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Ho Chi Minh City All Sector MarketBeat Q2 2022 Ho Chi Minh City All Sector MarketBeat Q2 2022

Insights

Ho Chi Minh City Office MarketBeat

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In H1 2024, the HCMC market welcomed the entry of four new office projects, including one Grade B project in the Non-CBD, and three Grade A buildings in both the CBD and Non-CBD area.

Altogether, nearly 105,000 sq.m of new supply was added to the HCMC market in H1 2024, bringing the city’s total Grade A&B office stock above 1.6 million sq.m.

Net absorption is estimated at around 31,000 sq.m, driven by absorption at new Grade A projects. Some tenants at Grade B projects have been observed to capitalize on the current market to upgrade their office space, hindering the absorption among the Grade B segment.

Alongside the prominent trend of green and sustainable buildings, there has been an increasing interest in occupiers’ well being and experiences. Some projects are equipped with additional amenities such as F&B outlets, gym, landscape, and other technologies to monitor water and air quality inside the buildings. Certification of well-being such as WELL and Fitwel has become more popular in the HCMC office market recently, interested by both tenants and landlords.

Download the report for more insights from our experts.

CURRENT MARKETBEATS

Vietnam Industrial Q3 2022 EN
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Market sentiment is positive this quarter with the net absorption reaching 79 ha
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Office MarketBeat Q3 2022 card
MarketBeat • Workplace

Ho Chi Minh City Office MarketBeat

In H1 2024, the HCMC market welcomed the entry of four new office projects, including one Grade B project in the Non-CBD, and three Grade A buildings in both the CBD and Non-CBD area.
25/07/2024
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Cushman & Wakefield’s latest MarketBeat report analyzes Q2 2024 economic and commercial real estate activity.
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New retail supplies were launched in Q2 2024 across HCMC, offering high quality retail space to welcome a diverse mix of domestic and international brands.
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