OFFICE MARKET OVERVIEW Q4.2024 AND 2025 OUTLOOK

VI EN

According to the report, the Grade A office vacancy rate decreased to 17.6%, indicating a positive recovery of the high-end segment in Ho Chi Minh City. The trend of moving to higher quality buildings continued as 53% of recorded transactions was expansion, mostly from the IT and Finance industries. The Grade B vacancy rate remained low at 11%, thanks to the interest of small and medium enterprises.

Rental prices in the central area of Ho Chi Minh City increased by 3.7% year-on-year, mainly due to the impact of the emergence of new buildings. In 2025, stock is expected to rise by 4% year-on-year, with over 110,000 m2 NLA coming from seven new projects and one re-entry. By 2027, 16 projects are expected to add more than 223,000 m² NLA, with approximately 70% of new Grade A and B supply targeting green certifications.

In addition to Cost and Asset Locations/Building Specifications, Employee Experience is also important factor influencing the decision to renew an office lease.

In 2025, the office rental market in Ho Chi Minh City is entering a period of vibrant development with many opportunities and challenges intertwined. Grade A offices are still attracting large international enterprises. However, pressure from oversupply requires investors to continuously improve service quality, amenities and design, towards green and sustainable standards.

Source:

- CBRE's Report: https://www.cbrevietnam.com/insights/reports/vietnam-market-outlook-2025

- Savills's Report: https://www.savills.com.vn/services/research/vietnam-quarterly-market-report-qmr-2024-q4.aspx

news relative

9 tips for maintaining a healthy work-life balance

Maintaining a work/life balance is easy when you’re a sole trader, right? You typically work from home and you have no one else to answer to, so it should be easy to switch off. Unfortunately, that’s not always the case. In fact, many home-based sole traders struggle to strike a healthy work/life balance because the lines are more blurred.

Vietnam to Increase Regional Minimum Wage from July 2022

Vietnam will increase regional minimum wages by approximately 6 percent from July 1, 2022. The increase varies from US$140 to US$202 depending on the living expenses in a particular region. Businesses should prepare their budgets given the short notice and incorporate the increased HR costs from July 1 and beyond going forward.

How to make a QR code for your office for customer health declaration during the Covid-19 pandemic

A QR code can raise the possibility of customers checking in before entering your office, therefore easy for you and the Government to keep track of the number of people checking in/ out and contact those exposed to Covid-19.

VIETNAM NEWS HIGHLIGHTS - DECEMBER 2021

By Bloomberg, "Vietnam’s economic growth accelerated in the fourth quarter as manufacturing revived and exports extended their recovery from the pandemic slump earlier this year."

VIETNAM NEWS HIGHLIGHTS - JANUARY 2022

GDP of Vietnam is expected to rebound to 5.5 percent growth in 2022 in a scenario where the pandemic is under relative control both at home and abroad. The rebound of the economy will be supported by a more accommodating fiscal policy, at least in the first part of 2022.

VIETNAM REAL ESTATE INVESTMENT MARKET OVERVIEW AND OUTLOOK 2022

The Covid-19 outbreak caused great disruptions to the Vietnam real estate market in the year 2020 to 2021. However, production and business activities have since gradually regained growth momentum, and the Government's policy to push socio-economic recovery and development has shown positive effects since the beginning of this year. In the first 9 months of 2022, Vietnam attracted about US$15.4 billion in foreign investment, up 16.2% over the same period last year. Real estate investment continues to rank second among sectors attracting the most foreign direct investment with over US$3.5 billion received, accounting for 18,7% of the total amount of investment. GDP in the first nine months of 2022 increased by 8.83% over the same period last year, the highest growth in the past decade. This shows that Vietnam is still among the markets with great potential for investment in the Asia Pacific region.

CJ BUILDING

2 Bis - 4 - 6, CJ BUILDING

No. 6 Le Thanh Ton street, Sai Gon Ward, HCMC

Tel: +84 28 6255 6800 | Fax: +84 28 6255 6801

Email: leasing@cjbuilding.com.vn