The rental price of Grade B offices is currently at $25.6 USD/m2/month, down 0.8% compared to last year. (Illustrative image – Photo: Investment news)
Office real estate in Vietnam is among the countries with promising rental prices.
Recently, the office market in the Asia-Pacific region has been considered relatively stable. Office real estate in Vietnam is among the countries with promising rental prices. Specifically, in Ho Chi Minh City, office rental rates have seen some adjustments, but only slightly decreased compared to last year.
Quick Response for Adaptation
The prospect of good office rental prices nationwide and especially in Ho Chi Minh City is in the context of the global office market, where Europe and America have witnessed a decrease in absorption rates due to economic cycles. Accordingly, office rental prices in most developed countries have sharply declined compared to the pre-COVID-19 period.
According to CBRE Vietnam, by the end of Q2/2023, Grade A office rental was $45.4 USD/m2/month, down 1.1% compared to the same period last year. Adjusting the rental price of Grade A offices demonstrates the quick response of some investors to adapt to the real situation in order to retain existing customers and quickly fill newly vacant spaces. The rental price of Grade B offices is at $25.6 USD/m2/month, down 0.8% compared to last year.
Source: vtv.vn/economy
