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Office for lease: Newcomers lower the market prices

According to CBRE Vietnam, new office projects launched in Q1-2016 have lower leasing prices than the market's average price, pulling down the average price of the whole segment. About occupancy rate, CBRE's survey showed that the office market is recording strong growth, mainly from domestic demand with the absorption of 37,320sqm, up 26pct q-o-q and 8pct y-o-y. The emphasis point of the office market in 2016 is that the prosperity of fields like technology, electronics, IT, banking, finance and insurance continue to lead in office expansion, the strong growth of outsourcing also generates demand on hiring floor and terms, boosting the market's development.