- Tags: Office Market News,
- Author: Hoa Mai Milu,
- Date posted: 05/11/2026
Budgeting for Office Rent in 2027 as Rents Stay High
Office rent budget 2027 in HCMC: firm rents, monthly cost of 100 sqm by grade and five steps to budget on total occupancy cost.
How Should Companies Budget for Office Rent in 2027 as Rents Stay High?
Office budgets for 2027 should be built on total occupancy cost with a buffer for rent increases, because rents in Ho Chi Minh City remain high.
Where are rents now?
Q1/2026 market data reported in the press put average Grade A rent in HCMC at about USD 47.2/sqm/month and Grade B at about USD 26.9/sqm/month, with vacancy falling in both segments despite no new supply (Thoi bao Tai chinh Viet Nam). Central Grade A asking rents reached about USD 64.7/sqm/month, up 1.1% year on year (Doanh nhan – Bao Phap luat).
Forecasts for late 2026 to early 2027 expect core CBD rents to rise 2–4%, while near-centre areas such as Binh Thanh, Phu Nhuan and Tan Binh stay flat (CafeLand).
Total cost of 100 sqm by building grade
Based on asking-price data for featured buildings in the SEE the SPACE portfolio in HCMC (Nov 2026), median rent plus management fee is USD 48.8/sqm for Grade A, USD 28/sqm for Grade B and USD 19/sqm for Grade C.
For 100 sqm, Grade A costs about USD 2,080 more per month than Grade B – nearly USD 25,000 a year before VAT.
Five steps to a 2027 office budget
- Size the space you really need, based on people in the office on a typical day, not total headcount.
- Budget total occupancy cost: rent, management fee, 10% VAT, electricity, overtime and parking.
- Build in rent escalation using the annual adjustment clause of your current or target lease, especially in the CBD.
- Plan one-off costs: deposit (usually 2–3 months), fit-out, relocation and reinstatement of the old premises.
- Negotiate early and compare options: rent-free fit-out periods, capped escalation, renewal versus relocation, near-centre locations or serviced offices for small teams.
SEE the SPACE view
“With rents this firm, the biggest savings usually come from leasing the right size and negotiating early, not from picking the lowest asking rent. Companies whose leases expire in 2027 should start looking 6–9 months ahead.” — SEE the SPACE
Contact SEE the SPACE
Contact SEE the SPACE for updated supply, help finding the right size and a 2027 office cost plan.
SEE the SPACE - Your Space, Expertly Guided
📞 Hotline: 0768 999 647
📧 Email: [email protected]
🌐 Website: seethespace.vn
Sources: Thoi bao Tai chinh Viet Nam, 18 Apr 2026; Doanh nhan – Bao Phap luat, Q1/2026 HCMC office market; CafeLand, HCMC office market 2026–2027, 1 Jul 2026; SEE the SPACE HCMC asking-rent data, Nov 2026.
