District 1 is a trophy-tier Ho Chi Minh City submarket with average asking rent around ₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD.

  • Average asking rent: ₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: ₫1,500,000/sqm/mo · ≈ $65.2 PSF/yr USD ($65 USD).
  • Citywide vacancy: 7.4% — submarket-level availability is typically tighter at trophy tier.

District 1, Ho Chi Minh City office rents and availability

District 1 is a trophy-tier Ho Chi Minh City submarket with average asking rent around ₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD.

TL;DR

  • Average asking rent: ₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: ₫1,500,000/sqm/mo · ≈ $65.2 PSF/yr USD ($65 USD).
  • Citywide vacancy: 7.4% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

District 1 averages around ₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD for Class A, against a citywide Class A index of 1500000. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

HCMC's trophy core. Banking, multinational HQs, professional services, hospitality, retail HQs.

Key facts

cityHo Chi Minh City
submarketDistrict 1
tiertrophy
averageRentLocal₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD
cityClassARentUsd$65/sqft/yr
cityVacancyPct7.4%

Frequently asked questions

What is the average Class A rent in District 1, Ho Chi Minh City?
Around ₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD. The citywide Class A index sits at ₫1,500,000/sqm/mo · ≈ $65.2 PSF/yr USD.

Related

Editorial provenance

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

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