1. Grade A Office Market Landscape in HCMC
1.1 New Supply and Geographical Shifts
Grade A office supply in HCMC is undergoing a clear redistribution across both sides of the Saigon River:
- Traditional CBD Core (Former District 1): Maintains its exceptional appeal thanks to heritage value, the concentration of administrative agencies, and completed infrastructure connections via Metro Line 1. New developments here prioritise technology upgrades and internal green space optimisation on riverfront land plots (such as the Ton Duc Thang and Le Duan axes).
- New CBD (Thu Thiem New Urban Area): Is strengthening as the development focal point with a massive supply of large floor plates. Methodical urban planning adhering to international standards in Thu Thiem thoroughly addresses the shortage of large floor plates for multinational corporations.
1.2 Rentals and Occupancy Trends
1.2.1 Average Rent Fluctuations
In H1/2026, the HCMC office market maintained a stable state backed by solid rental baselines and occupancy rates. Within this landscape, the Grade A segment affirmed its core role despite currently accounting for only 19% of total market supply. Although the scale of Grade A supply in HCMC remains modest compared to markets like Bangkok, Jakarta, or Singapore, this segment is upgrading rapidly thanks to new, larger-scale projects with superior development quality.
Regarding rental rates, the overall market recorded VND 900,000/m²/month in Q1/2026. Meanwhile, Grade A buildings in the central core and Thu Thiem kept gross asking rents at premium levels, driven by operational standards that meet green certifications. Leasing demand showed positive net absorption, heavily concentrated in Grade A and B offices, reflecting a clear preference for high-quality workspaces in strategic locations.
By 2028, the city will add 100,000 m² NLA across 4 new projects. Looking further ahead to 2029, 72% of future supply will expand beyond the traditional CBD. The establishment of the Ho Chi Minh City International Financial Center (HCMC IFC) promises to reinforce Grade A leasing demand in the CBD while accelerating Thu Thiem's transformation into the city's next-generation office hub.
1.2.2 Occupancy In Market Demand
According to the Savills Vietnam Q2/2026 market research report, the overall market occupancy rate remained steady at 88%.
Leasing demand demonstrated strong concentration in the Grade A and Grade B office segments, particularly within the CBD and Thu Thiem. The primary growth centres around buildings achieving green certifications completed within the past 3 years.
1.3 Key Drivers of Grade A Office Demand
Four core sectors continue to drive Grade A office demand in HCMC for the 2025–2026 period: Banking & Finance, Strategic Consulting, Information Technology (IT), and Healthcare/Pharmaceuticals. These industries maintain their roles as mid-term demand drivers, showing clear preferences for smart, green-certified buildings situated in strategic locations.
For detailed market movements and specific project information regarding Grade A offices in HCMC, businesses can consult the Commercial Office Leasing Services at Savills Vietnam.
2. Why Should Businesses Rent Grade A Offices?
2.1 Affirming Strategic Brand Positioning
Selecting a Grade A office directly elevates brand value, demonstrating strong financial standing and a commitment to sustainable development. This serves as a long-term foundation for building trust with partners and clients while establishing a superior competitive market position.
2.2 Attracting and Retaining Talent While Boosting Productivity
A modern working environment plays a pivotal role in HR strategies, especially as companies compete for talent in tech, finance, and professional services. Grade A buildings provide spacious layouts, international-standard air filtration systems, optimal natural light, and a rich array of internal amenities such as pantries, restaurants, and cafes. These features directly enhance the working experience, boost productivity, and help retain top talent, particularly among younger workforce demographics who prioritise flexible, sustainable environments.
2.3 Sustainable Development (ESG)
Most new Grade A office projects in HCMC are now required to meet international certifications such as LEED and WELL (health and wellness standards). Choosing a green-certified Grade A office enables enterprises to cut energy consumption and carbon emissions significantly while fulfilling ESG commitments to global investors. Quality enhancement trends in 2025–2026 show that companies increasingly prioritise smart, energy-efficient, and eco-friendly buildings as part of their overall ESG strategy.
2.4 Professional and Secure Property Management
Comprehensive 24/7 security systems equipped with smart access controls (smart cards, facial recognition, AI surveillance cameras) safeguard corporate assets and data at the highest level. Furthermore, Grade A buildings are typically managed by international property management firms that enforce rigorous technical, sanitation, and maintenance protocols, minimising operational downtime. Professional management quality is a key deciding factor for long-term lease commitments, particularly amidst growing demands for secure and stable workplaces.
3. Prominent Grade A Office Buildings in HCMC
3.1 Historic District 1 Core (Le Duan, Nguyen Hue, Dong Khoi Axes) and Saigon Riverfront
District 1 is HCMC's long-established financial centre, offering high brand value, dense commercial activity, and modern infrastructure. The area benefits directly from Metro Line 1 (Ben Thanh – Suoi Tien), enabling rapid connectivity from the central core to Thu Duc City's innovation hub and eastern traffic gateways.
3.1.1 The Kross
- Address: 3A–3B Ton Duc Thang Street, Ben Nghe Ward.
- Developer: Trung Viet Group (SSG Group).
- Scale: 36 levels + 5 basements.
- Completion Year: 2026.
- Floor Area: ~34,000 m² (NLA).
- Elevators: 6–8 high-speed.