In Q2 2015, one new Grade A office building supplied 55,000 sqm of space in Ho Chi Minh City. The office market saw positive absorption and increasing occupancy rates across Grade A and B segments. Average occupancy was stable at 90% while Grade A saw slower improvement due to limited supply. Landlords softened rents slightly with Grade A decreasing 2% and Grade B increasing 0.3%. Approximately 150,000 sqm of new office space is expected by the end of 2015.