Vietnam office market to enter a new year of uncertainty
MarketPrime office rent across Ho Chi Minh City in Q4 2019 experienced a decade peak amid rising demand and limited supply while new launch drives up the total supply of Hanoi Grade B segment to 1.8 million square meters.
Which segment will take over the office pipeline in the new decade?
MarketCountry-wide, Grade A office is gradually leaving the stage to Grade B and flexible workspace. Nonetheless, the premium segment still retains its high occupancy and rent considering stable demand from foreigners
Hanoi office market in 3Q/2019: Total stock hits 2M sq.m
MarketThe supply came largely from Grade B which is located in both central business district (CBD) and non CBD.
Mid-end apartments took control over Hanoi residential market
MarketThe coming class of young professionals have propelled the Grade B apartment segment to become the main driver of the market. Largest estate developers are keeping up with this trend and showcasing multiple mid-end residential projects.
