What is Warehouse and Factory for Lease? Finding Quality Facilities in 2025

In the context of Vietnam’s strongly developing economy, especially the logistics, manufacturing, and e-commerce sectors, the demand for expanding production, storage, as well as goods distribution of enterprises is increasing higher than ever. To meet this demand, instead of investing heavily in building new factories, many businesses are shifting to leasing warehouses and factories as a flexible solution, saving costs and easily expanding operational scale.

So what is a warehouse and factory for lease? Why has this form become a prominent trend in 2025? The article below will help you better understand the concept, benefits, selection criteria, and important notes when leasing warehouses and factories in Vietnam.

1. What is a Warehouse and Factory for Lease?

Warehouse and factory for lease is a type of industrial real estate service, in which an individual or organization (lessor) owns warehouses and factories and allows another individual or enterprise (lessee) to use them for a specified period, according to the terms agreed in the contract. The lessee will pay periodically to use this space for purposes such as goods storage, manufacturing, processing, assembly, or distribution chain operation.

In the context of Vietnam increasingly affirming its position as a strategic manufacturing and logistics center in Southeast Asia, thanks to its favorable geographical location, abundant labor source, and FDI attraction policies, the demand for leasing warehouses and factories is increasing significantly. This segment not only supports businesses in saving initial investment costs but also facilitates rapid scale expansion, especially with the Ready-Built Factory (RBF) and Ready-Built Warehouse (RBW) models.

According to a report by CBRE Vietnam, in the past three years, the industrial real estate market in Vietnam has recorded strong growth in the ready-built factory and warehouse segment.

• Ready-Built Factory (RBF): In 2024, it reached the highest absorption area, increasing sharply compared to previous years in both regions. The occupancy rate remained high (~80–90%).
• Ready-Built Warehouse (RBW): Demand increased clearly, with the absorption area in 2024 far exceeding previous years. The occupancy rate improved significantly, especially in areas previously having low levels.

Thereby, it can be seen that the demand for leasing ready-built factories and warehouses in Vietnam is growing sustainably, reflecting production expansion, logistics development, and the increasing attraction of the industrial market.

Chart of absorption area and occupancy rate of ready-built factories and warehouses in Vietnam in the period 2022 – 2024 (Source: CBRE Vietnam).

Savills Vietnam also said that the total supply of ready-built warehouses and factories in Vietnam by the end of 2024 reached about 10.7 million m², with an average occupancy rate of 86%, and a rental price of about 4.4 USD/m²/month.

Forecast for the period 2025 – 2027, CBRE assesses that industrial land rental prices will increase by 3 – 7% per year in the South and 4 – 8% in the North, while ready-built warehouse and factory rental prices may increase by 1 – 4% per year, reflecting stable rental demand and increasingly improved quality supply.

2. Benefits of Using Warehouse and Factory for Lease

Not merely a solution to replace self-construction, leasing warehouses and factories is, above all, a smart strategy bringing outstanding benefits to modern businesses:

• Cost Optimization: Instead of investing tens of billions of VND in building factories, buying land, or applying for permits, businesses only need to pay periodic rental fees. Minimizing financial risks and allowing capital flows to be allocated reasonably to core activities such as equipment investment, market expansion, or product development.
• Flexibility in Scale, Location, and Lease Term: The manufacturing and trade market always fluctuates. Leasing ready-built factories allows businesses to easily expand or shrink scale without incurring clearance or demolition costs. In addition, businesses can choose warehouses and factories for lease near ports, key industrial parks, or distribution centers to optimize the supply chain and reduce transportation costs.
• Shortening Deployment Time: Instead of taking 6 months to 1 year to build a new factory, using available warehouses and factories for lease helps businesses quickly put them into operation just a few weeks after signing the contract. This is a particularly useful factor in industries such as seasonal production, e-commerce, or projects needing immediate deployment to catch up with market demand.
• Synchronous Infrastructure, Ready for Operation: Professional factories for lease are often methodically invested in infrastructure: 3-phase power system, water supply and drainage, standard fire protection system (PCCC), parking lots, and spacious internal roads. With these accompanying utilities, businesses can save initial investment costs while still ensuring safety and operational efficiency from day one.
• Focusing Resources on Core Activities: When leasing warehouses and factories, all issues such as factory maintenance, repairs, security management, or legal procedures are usually the responsibility of the lessor. Thanks to that, businesses can fully focus on production, services, and customers, which are factors creating differences and sustainable growth.

Leasing warehouses and factories helps deploy production quickly.

