HCMC OFFICE MARKET
Market Outlook in 2007:
9 Limited grade A office space still
remains.
9 Some new supply of Grade B office
space expected to come on line during
2007.
Expected
year of
completion
Supply of
new grade Expected
A, B & C
supply
buildings
(sqm)
2007 27 158,798
2008 18 180,657
2009 15 187,824
9 Grade A office rental rates reflects
upward momentum and growing demand
vis-à-vis tight supply 2010 12 273,146
9 Vacancy rate remains low, grade A (0%)
and B (<1%) TOTAL 72 800,425
9Factors driving demand: Strong
economic growth, FDI growth, WTO
access, new multi-national companies,
expansion of existing multi-national
companies, Vietnam companies
upgrading, safety & quality Issues
Client Logo
Goes Here
CB Richard Ellis | Page 14