The retail rental space has maintained a steady occupancy rate of 92 percent during the first quarter of 2023, with a slight decrease of 0.4 percent compared to the previous year.
Investors have paid greater attention to sustainable construction in real estate, especially green office, to satisfy the new requirements of tenants, according to experts from Savills Vietnam.
According to research by Savills Vietnam, Vietnam's industrial production in the first two months of 2022 increased by 8.4 percent over the same period last year. The growth rate improved sharply in February compared to the previous month.
Despite the current complicated Covid-19 pandemic, the commercial real estate rental market in Ho Chi Minh City has gradually recovered at the end of the year.
Vietnam will see strong growth in industrial property next year due to higher demand for industrial parks as business expand production or relocate out of China, according to Savills Vietnam.
Investment capital in Vietnam real estate market continues pouring into industrial real estate, according to property consultancy company Savills Vietnam’s report released yesterday.
According to Savills Vietnam’s latest report on trend of retail sector, retail market in Vietnam will grow at 25- 30 percent yearly and has great potential; however, retail firms should focus on digital marketing and online selling apps to survive and develop.