There are some signs that office rental prices are following a downward trend.
The warning came from Greg Ohan, director of Office Leasing Department of CBRE Vietnam at a press conference held in HCM City on September 25.
Mr Ohan said by the end of the third quarter, the average leasing price of level A offices had dropped slightly to more than US$30 per square metre per month and many companies planned move from B class to A-class buildings.
CBRE Vietnam said that more than 45,000 square metres of office space in level A and B buildings will be finished and launched on to the market soon.
The average leasing office space is 300 square metre with a rental price hovering between US$15-25 per month, but demand far exceeds supply.
The office space for lease in Bitexco Financial Tower – the highest building in the southern hub, has been amongst fully occupied most of the time.
In the meantime, four-fifths of ICON 68 building’s trade centre has been booked in advance including seven cinemas, restaurants and culinary areas before it officially opens in late November.