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Update news office rental
Vietnam saw positive performance in the office market in its largest cities, Hanoi and HCM City, during the first nine months of this year, according to foreign real estate research firms based in Vietnam.
The vacancy rate of offices in Ho Chi Minh City reached 18% in the third quarter of 2023, while rents decreased by between 0.2 -2.2% quarterly, according to Knight Frank Vietnam, a leading real estate consultancy.
In the next few years, Gen Z will be the main trend-setter of the workplace of the future.
Office rental rates will continue to drop while supply will be in the non-central business district areas in HCM City in the coming time, according to property research companies.