Summary and analysis of Ho Chi Minh City's current office real estate market conditions.
Insight
25 November 2025
Ho Chi Minh City Office Market Dynamics Q4 2025
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In 2025, Ho Chi Minh City’s CBD Grade A office market saw strong expansion, with tenants focused on upgrading workspaces. This flight-to-quality trend drove net absorption of around 35,000 sqm, led by demand from the logistics, technology, and manufacturing sectors.
Looking ahead, The Kross will be the only new Grade A addition in 2026, supplying over 32,000 sqm and intensifying competition, especially with notable vacancy at Saigon Marina IFC. The upcoming launch of the International Financial Center (IFC) is expected to attract more multinationals and high-value tenants, further reinforcing HCMC’s status as a regional financial hub and boosting premium office demand.
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