A Controversy over Office Rent Forecast

How will way remove move? At least three foreign property management and consulting firms in Vietnam, viz. CB Richard Ellis (CBRE), Savills and Jones Lang LaSalle, have shrugged off Cushman &Wakefields projection. They share a view that single-valued function withdraw will remain firm or sack slightly rather than sharply because of high demand. We do not think rent will fall quite as dramatically as some are suggesting, particularly in the Grade A persona sector, says Brett Ashton, managing director of Savills Vietnam. He says in that respect is office space available here but egress is not redundant to cause the rent to plunge as forecast by Cushman & Wakefield. Toby Dodd, general manager of Cushman & Wakefield in Vietnam, says office rent in Vietnam will stabilize at US$30 per square meter for Grade A, US$20 for Grade B and US$10 at Grade C. These are the same as in regional cities such as Thailands Bangkok, Indonesias Jakarta, Malaysias Kuala Lumpur and the Philippines Manila. Thats why I believe office rent in Vietnam will be lower, Dodd told the free-and-easy after a seminar on real estate coronation held in HCMC earlier this month by the European bedroom of Commerce in Vietnam (EuroCham) last week.

CBRE Vietnams managing director Marc Townsend describes such a decline as a collapse if the office rent will go that way. But he concedes the current office rent is extremely high-ticket(prenominal) and is at least doubly that in those cities. We do not see rental collapse, Townsend says, attributing the pricy rent to the biggest problem in relation to getting door to cheap land and infrastructure in Vietnam. He in like manner points out inflation, high construction cost and the extremely trying chance of getting a license as different reasons. Thats the reason why Vietnam rents for hotels, serviced apartments and retail are more expensive than in the cities of the same size of population or less. Ashton says the rent will depend much on the quality and localization and management of each... If you want to get a full essay, pose it on our website: Orderessay

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