INDUSTRIAL REAL ESTATE: A TIME OF FACTORIES AND READY BUILDING WORDS
According to CBRE’s latest industrial real estate market report, 2020 is the time of ready-made factories and warehouses in Vietnam. During the Covid-19 outbreak months, the demand for renting ready-built warehouses increased sharply while the rental requirements of other types of industrial real estate slowed down or decreased due to social isolation.
This stems from the backlog of import and export goods due to disruptions in transportation activities and the strong growth of the e-commerce segment. The data of this unit shows that the rental price of ready-built factories remains stable even during the epidemicoutbreak. The supply of ready-built factories continued to grow in all three main industrial areas in the South, Central and North.
Ready-built factory for rent. Photo: Ricons Mechanical Factory (Nhon Trach 6 Industrial Park, Dong Nai)
Thanks to new changes in production shift and strong growth of e-commerce, ready-built factories are forecasted to have a lot of potential for development in the coming time. Specifically, the need to expand storage space and distribution network of e-commerce companies is and will dominate the demand for warehouse rental. Along with that is the need to find land funds to develop logistics facilities.
Meanwhile, temperature controlled storage spaces (cold storage or cool storage) will be seen as new development trends in the logistics industry as the fresh food distribution and trading network expands. significantly both online and in existing stores and supermarkets.
In areas where the supply of industrial land is limited, the model of high-rise warehouses has also begun to appear to create larger storage space for the needs of e-commerce companies.
Currently, many manufacturers have a need to rebuild the global supply chain, and aggressively promote plans to relocate production facilities from China, to countries with low costs and stable environment. than. Vietnam is considered to benefit from this trend with a huge plus coming from the good control of the pandemic. In addition, policies to support the economy and the market from both the Government and industrial real estate developers also have many positive signals.
QUIHUB Industrial Factory Area (Nhon Hoi A Industrial Park, Quy Nhon, Binh Dinh)
In order to meet the rental requirements in the new context, industrial real estate developers in Vietnam have also begun to restructure their products to adapt to the higher demands of customers. For example, using 4.0 technologies in industrial parks and factories to bring more convenience to customers in the process of leasing, production and operation.
Even generations of factories applying virtual reality technology that can bring their factory space to customers anytime, anywhere have also been gradually applied. The service package includes free legal, human resources and accounting so that customers can apply for a license even when they are abroad.
(According to vnexpress)
