Cushman & Wakefield: Ho Chi Minh City Grade A office occupancy rises to 89.8% as supply stays tight

CWK•2026-09-17

Cushman & Wakefield flagged a tightening Ho Chi Minh City office market in Q2 2026, with no new supply in core or expanded areas.
Occupancy rose in the core area to 89.8% for Grade A and 91.3% for Grade B; net absorption reached 14,458 sq m.
Average rents slipped to USD 53.2 per sq m per month for Grade A and USD 33.3 for Grade B, with incentives sustaining tenant leverage.
“Flight-to-quality” demand shifted toward workplace experience, operational standards, technology, transit access and hybrid-work support; weaker Grade A assets risk falling behind.
Expanded markets posted modest gains, with occupancy at 82.7% in Binh Duong and 87.9% in BR-VT; rents held at USD 20.2 and rose to USD 10.4, respectively.

Sources

Publicnow