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HANOI MARKETBEAT REPORTS

Phuoc Vo • 11/01/2021
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Office: Significant absorption was recorded, mainly from the new completions, whilst existing projects suffered modest or negative take-up due to the negative impacts of the pandemic.

Industrial: The average rent for industrial land in Hanoi remained the highest among the Northern provinces, at 20% - 50% higher than in Bac Ninh, Hai Phong, or Hung Yen.

Apartments for Sale: In Q4 2020, new launches rose by nearly 29.0% q-o-q to 4,200 units, although still down by nearly 38.0% y-o-y. Grade B dominated with over 50.0% of new launches.

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

CURRENT MARKETBEAT

Office Buildings CBD
Hanoi Office MarketBeat

The upwards trend is expected to persist in the short to medium-term with forecasts of better market performance in the upcoming period.

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Warehouse Internal Rack
Hanoi Industrial MarketBeat

Market performance continued to gradually improve, with the occupancy rate up modestly on both a quarterly and yearly basis at 1 pp to 77%.

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Warehouse Internal Rack
Hanoi Apartments for Sale MarketBeat

On the yearly basis, Grade A prices remained stable while Grade B recorded an increase of 5.0%.

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