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CBRE: prices and occupancy rates of office will increase in 2018

According to CBRE Vietnam, economic growth, FDI capital influx and traffic infrastructure are constantly improved in order to create driving forces for recent movements, and are expected to continue being a foundation for the growth of office-for-lease market in 2018. In Hanoi, CBRE forecast that banks and technology firms are proactively seeking for destinations to expand their network in recent years, and will continue to lead in term of office demand. Stable demand from traditional business sectors and the growth rate of new ones like logistics, education, co-working space will increase occupancy rate. Meanwhile, starting 2020 onward, office market in HCMC is forecast to gradually focus on Grade A office with many high-class buildings and tenants, resulting high occupancy rate in the city’s office market.