May 26, 2023 | 14:10 GMT+7

Grade A office rents in HCMC at attractive prices for foreign businesses

Ban Mai -

Leasing prices now 40% lower than in Singapore.

The supply of Grade A office space for lease in Vietnam’s major urban areas, including Ho Chi Minh City, has become limited in the context of global businesses seeking modern and effective workspaces that meet their standards and cater to their shifting plans.

In Ho Chi Minh City, the total leasing area of Grade A office space accounts for only 12 per cent of the market share, with 295,000 sq m, while Grade B office space makes up 42 per cent, according to Savills Vietnam.

Meanwhile, rental costs for Grade A office space in the southern city are lower than in other countries in the region. In particularly, costs are 40 per cent lower than in Singapore, which is considered an attractive price for foreign investors.

The city plans to build more high-quality offices for lease to meet demand among businesses.

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