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Da Nang office leasing continues to be sluggish

Update: December, 02/2013 - 08:14

HCM CITY (VNS)— CBRichard Ellis Viet Nam Ltd Company (CBRE) has said the office leasing market in central Da Nang City remained subdued throughout much of 2013.

Vacancies decreased year-on-year across all sectors at the expense of falling rents in the Grade B and C sectors.Meanwhile, the Grade A market managed to stabilise rental yields for the year.

Vacancies remain in the market despite new projects nearing completion.The Grade A market will see upward pressure on tenants from limited supply, with no softening in rents expected. — VNS

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