Office market Tin tức

Vacancy rate of HCM City offices predicted to reach record in 12 years

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.

HCMC office vacancy to rise amid new supply: consultancy

Ho Chi Minh City’s office market is poised to witness a record 29% vacancy rate in Grade A offices by the end of 2023 due to higher supply and lower demand.