Based on Q1 2026 market reports, the total office supply in Vietnam’s two major hubs—Hanoi and Ho Chi Minh City—has surpassed an impressive 5 million m².
However, a key shift is that new supply is no longer concentrated solely in the Central Business District (CBD).
Ho Chi Minh City: The Rise of “New Business Hubs”
Grade A office rents in District 1 remain at record-high levels, ranging from $55 – $70/m².
This has driven a relocation trend toward emerging areas such as Thu Thiem, District 7, and Binh Thanh, where newly developed, modern buildings offer more competitive rental rates, typically from $35 – $45/m².
Hanoi: Intense Competition in the Grade B Segment
Hanoi has witnessed a significant increase in office supply, particularly in the western areas such as Cau Giay and Nam Tu Liem.
Grade A office rents in Hoan Kiem remain stable at $45 – $60/m², while the Grade B segment has become a highly competitive battleground, with rental rates ranging from $18 – $30/m².
