CBRE: Office rents remain stable until Q1

Source: Pano feed

Manh Tung


Greg Ohan, director of office services at CBRE Vietnam, is seen at a seminar on the office market in HCMC on Monday - PHOTO: MANH TUNG

Greg Ohan, director of office services at CBRE Vietnam, is seen at a seminar on the office market in HCMC on Monday - PHOTO: MANH TUNG



Greg Ohan, director of office services at CBRE Vietnam, told at a seminar on the office market in HCMC on Monday that the supply of new offices for lease in this city has just inched up in 2011-2014 and work on some new office building projects has stalled. This has resulted in a reduction in the volume of unoccupied offices in the period.


Figures of CBRE Vietnam indicated 175 small- and medium-scale buildings are under construction in the city. Of which, only grade-A project Vietcombank in District 1 is planned to be put into service in the next quarter, while others will not be completed until 2016 or 2017.


Ohan forecast tenants would find it difficult to look for large spaces with quality management in downtown area, while those in need of small- and medium-scale offices will have various choices.


Ohan said enterprises with high demand for offices would be mainly from banking, finance, insurance, drug and information technology industries and from such markets as the United States, Germany, South Korea and Europe.


Ohan predicted that the demand for new offices with low rent, which has been a major trend in the past three years, could fade next year as tenants tended to move to large offices with more advanced facilities.




Đăng ký: VietNam News

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