3. Criteria When Choosing to Lease Warehouse and Factory

To not waste time and money, you need to pay special attention to the following 4 vital factors before making a decision:

• Location and Traffic: The factor determining operating costs. Warehouses and factories must be located in convenient positions for container trucks to enter and exit, directly connected to main roads, and absolutely not located in flood-prone areas.
• Infrastructure and Fire Protection (PCCC): Quality of warehouses and factories determines safety. Check if the warehouse floor has enough load-bearing capacity, if the 3-phase power system is stable, and most importantly: request to see the valid PCCC acceptance certificate.
• Clear Legality: This is the shield protecting you. Ask the lessor to provide full documents proving legal ownership (or leasing rights) of the warehouse and factory to avoid any disputes later.
• Comprehensive Cost: Don’t just look at the rental price per m². Clarify all hidden costs such as management fees, business electricity and water prices, waste disposal fees… to get the actual cost figure to be paid monthly.

4. Notes When Leasing Warehouse and Factory

Once you have selected a warehouse and factory suitable for your needs, you need to pay special attention to the following steps to ensure benefits and avoid risks arising during the leasing process:

• Thorough Site Survey: Going directly to survey is an unskippable step. You need to check practical issues that images cannot fully show, such as roof condition (leaking or not), floor (cracked or sunken), drainage system, or if the entrance is wide enough for large trucks.
• Read and Understand the Contract Clearly: Focus on important terms such as: rental price, deposit, lease term, contract termination conditions, as well as repair responsibilities in case of damage to avoid disputes later.
• Proactively Negotiate Lease Conditions: In addition to negotiating prices, you can propose that the lessor support renovating some small items such as: repainting walls, changing light bulbs, installing more ventilation fans, or handling the electrical system if necessary before handover.
• Make Clear, Full Handover Minutes: When receiving the warehouse, it is necessary to make minutes recording the specific status of each item (walls, floors, doors, electricity, water…), accompanied by images or videos as a basis for comparison when liquidating the contract or when incidents arise.

Check factory infrastructure thoroughly to ensure benefits when leasing.

5. Explore Quality Warehouses and Factories for Lease in the North

Northern Vietnam is increasingly affirming its position as a strategic manufacturing and logistics center, attracting many businesses thanks to synchronously developed infrastructure and open investment policies. If you are looking for high-quality warehouses and factories for lease in this area, GNP’s warehouse and factory for lease projects stand out with high quality, strategic locations, and comprehensive logistics services, being the ideal choice for domestic and foreign enterprises.

5.1 GNP Nam Dinh Vu – Reputable Warehouse and Factory for Lease in Hai Phong

Located in Dinh Vu – Cat Hai Economic Zone, GNP Nam Dinh Vu is an ideal project for import-export businesses thanks to its location near the region’s leading seaports.

• Direct connection to deep-water port: Only 11km from Lach Huyen port, saving significant time and costs for global export businesses.
• Belonging to the most dynamic industrial cluster in the North: Adjacent to big names like LG, VinFast, Pegatron…, expanding cooperation opportunities and value chain development.
• Specialized facilities: International standard raised floor system, ramps, and green EDGE certification help businesses both operate effectively and enhance sustainable brand image.

GNP Nam Dinh Vu possesses an ideal location near the seaport for import-export businesses.

5.2 GNP Dong Van 3 – Warehouse and Factory for Lease in Ha Nam

As the southern gateway to Hanoi, GNP Dong Van 3 plays the role of an ideal distribution and logistics center for e-commerce, retail, and FMCG businesses.

• Serving Hanoi market within the day: Only 45 minutes travel helps perform fast delivery, suitable for the rising same-day delivery trend.
• Strong inter-regional traffic: Directly connected to National Highway 1A, Cau Gie – Ninh Binh expressway, convenient for North – Central – South transportation.
• Professional international investment community: Concentrating many investors from Japan, Taiwan such as Wistron, CJ, Qisda… creating a modern, reliable business environment.

GNP Dong Van 3 is an ideal distribution and logistics center.

Conclusion

Leasing warehouses and factories is an effective solution for businesses to minimize initial investment costs, flexibly adjust operational scale, and quickly put projects into operation.

To make an optimal choice, you can refer to reputable warehouse and factory projects such as GNP Nam Dinh Vu (Hai Phong), GNP Dong Van 3 (Ha Nam), and GNP Yen Binh 1 & 2 (Thai Nguyen). These projects stand out with strategic locations, synchronous infrastructure, and professional management services. With careful preparation and choosing the right warehouse and factory, businesses will be able to focus resources on production, market expansion, and quickly seize development opportunities.

Warehouse for lease in Vietnam | Warehouse for rent in Vietnam | Factory for lease in Vietnam | Factory for rent in Vietnam