Companies in sectors less affected by the economic crises and those with deep pockets are driving transactions in the HCM City office market, analysts have said.
HCM City’s office market has witnessed its first positive signs in the first half of this year since being affected by the COVID-19 pandemic for the previous two years, experts said.
With limited vacancies and high rents in the central business district in HCM City, non-CBD supply will continue to deliver affordable office space and keep a ceiling on rents, according to Savills Viet Nam.
In the second half of 2015 the HCM City office market is expected to
add more than 100,000sq.m of office space from one grade A and three
grade B projects, according to the latest report from Cushman and
Wakefield on the city real...