Can I keep the same density assumption when moving to Ho Chi Minh City?

Not without revalidation. Local density norms differ; loss factors differ; meeting-room intensity expectations differ. Re-run the Office Space Calculator with Ho Chi Minh City-specific defaults.

Moving into Ho Chi Minh City from another Tier 1 market means re-baselining occupancy economics in VND, re-running headcount density against local norms, and translating lease terminology to local conventions.

Re-baseline occupancy in VND (then USD for comparison).
Local lease conventions differ — translate terms via the Lease Term Translator.
Density assumptions vary materially by region; revalidate.
Build local counsel and broker relationships before the LOI, not after.

Ho Chi Minh City relocation guide

TL;DR

Re-baseline occupancy in VND (then USD for comparison).
Local lease conventions differ — translate terms via the Lease Term Translator.
Density assumptions vary materially by region; revalidate.
Build local counsel and broker relationships before the LOI, not after.

Re-baseline economics

Headline Ho Chi Minh City rent is 1500000 VND/sqft/yr ($59 USD). Translate your incumbent occupancy cost-per-seat to the same basis using the Occupancy Cost tool. Most cross-border moves underestimate fit-out">fit-out timeline and overestimate density transferability.

Translate the contract

Net leases. 3-year terms with renewal options. Free rent of 3-6 months and TI of VND 6-12M/sqm typical. Use the Lease Term Translator to map terminology before reading the LOI.

Build the local stack

Engage a tenant-rep broker, local counsel, an MEP/AV designer with Ho Chi Minh City project history, and a project manager who has run a Class A fit-out in this market in the last 24 months.

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

Can I keep the same density assumption when moving to Ho Chi Minh City?: Not without revalidation. Local density norms differ; loss factors differ; meeting-room intensity expectations differ. Re-run the Office Space Calculator with Ho Chi Minh City-specific defaults.

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

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