The most recent report from Savills Vietnam revealed that in the third 1 / 4 of 2016, Hanoi’s workplace market saw a slight decrease in rents.
Hanoi company rents declined slightly throughout Q3-2016
Hanoi office rental prices dropped slightly in the third quarter of 2016
In accordance with the report, due to downward alterations to both Grade A and C office space, the average rents in Q3 happened 0. 5% quarter-on-quarter yet up 3% year-on-year.
At the same time, average occupancy recorded a raise of 2. 2 ppts within the previous quarter and second . 8 ppts over the exact same period last year. In particular, Level A went up minimal payments 3 ppts and Class B rose 2 . in search of ppts quarter-on-quarter.
Office source in Hanoi remained secure quarter-on-quarter but climbed 9% compared to last year. A new job is expected to launch inside the final quarter of the 12 months, adding nearly 11, 500 sq m to the market place.
The total take-up of the full market reached about twenty three, 000 sq m. Specially, Grade B led the market with nearly 18, 000 sq m, followed by Quality A (8, 400 sq m) and Grade T (4, 300 sq m).
Office supply is supposed to rise significantly in the on its way time. Ba Dinh along with Dong Da districts and also the West of the city happen to be the new focuses since maintained office space segment has become increasingly more popular.
During the third 1 / 4, Hanoi market also observed a booming growth within co- working space as well as serviced office which benefits from flexibility and convenience. With these kinds of offices, occupiers might have a private working room or even use general offices along with other amenities such as bar, restaurant, wireless Internet and printing areas.
