Ho Chi Minh City Office Market Dynamics Q1 2026

HCMC's office market demonstrated resilience in Q1 2026, with net absorption of approximately 12,600 sqm despite no new completions during the quarter. The overall vacancy rate improved to 13.3%, down from 14.0% in Q4 2025. Gross asking rents remained stable, with CBD Grade A averaging USD 64.7 per sqm per month, up 1.1% y-o-y, while Grade B maintained at USD 33.6 per sqm per month. Total supply stands at 1,861,002 sqm NLA across Grade A and B segments.

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