# Ho Chi Minh City office rents hold steady as landlords compete on value

- **Source:** Real Estate Asia
- **Published:** 2026-10-26T01:00:00.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-office/news/ho-chi-minh-city-office-rents-hold-steady-landlords-compete-value
- **Topics:** Commercial & Industrial, Investment & Capital Markets

## Featured rationale

Improved leasing activity and selective supply expansion signal resilient demand, while competition on quality and flexible terms may limit near-term rental increases, particularly for older buildings.

## AI summary

Ho Chi Minh City office rents remained broadly stable in Q3 2026, with monthly Grade A CBD rents ranging from US$50 to US$55 per square metre.

## Original article

Monthly Grade A rents in the CBD ranged from USD50 to USD55 per square metre.

Ho Chi Minh City's office market saw improved leasing activity in Q3 2026, driven by business expansion, relocations and workplace restructuring, while rental rates remained broadly stable as landlords competed on building quality and leasing flexibility, according to Avison Young.

The property consultancy said tenant demand was becoming more diversified, with manufacturing, industrial, healthcare, fast-moving consumer goods (FMCG) and foreign direct investment (FDI) companies supporting leasing activity alongside traditional occupiers in finance, technology and professional services.

Tenants are increasingly assessing space efficiency, building quality, amenities, connectivity, technology infrastructure and the overall working environment, rather than focusing solely on location and floor area. Avison Young noted that businesses are placing greater emphasis on optimising office space and costs instead of pursuing expansion alone.

On the supply side, high-quality office developments continued to progress. OpusK in Thu Thiem topped out in late Q3 2026, marking further progress on the mixed-use project, which includes Grade A+ office space.

Office rents remained largely unchanged from the previous quarter. Grade A rents in the central business district (CBD) ranged from US$50 to US$55 per square metre per month, while non-CBD locations recorded rents of around US$45 to US$50 per sqm per month. Average Grade B rents in the CBD stood at approximately US$33.50 per sqm per month.

According to Avison Young, well-occupied, high-quality buildings were generally able to maintain rental levels, while older properties increasingly offered flexible leasing terms to remain competitive.

Leasing activity during the quarter was largely centred on lease renewals, changes in office size and relocations between buildings, rather than significant rental adjustments. Some landlords offered rent-free periods and fit-out support, while existing buildings upgraded common areas, improved amenities and enhanced operational standards to retain and attract tenants.

Avison Young's assessment points to a market increasingly focused on space efficiency and workplace quality, with leasing terms, service standards and building performance becoming more important differentiators as office supply expands selectively.

## Chinese translation

> Translation model: grok_cli

### 胡志明市办公楼租金保持稳定，业主以价值竞争

2026年第三季度，胡志明市办公楼市场租赁活动有所改善，受业务扩张、搬迁及工作场所重组推动，而租金

CBD甲级写字楼月租金介于每平方米50美元至55美元。

据Avison Young称，2026年第三季度，胡志明市办公楼市场租赁活动有所改善，受业务扩张、搬迁及工作场所重组推动，而租金大体保持稳定，业主则在楼宇品质和租赁灵活性上展开竞争。

该房地产咨询公司表示，租户需求正变得更加多元化。制造、工业、医疗健康、快速消费品（FMCG）及外国直接投资（FDI）企业，与金融、科技和专业服务领域的传统占用方一道，支撑着租赁活动。

租户日益评估空间效率、楼宇品质、配套设施、连通性、技术基础设施以及整体工作环境，而不再仅仅关注位置和楼面面积。Avison Young指出，企业更加强调优化办公空间和成本，而不是单纯追求扩张。

供应方面，高品质办公楼开发继续推进。位于守添（Thu Thiem）的OpusK于2026年第三季度末封顶，标志着这一包含甲级+（Grade A+）办公空间的综合用途项目取得进一步进展。

办公楼租金与上一季度基本持平。中央商务区（CBD）甲级租金为每月每平方米50美元至55美元，非CBD地段租金约为每月每平方米45美元至50美元。CBD乙级平均租金约为每月每平方米33.50美元。

据Avison Young称，入住情况良好的高品质楼宇总体上能够维持租金水平，而较旧物业则越来越多地提供灵活租赁条款，以保持竞争力。

本季度租赁活动主要集中在租约续签、办公面积变动以及楼宇之间的搬迁，而非显著的租金调整。部分业主提供免租期和装修支持，现有楼宇则升级公共区域、改善配套并提升运营标准，以留住并吸引租户。

Avison Young的评估指出，市场日益聚焦空间效率与工作场所品质；随着办公供应有选择地扩张，租赁条款、服务标准和楼宇表现正成为更重要的差异化因素。