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2022 Asia Pacific Mid-Year Real Estate Market Outlook
August 11, 2022
Harnessing Growth, Navigating Uncertainty
The recovery trend continued with improved indicators in all grades and total net absorption at 21,000 sqm in HCMC. Co-working space are coming back with high occupancy rate of more than 90% and operators continued to seek for expansion.
Rents increased in both grades while strong leasing momentum ensured a stable absorption rate.
2022 Future of Work
An Exploration of How and Where Work Will Get Done
See our latest data, insights and solutions to understand, anticipate and influence the future.
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The recovery trend continued with improved indicators in all grades and total net absorption at 21,000 sqm in HCMC. Co-working space are coming back with high occupancy rate of more than 90% and operators continued to seek for expansion.
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Rents increased in both grades while strong leasing momentum ensured a stable absorption rate.
In May 2020 the Ho Chi Minh City (HCMC) Department of Home Affairs issued a development plan proposing the merger of Districts 2, 9 and Thu Duc in East HCMC to create a new and independent administrative entity informally dubbed “The Eastern City” or “Thu Duc City”.
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