This MarketBeat report from Cushman & Wakefield reviews Ho Chi Minh City’s office market in the first quarter of 2026, covering Grade A and Grade B supply, absorption, occupancy and gross rents.
It shows net absorption rebounding to 34,317 sqm, up 106% on the previous quarter, with occupancy at 88.3% for Grade A and 90.9% for Grade B. It also points to a pipeline of about 318,763 sqm of net leasable area through 2029, shifting from the CBD toward the East and South.
Key points:
- Net absorption reached 34,317 sqm in Q1 2026, up 106% QoQ.
- Average gross rent was USD 53.5 per sqm per month for Grade A and USD 33.5 for Grade B.
- About 318,763 sqm of NLA supply is projected through 2029, expanding from the CBD to the East and South.
Report details
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