HCMC Grade A Office Market Q2 2026 | SEE the SPACE

HCMC Grade A Office Market Q2 2026: Occupancy Tops 90%, New Supply Accelerating

HCMC office market update Q2 2026: Grade A occupancy at 92%, rents stable at ~$55/sqm. The Kross and Vinhomes Grand Park set to add new supply.

Ho Chi Minh City's office leasing market continued to show stability in Q2 2026, with the Grade A segment maintaining strong performance on the back of sustained demand from technology, finance, and FDI-backed businesses.

Grade A Offices Hold Occupancy Above 90%

According to the latest research, HCMC's office leasing market in Q2 2026 continued to post positive and stable trends. Rents across most segments remained largely unchanged, while leasing demand held steady on the back of expansion activity from both domestic and foreign enterprises.

Notably, the Grade A segment in the city center maintained strong performance, with occupancy reaching approximately 92%. Demand was driven mainly by companies in technology, finance, and professional services, alongside FDI-backed businesses.

Alongside new leasing deals, the market also saw a number of existing tenants expand their office footprint — reflecting the business community's confidence in the city's growth outlook and continued appetite for long-term investment in HCMC.

Alongside new leasing deals, the market also saw a number of existing tenants expand their office footprint — reflecting the business community's confidence in the city's growth outlook and continued appetite for long-term investment in HCMC.

Average Grade A rent held at around US$55/sqm/month. Buildings with prime central locations, high operational standards, and integrated amenities remained the top choice for tenants and continued to see strong absorption — a trend already visible in the appeal of office space in Thu Thiem and Phu My Hung over recent quarters.

Grade B Offices: A Cost-Balanced Alternative

In the Grade B segment in the city center, the market also remained stable, with average rent at around US$32.5/sqm/month and occupancy at approximately 90%.

This segment continues to attract businesses seeking a balance between rental cost and workspace quality — a fit for companies scaling up operations while keeping overheads in check.

New Supply Gathering Pace, Expanding Beyond the City Center

On the supply side, the market saw positive signals as several large-scale office projects accelerated their development timelines:

• The Kross is entering its final completion phase and is expected to soon add new Grade A supply to the market.
• The office tower within the Vinhomes Grand Park urban development has officially broken ground after years on the development pipeline.

This segment continues to attract businesses seeking a balance between rental cost and workspace quality — a fit for companies scaling up operations while keeping overheads in check, particularly in areas like District 3 and Binh Thanh, where pricing is more competitive than the core center.

New Supply Gathering Pace, Expanding Beyond the City Center

On the supply side, the market saw positive signals as several large-scale office projects accelerated their development timelines:

• The Kross is entering its final completion phase and is expected to soon add new Grade A supply to the market.
• The office tower within the Vinhomes Grand Park urban development has officially broken ground after years on the development pipeline.

The advancement of these new projects not only adds to the pool of high-quality office supply but also signals a broader shift of office space development from the city center toward new growth hubs — a trend also covered in the HCMC Serviced Office Market Report Q2 2026.

Outlook: Positive on Sustained Demand

With leasing demand holding steady — particularly from the tech, finance, and FDI segments — the outlook for the high-quality office segment remains favorable going forward.

What This Means for Businesses Looking to Lease

1. Secure space early in central Grade A buildings — 92% occupancy means remaining options are limited. See the Top 10 Offices for Lease in District 1 for a curated list.
2. Watch The Kross and Vinhomes Grand Park — the two most notable upcoming supply additions, potentially offering more competitive pricing at launch.
3. Consider Grade B for tighter budgets — see the Top 10 Offices for Lease in Binh Thanh and Top 10 Offices for Lease in District 3 for more affordable options.

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