Ho Chi Minh City office rents remain stable despite increased leasing

Ho Chi Minh City office rents remained broadly stable during the third quarter of 2026, according to Real Estate Asia. Landlords competed primarily on building quality and leasing flexibility rather than raising rates. Grade A office space in the central business district recorded monthly rents ranging between 50 USD and 55 USD per square metre. [1]

Leasing activity across the city improved during the quarter. Real Estate Asia reported that demand was driven by business expansion, relocations, and workplace restructuring. While traditional occupiers in technology, finance, and professional services remained active, leasing was supported by a more diversified tenant base that included industrial, manufacturing, healthcare, fast-moving consumer goods, and foreign direct investment firms. [1]

Ho Chi Minh City is the most populous centrally governed city in Vietnam, reaching a population of more than 14 million people in 2025. The city's geography is defined by a network of rivers and canals, with the Saigon River serving as its largest major waterway. [6]