Ho Chi Minh City Figures Q1 2026

Office: The Grade A and Grade B offices recorded healthy improvement in vacancy rate in Q1 2026, with Grade A offices declined sharply by 1.7 percentage points q-o-q to 16.5%,  while Grade B also saw a further reduction in vacancy, decreasing by 0.7 percentage points q-o-q to 11.9%. 

Retail: Vacancy rates in both CBD and non-CBD decreased compared q-o-q. The CBD area recorded a vacancy rate of 3.0%, down 0.4 ppt q-o-q and down 2.0 ppt y-o-y. Average asking rent in non-CBD areas increased by 3.8% y-o-y, while in the CBD area increased by 4.1% y-o-y.

Residential: Condominium supply recorded a strong rebound, with 1,642 units launched, marking a notable improvement compared to the muted levels observed in early 2025, increasing by 369% y‑o‑y. In contrast, landed housing supply remained limited, while the market continued to absorb the existing inventory from Q4 alongside relatively few new project launches, with only 87 units introduced during the quarter.

Industrial land: The Southern industrial land market recorded 52% of the total projected new supply for 2026 in the first quarter alone, with land lease transactions predominantly concentrated in areas such as Dong Nai and Long An.

RBW/RBF: Occupancy rates for RBF and RBW remained healthy, reaching 93% and 77%, respectively. Amidst competitive pricing pressure to attract tenants, the average asking rents remained relatively stable q-o-q, at USD 5.2/sqm/month for factories and USD 5.0/sqm/month for warehouses.