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Hanoi, Vietnam Hanoi, Vietnam


Hanoi MarketBeat Reports

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

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Office: In Q2 2023, no new supply entered Hanoi market. In H1 2023, a total of 21,500 sq.m of office space was added, coming from Lancaster Luminaire (Grade A) in Dong Da district. 

In line with the decentralization, Grade A and B supply is mainly located in non-CBD area, which is 6.2 times higher than that in the CBD. 

Retail: Average GF asking rent remains relatively stable in Q2 2023 across Hanoi market, recorded a slight growth of 0.4% QoQ. Overall occupancy has also recovered as large tenants start to open new stores across the city, along with the re-entry of renovated project. 

Apartment: In Q2 2023, the apartment market recorded a new supply of nearly 1,680 units, down 17% QoQ and 65% YoY. The Mid-end segment continued to account for the majority of new supply in the quarter, at about 84%. Most of the new supply comes from Western Hanoi and from the next phase of existing primary projects.

The MarketBeat Q2 2023 report provides insights into the residential, industrial, retail, and office segments.

Learn more by clicking our most recent Hanoi MarketBeat reports below.

Hanoi All Sector MarketBeat Q2 2023
Download the report for more insights from our experts.


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