OVERVIEW OF THE OFFICE MARKET IN Q1/2024

According to Savills's report, by Q1/2024, total stock of Grade A increased by 7% QoQ and 43% YoY. Four new Grade A buildings delivered since 2023 have been large-scale, and green-certified. 


Regarding solid performance, while Grade B and C maintained occupancy above 90%, Grade A fell to 84% down due to new supply.


Deals mainly came from expansion and relocation of tenants. 


In general, the office market in HCMC in Q1/2024 has optimistic signs compared to the end of 2023.


Source: https://vn.savills.com.vn/services/research/vietnam-quarterly-market-report-qmr-q1-2024.aspx?source=fb#contact-box 

Source: Savills' report

news relative
9 Strategies For Building Better Professional Relationships
Staying connected and developing professional relationships takes time, work, and strategy. If you’re trying to improve your professional connections, here are a few times for doing so both in your current work environment as well as online
Serviced Office Global Market Report 2022
The global serviced office market is expected grow from $27.83 billion in 2021 to $33.30 billion in 2022 at a compound annual growth rate (CAGR) of 19.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $64.06 billion in 2026 at a CAGR of 17.8%.
Hanoi Grade A office rents to slightly rise in last months of 2022
Total new supply in Hanoi office market is estimated at 103,600 square meters in 2022.
Starting off your first office? Here’s what you should consider….
Moving into your first office is a milestone that can help your business to set up and thrive, but when it comes to commercial office lease, it is a complex and lengthy process. Therefore, before making the final decision you will need to carefully consider a lot of things, and here are some important tips to follow throughout the leasing process to make the leasing process go more smoothly.
HCMC office-leasing market recovers after pandemic.
The market for leasing offices in HCM City is improving with the bright spot being combined offices as a viable and cost-optimal solution, according to Savills Vietnam.
CJ BUILDING

2 Bis - 4 - 6, CJ BUILDING

No. 6 Le Thanh Ton st., Ben Nghe Ward, Dist.1, HCMC

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

Email: info@onlyonebiz.com.vn

Copyright @2019 CJ BUILDING. All rights reserved