Ho Chi Minh City's office market is undergoing a significant transformation driven increasingly by value-enhancement upgrades. According to JLL, although location and rental rates are still determining factors, energy efficiency, workplace environment quality, net-zero capability and employee experience are now becoming top priorities for occupiers.
Global research by JLL shows that approximately 65 percent of current office buildings risk becoming obsolete by 2030 if not upgraded. This presents both a challenge and an opportunity to reposition and create new value for existing assets.
According to JLL’s report in Ho Chi Minh City (old boundary) and Hanoi, total office supply stands at approximately 4.1 million square meters (44.1 million square feet), of which Grade A offices account for only 33 percent. Notably, around 65 percent of Grade A supply has achieved international green certification and most have been developed with environmental, social
