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.
