Coworking office space supply in HCMC up 16%, rents down 35%
Ho Chi Minh City has seen a 16% increase in leasable floor space in the serviced office and coworking sector this year but a commensurate fall in overall occupancy and asking rents.
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Avison Young, a 45-year-old Canadian real estate service firm, expands its APAC reach to the South-East-Asian market by taking on board 100 industry experts in Ho Chi Minh City and Hanoi.
Vietnam stands at a crossroads within the dynamic currents of global trends, with the potential to become a strategic link in the world's global supply chain.
The global economic slowdown, the impact COVID-19 pandemic, and internal difficulties have put Vietnam’s real estate market in a tough situation.
Ho Chi Minh City has seen a 16% increase in leasable floor space in the serviced office and coworking sector this year but a commensurate fall in overall occupancy and asking rents.
After going through tough times, Vietnam's real estate market has been showing signs of growth since the second quarter of 2023, when property prices and demand both went up.
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