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Office tenants move back downtown as rent drops

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Many companies are coming back to the center of HCMC as office rent has dropped after moving to the outskirts for several years.

 

Besides new customers, the market has seen many enterprises shifting among office buildings of grades A, B and C and from old buildings to newly-built ones to enjoy better places and prices.

 

A survey of Colliers International shows that many companies, which signed office leasing contracts two or three years ago, are considering breaking the deals, accepting penalties to move to buildings of grade A or B with better facilities.

 

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