Entering Q3 2024, Hanoi's office market is witnessing a revival with three new buildings in Hai Ba Trung, Cau Giay and Dong Da districts, which helps the city's Grade A&B office supply to exceed 1,7 million sqm.
The net absorption is estimated at around 22,000 sqm, with the majority coming from the West and the City Center, showing the trend of future customers prioritizing new buildings in these areas, where infrastructure is developing strongly and prices are competitive.
Especially in the context of a highly competitive market, investors have emphasized future projects with modern specifications and green certificates such as LEED or EDGE, suitable for Cau Giay, Dong Da, Ba Dinh and Hoan Kiem districts - where many new office projects are concentrated, providing many green and modern amenities.
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