HCM CITY (Biz Hub)— CBRichard Ellis Viet Nam Ltd Company (CBRE) has said the office leasing market in central Da Nang City remained subdued throughout much of 2013.
Vacancies decreased year-on-year across all sectors at the expense of falling rents in the Grade B and C sectors.Meanwhile, the Grade A market managed to stabilise rental yields for the year.
Vacancies remain in the market despite new projects nearing completion.The Grade A market will see upward pressure on tenants from limited supply, with no softening in rents expected. — VNS