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Ho Chi Minh City MarketBeat Reports

06/10/2022
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Office: The market did not record new supply in Q3 2022, the total cumulative supply of Grade A and B is still 1.43 million sqm of office space. Office rent of the whole market remained stable, with US$59/sqm/month for Grade A, and US$34/sqm/month for Grade B.

Industrial: Industrial land supply increased significantly compared to last year, especially in Q1 and Q2 of 2022, mainly due to delayed projects from last year's pandemic. The total cumulative supply of the market reached 27,780 hectares, with an occupancy rate of 88%. 

Retail: The occupancy rate of the whole market reached 93%, and the total accumulated supply of shopping malls, department stores, and commercial podiums reached 1 million sqm. The average rental price is US$48,3/sqm/month, up 5.6% over the same period last year.

Apartment Market: Credit control policies that took effect from the beginning of July this year have partly created barriers to mobilizing capital from commercial banks, making it difficult for investors to deploy new apartment projects. Thus, the supply of new apartments in Q3 fell by 56% QoQ, with about 4,100 units offered for sale. 

Learn more by clicking our most recent Ho Chi Minh City MarketBeat reports below.

CURRENT MARKETBEAT

Office Buildings CBD
Ho Chi Minh City Office MarketBeat

In the next 3 years, the office market in Ho Chi Minh City will receive a series of newly completed office projects in prime locations like The Nexus (2023), The Hallmark (2023), The Crest Tower B (2023), The Sun Tower (2024), The Pearl (2024) and IFC One Saigon (2024).

Click here to download the report

Warehouse Internal Rack
Ho Chi Minh City Industrial Park MarketBeat

The market for ready-built factories and ready-built warehouses did not see a significant change in new supply, at 4,321,000 sqm and 4,702,000 sqm, respectively.

Click here to download the report

Shopping Retail
Ho Chi Minh City Retail MarketBeat

Future retail projects are on the rise, with approximately 140,000 sqm of floor space currently under construction.

Click here to download the report

Warehouse Internal Rack
Ho Chi Minh City Apartments for Sale MarketBeat

According to Cushman & Wakefield’s estimation, there will be more than 4,100 new apartments for sale by the end of this year and the East and South areas will lead the market.

Click here to download the report

RELATED INSIGHTS

Vietnam Marketbeat Q3 2022 card
MarketBeat

Ho Chi Minh City MarketBeat Q3 2022

Cushman & Wakefield’s latest MarketBeat report analyzes Q3 2022 economic and commercial real estate activity.
04/10/2022
Cold Chain Logistics
Insights • Logistics

Cushman & Wakefield: Vietnam‘s cold chain market is expected to boom

Vietnam's cold storage market is expected to grow rapidly, reaching $US295 million in 2025.
Xuan Pham • 10/03/2022
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Why 5G is More Important Than Ever for Commercial Real Estate

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Xuan Pham • 28/02/2022
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