Asia Pacific Office Outlook 2024

HO CHI MINH CITY

NEW SUPPLY

N EW S U P P LY ( S QM )

90,000

FORECAST

80,000

70,000

 HCMC welcomed 65,500 sqm of new Grade A supply in 2023 from the non-CBD area.  In 2024, an additional 85,500 sqm of Grade A office space is to be introduced to HCMC market. Two out of the three new projects will be in the prime location of the CBD.  From 2025 onwards, two more projects are likely to come online. Marina Central Tower (67,600 sqm) will be the largest office building in the CBD area.

60,000

50,000

40,000

30,000

20,000

10,000

-

2021

2022

2023F

2024F

2025F

2026F

2027F

Source: Cushman & Wakefield