# Ho Chi Minh City office lease norms

> Net leases.

**Canonical URL:** https://classa.info/cities/ho-chi-minh-city/leasing-conventions
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

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

## Key facts
- **city**: Ho Chi Minh City
- **country**: Vietnam
- **region**: APAC
- **classARentLocal**: ₫1,500,000/sqm/mo · ≈ $65.2 PSF/yr USD
- **classARentUsd**: $65/sqft/yr
- **vacancy**: 7.4%
- **typicalLeaseYears**: 3
- **typicalRentFreeMonths**: 4
- **submarkets**: 5
- **primeYieldPct**: 6.4%

## FAQ
### 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 ($65/sqft/yr) for cross-market comparison.

---
Citation: Source: Class A Atlas (https://classa.info/cities/ho-chi-minh-city/leasing-conventions), updated 2026-04-15T00:00:00.000Z.