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HCMC lacks supply of CBD A Grade office

On September 17, at a press conference to disclose information on HCMC office and serviced apartment market in Q3-2015, Greg Ohan, Head of Broker at CBRE Vietnam, said that in this quarter, office demand in the city continues to exceed supply. Currently, there are only five CBD office towers that can provide 1,000sqm products to tenants. The occupancy rate reduces sharply when real demand on A Grade and B Grade office increases, providing that the market is lacking of office-for-lease supply. About the future prospects, to the office market, CBRE said that there will be no new A Grade office supply in 2016.