The new wave of technology and e-commerce companies creates great opportunities for real estate in Vietnam.
Jones Lang LaSalle (JLL) has just published a thematic report The Southeast Asian Changing Technology Area, which addresses positive impacts, has led to many dramatic changes in Vietnam’s real estate. According to this unit, at least 2 new real estate segments in Vietnam have been born thanks to the booming technology in Asia Pacific.
Appeared potential investment channel of commercial services office
With the strong growth of online business and many companies with high-tech platforms in Southeast Asia, technology corporations will continue to find office space and will fill 15-25% of the total office floor. every year in the next decade, compared with 5-10% of the previous three years. Many technology companies soon became key tenants in the region, and these corporations had the earliest lease commitments for new buildings.
Demand for office space for big cities in Southeast Asia is expected to increase by about 6% annually from 2018 to 2021. Exceeding the ASEAN, from 2016 to now, HCMC (Vietnam) It is forecasted that there will be a future office rental demand of up to 10% per year and this development may last for a decade.
The heat of office demand of technology companies in Vietnam has continued to increase over the past three years and predicts this trend will continue to surge strongly in the next five years, thanks to the rapid pace of development. along with other markets in the region, thanks to the young, dynamic and knowledgeable business class in big cities.
The largest global technology companies, including Alibaba, Facebook, Google and Sea, currently own 20,000 – 50,000 m2 of offices in major ASEAN cities. These technology companies have also increased the number of employees from 30-50% annually over the past 5 to 10 years.
Ho Chi Minh City along with Jakarta, Bangkok, Manila are becoming 4 cities to welcome a large amount of office needs of technology companies everywhere pouring in. In the next decade, e-commerce with co-working space flexible space and commercial service apartments will continue to dominate the market.