The latest report from Savills Vietnam revealed that in the third one fourth of 2016, Hanoi’s company market saw a slight drop in rents.

Hanoi company rents declined slightly with Q3-2016

Hanoi office rents dropped slightly in the 3rd quarter of 2016

In accordance with the report, due to downward adjustments to both Grade Some sort of and C office space, the common rents in Q3 happened 0. 5% quarter-on-quarter yet up 3% year-on-year.

In the meantime, average occupancy recorded a raise of 2. 2 ppts over the previous quarter and second . 8 ppts over the very same period last year. In particular, Class A went up minimal payments 3 ppts and Rank B rose 2 . in search of ppts quarter-on-quarter.

Office provide in Hanoi remained stable quarter-on-quarter but climbed 9% compared to last year. A new task is expected to launch inside final quarter of the calendar year, adding nearly 11, 300 sq m to the sector.

The total take-up of the full market reached about 3, 000 sq m. Particularly, Grade B led industry with nearly 18, 000 sq m, followed by Level A (8, 400 sq m) and Grade C (4, 300 sq m).

Office supply is supposed to rise significantly in the forthcoming time. Ba Dinh and Dong Da districts along with the West of the city are actually the new focuses since serviced office space segment has become a lot more popular.

During the third one fourth, Hanoi market also experienced a booming growth throughout co- working space and serviced office which advantages from flexibility and convenience. With one of these kinds of offices, occupiers can offer a private working room or even use general offices as well as other amenities such as bar, bistro, wireless Internet and printing areas.