MARKET SNAPSHOT Q1/2024
In Q1/2024, supply for Grade A and B office in Ho Chi Minh City (HCMC) remained stable, with expectations for growth in the following quarters, especially in Grade B office buildings totaling around 50,000 square meters, mostly outside the central business district (CBD).
Ho Chi Minh City 4Q23 Office Report: New Supply Meets Cautious Demand
In 2023, the office supply sector demonstrated strong growth by 11% year-on-year (YoY) to 1.6 million square metres of Net Lettable Area (NLA) for A and B grade spaces, boosted by five new projects with over 145,000 sqm NLA.
