# Southern Vietnam leasable logistics stock stable at 2.5m sqm

- **Source:** Real Estate Asia
- **Published:** 2026-08-24T23:05:15.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/industrial/news/southern-vietnam-leasable-logistics-stock-stable-25m-sqm
- **Topics:** Commercial & Industrial, Regional Markets

## Featured rationale

Stable absorption and forthcoming infrastructure could broaden logistics demand, although additional supply and investor caution may keep rents and capital values broadly steady.

## AI summary

Southern Vietnam’s leasable ready-built warehouse stock remained approximately 2.5 million sqm in Q2 2026, with nearly 136,000 sqm expected in H2.

## Original article

Nearly 136,000sqm of additional space is expected in the second half of 2026.

Southern Vietnam's ready-built warehouse market maintained stable demand in the second quarter of 2026, with infrastructure development expected to unlock new logistics opportunities even as investors remain cautious, according to JLL.

The market recorded positive net absorption of 60,800 sqm in Q2, supported by manufacturing and logistics demand, with the garment sector generating particularly significant leasing activity. JLL said large new leases offset space returned by tenants from other industries.

Absorption slowed slightly from the exceptionally strong levels recorded in previous quarters, when demand was boosted by manufacturing-related warehousing requirements and seasonal activity. Nevertheless, JLL characterised underlying demand as stable.

No new ready-built warehouse supply was recorded in Q2, leaving total regional stock at approximately 2.5 million sqm of leasable space. BWID and Mapletree maintained their leading market positions, while both developers continued preparing projects expected to come online towards the end of 2026, JLL said.

The market is expected to receive nearly 136,000 sqm of additional warehouse space during the second half of 2026 in the former Dong Nai and Binh Duong provinces. JLL said the pipeline, together with major infrastructure projects, could create new demand drivers.

The approaching completion of Long Thanh Airport is expected to support further development in the region. JLL said infrastructure improvements should strengthen the logistics market, although cautious sentiment is likely to persist amid global economic and geopolitical uncertainty.

Average gross asking rent remained broadly unchanged at USD 5.07 per sqm per month, with quarterly movement of less than 0.1%. JLL said developers continued to maintain initial pricing strategies to preserve competitiveness amid the modest softening in demand.

Capital value, estimated using gross asking rents, also remained stable at USD 761 per sqm. JLL said growth slowed in Q2, with no material quarter-on-quarter change.

Looking towards the end of 2026, JLL expects domestic-focused logistics and manufacturing demand to remain pivotal, while the combination of new infrastructure and additional warehouse supply could broaden the market's growth drivers.

## Chinese translation

> Translation model: grok_cli

### 越南南部可租赁物流存量稳定在250万平方米

越南南部现成仓库市场在2026年第二季度需求保持稳定，基础设施建设有望释放新的l

2026年下半年预计将新增近136,000平方米空间。

据JLL称，越南南部现成仓库市场在2026年第二季度需求保持稳定，基础设施建设有望释放新的物流机遇，尽管投资者仍保持谨慎。

该市场在第二季度录得60,800平方米的正净吸纳，受制造业和物流需求支撑，其中服装行业带来了尤为显著的租赁活动。JLL表示，大型新租约抵消了其他行业租户退还的空间。

净吸纳较此前几个季度异常强劲的水平略有放缓，当时需求受制造业相关仓储需求和季节性活动提振。尽管如此，JLL认为潜在需求保持稳定。

第二季度未录得新的现成仓库供应，区域内可租赁总存量仍约为250万平方米。JLL表示，BWID和Mapletree继续保持领先市场地位，两家开发商均在筹备预计于2026年底前后投入运营的项目。

该市场预计将在2026年下半年于原同奈省和平阳省新增近136,000平方米仓库空间。JLL表示，这一供应管道连同重大基础设施项目，可能形成新的需求驱动力。

即将竣工的隆城机场预计将支撑该地区进一步发展。JLL表示，基础设施改善应会强化物流市场，不过在全球经济和地缘政治不确定性之下，谨慎情绪可能持续。

平均毛租金报价大体维持在每平方米每月5.07美元不变，季度变动不足0.1%。JLL表示，开发商继续维持初始定价策略，以在需求温和走软之际保持竞争力。

以毛租金报价估算的资本价值亦保持稳定，为每平方米761美元。JLL表示，第二季度增长放缓，环比无实质性变化。

展望2026年底，JLL预计以内需为导向的物流和制造业需求仍将是关键，而新基础设施与新增仓库供应的结合可能拓宽该市场的增长驱动力。