Vietnam's GDP grew by 7.09% in 2024, with strong performance in agriculture, industry, and services. Exports and imports rose significantly, and foreign investment reached USD 6.31 billion.
Residential Market: Hanoi saw a surge in new apartment supply, with 28,700 units launched in 2024. The average primary price increased to USD 2,917/m². The landed property market also grew, with prices reaching USD 11,934/m².
Retail Market: No new supply in Q4 2024, maintaining nearly 1.4 million m² of retail space. The average rent for ground floor space was USD 44.6/sqm/month.
Office Market: Stable supply with high occupancy rates for Grade A offices. Rents are expected to increase by 1.7% to 2.2% in 2025-2026.
Industrial Park: The Northern Key Economic Region added new industrial parks and ready-built factories. The average rent for industrial land was USD 130/sqm/lease term. Future supply includes 4,000 hectares of industrial land and 971,000 sqm of ready-built factory space.
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Learn more by downloading our most recent Hanoi MarketBeat reports below.
