2026 Cushman & Wakefield – Ho Chi Minh City Retail Markets Q1 2026
Credit: Cushman & Wakefield
Cushman & Wakefield’s Q1 2026 Ho Chi Minh City retail MarketBeat reports about 1.21 million sqm of retail stock with no new completions in the quarter, and average occupancy of 94.7%. It projects about 286,542 sqm of additional HCMC retail space for 2026-2029F, about 83% of it outside the CBD, and also covers Binh Duong and Ba Ria-Vung Tau.
Report details
Key points:
- Retail supply of 1,210,035 sqm, unchanged QoQ with no new completions, up 0.9% YoY.
- Average occupancy of 94.7% (up 0.6 ppt QoQ and 1.5 ppts YoY); average asking rent of USD 54.1/sqm/month at ground floor.
- About 286,542 sqm of additional HCMC retail space expected for 2026-2029F: about 17% CBD and 83% non-CBD.
- Binh Duong: 94,468 sqm of supply at 92.3% occupancy. BR-VT: 45,036 sqm of supply at 96.3% occupancy.
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Original publication: Cushman & Wakefield ↗
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