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: Savills' report
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