Outlook 2023 Vietnam

HO CHI MINH CITY NEW SUPPLY

NEW SUPPLY (SQM)

80,000

 New supply in HCMC is expected to reach about 65,000 sqm in 2023; however, this would come from outside the CBD.  The next new CBD building will be The Nexus (30,000 sqm), which is currently under construction with expectant completion in 2024.  Beyond 2024, supply is more

FORECAST

70,000

60,000

50,000

40,000

uncertain with at least three projects starting construction; recent market instability may influence the progress of these projects.

30,000

20,000

10,000

-

2020

2021

2022F

2023F

2024F

2025F

2026F

Source: Cushman & Wakefield