Office segment in HCM City in Q2. Source: C&W
Substantial space was absorbed during the quarter, 84% of which happened in grade B buildings, whilst absorption in grade A was minimal due to tight availability, it added.
Similarly, rents for both grades in Hanoi rose between April and June. Grade A recorded rental increases of 4.1% QoQ and 8.0% YoY due to the exit of a lower-rent project which was regraded to grade B. Meanwhile, grade B had modest increases of 0.7% QoQ and 2.5% YoY.