According to Savills, occupancy of office buildings in Ho Chi Minh is at high rate (95% in all quarters in 2017) thanks to the recovery after crisis and FDI inflow into Vietnam contributing to boosting market demand. Furthermore, office supplies in 2017 increased by 6% are predicted to keep rising in 2018, together with the rise in operating capacity of offices.
According to CBRE, although the rental price is high (38 USD/m2/month for grade A, 21 USD/m2/month for grade B), due to increasing demand, it is forecast to keep rising by 2% in 2018 – 2020. The office market in Vietnam is also predicted to focus on grade A segment from 2020.
Meanwhile Cushman & Wakefield had bolder prediction compared to CBRE and Savills. Because the rental price in 2017 had reached the its peak since 2009, and due to low office vacancy rate, Cushman & Wakefield predicted that some grade A towers in district 1 could increase to 20% in 2018.