What's a typical lease term in Ho Chi Minh City?

3 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.

How is rent quoted in Ho Chi Minh City?

In VND/sqft/year. We also publish a USD-normalised view ($59/sqft/yr) for cross-market comparison.

Net leases.

Typical lease length: 3 years.
Typical rent-free: 4 months.
Vacancy: 7.4%; trend rising.
Net leases.

Ho Chi Minh City office lease norms

Net leases.

TL;DR

Typical lease length: 3 years.
Typical rent-free: 4 months.
Vacancy: 7.4%; trend rising.
Net leases.

Structure

Net leases. 3-year terms with renewal options. Free rent of 3-6 months and TI of VND 6-12M/sqm typical.

Negotiating levers

Free rent and TI remain the most negotiable line items; landlords prefer concessions to face-rent cuts because they preserve headline rent and implied valuation. Always model effective rent (face minus PV of concessions).

Key facts

city	Ho Chi Minh City
country	Vietnam
region	APAC
classARentLocal	1500000 VND/sqft/yr
classARentUsd	$59/sqft/yr
vacancy	7.4%
typicalLeaseYears	3
typicalRentFreeMonths	4
submarkets	5
primeYieldPct	6.4%

Frequently asked questions

What's a typical lease term in Ho Chi Minh City?: 3 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.
How is rent quoted in Ho Chi Minh City?: In VND/sqft/year. We also publish a USD-normalised view ($59/sqft/yr) for cross-market comparison.

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction