready-built factory real estate market conditions.
Insight
11 February 2026
Vietnam South Ready-built Factory Market Dynamics Q4 2025
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JLL highlights continued resilience in the southern Ready-Built Factory (RBF) market, with Q4 net absorption reaching 150,000 sqm and full-year 2025 surpassing 620,000 sqm. Overall occupancy rose to 89%, sustained by strong demand from Greater China enterprises.
Nearly 140,000 sqm of new factory space was added in Q4, bringing total supply to 5.7 million sqm, a 6.6% annual increase. Average asking rent climbed 0.4% q-o-q and 2.4% y-o-y to USD 5.0/sqm/month, as landlords balanced growth with competitive rates to attract and retain tenants.
Looking ahead, the RBF market is set to expand by 10% by end-2026, with stable demand expected alongside heightened leasing competition and moderate rental growth amid rising new supply.
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