Premium office rents in HCMC reached a five-year high of US$67 per square meter on average last year after rising by 2.2% from 2023.
Across all grades (affordable, mid-range and premium), the average rent rose by 1.6% to $36, according to property consultancy JLL Vietnam.
Data from market researcher Knight Frank confirms the rising trend, showing prime office rents grew by 3% last year to $61.
Occupancy rates in new office buildings were 88-90%, it said.
This year HCMC is expected to have around 71,000 square meters of office space for lease – a relatively modest amount that is likely to be fully absorbed in the short term.
Trang Bui, CEO of property services firm Cushman & Wakefield, said office rentals in HCMC are likely to rise by 5% this year, driven by active office expansion.
The two new urban areas, Thu Thiem and Phu My Hung, are set to become new office hubs.
From 2026 the market is expected to stabilize, with growth potentially slowing to 0.4-0.5% per year. Demand for office space will continue to come from key industries such as information technology, banking, manufacturing, insurance, and logistics, she added.
Source: Vnexpress
