Asia Market Research

As Vietnam’s economy is growing rapidly with 21.5% y-o-y increase in FDI as of Q1 2017, there is increasing demand for new offices, and thus it is no surprise that Ho Chi Minh city’s office supply becomes shortage with reduced vacancy each year. However, the introduction of Mapletree Business Centre in District 7 offers a solution to the limited new supply. It is known that District 7, with improving infrastructure as well as connections to other parts of the city (especially CBD), has become another destination of businesses and multinationals.

HCMC Office Market Outlook Q1 2017

As Vietnam’s economy is growing rapidly with 21.5% y-o-y increase in FDI as of Q1 2017, there is increasing demand for new offices, and thus it is no surprise that Ho Chi Minh city’s office supply becomes shortage with reduced vacancy each year. However, the introduction of Mapletree Business Centre in District 7 offers a solution to the limited new supply. It is known that District 7, with improving infrastructure as well as connections to other parts of the city (especially CBD), has become another destination of businesses and multinationals.

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This report was provided by CBRE Vietnam. For more information on CBRE Vietnam, visit their website at: http://www.cbre.com/

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