What Can We Expect from Offices in Ha Noi in 2023 and Beyond?

According to Savills Viet Nam Q4/2022 market report, the office market in Ha Noi expects dynamic and diverse supply in the next few years. By the end of 2023, five new projects are expected to be handed over, providing more than 90,000 sq m of office space. Grade A will dominate the future supply, which will meet the demand for high-quality offices from domestic and international enterprises in Ha Noi. From 2024, 324,000 sq m from 11 projects are expected, mostly in the West.

Have a look at Savills curated list of new office buildings in Ha Noi that will open in 2023 and 2024. Have a look at our list of these buildings:

New Office Buildings Expected in 2023

1. 36 CAT LINH (Dong Da)

36 Cat Linh is a Grade A office building developed by Thanh Hoa Construction Corporation. Handover is expected in Q4/2023. With a net floor area of 18,000 sq m and unique architecture inspired by rice terraces, 36 Cat Linh is in a prime location in the heart of Ha Noi’s new business district. The property offers outstanding office and retail features and promotes sustainability with its LEED certificate.

36 Cat Linh is primed for embassies, banks, F.I.R.E and ICT companies looking for new high-quality offices.

See more: Why are Office Demand from the ICT Sector Growing?

2.  Lotte Mall (Tay Ho)

Lotte Mall is a premium complex by Lotte in the West of Ha Noi. It offers a reputable property manager and access to an array of facilities. Not only does it cater to retail tenants, but also office tenants. The diverse amenities, smart building management system, and 21,000 sq m NLA of high-quality offices make it a comfortable home for high-end tenants. Handover is expected in Q2/2023.

New Office Buildings Expected in 2024

 1. Taisei Hanoi Office Tower (Cau Giay)

Taisei Hanoi Office Tower is Taisei Corporation’s first office project in Ha Noi. The property will deliver Japanese-quality spaces and services across a two-level retail podium and 18 office levels.

The property is at the intersection of Cau Giay, Thanh Xuan and Nam Tu Liem districts, ensuring prime access to Roygent Parks, Vinhomes Green Bay, National Convention Center, JW Marriott Hotel, and Keangnam Landmark 72. Handover is expected in Q2/2024.

2.  Gelex Ly Thai To (Hoan Kiem)

This property has a prime location at the junction of Tran Nguyen Han and Ly Thai To streets, a few minutes from Hoan Kiem Lake. Gelex Ly Thai To has Grade A offices and retail spaces for lease, as well as a luxury hotel by the world-renowned Fairmont. Gelex Ly Thai To will be a premier choice for companies, shoppers and tourists in the centre of Ha Noi.

Gelex Ly Thai To is expected to start operations in Q2/2024 and will have a net leasable area of 11,910 sq m.

3. TIEN BO PLAZA (Dong Da)

Tien Bo Plaza is a future commercial complex at 175 Nguyen Thai Hoc, Dong Da. It will have 20,000 sq m of high-quality offices for lease, combined with a shopping mall, hotel and green spaces. These features make working at Tien Bo Plaza incredibly convenient. The project is expected to be handed over in Q1/2024.

Conclusion

New office buildings in Ha Noi will deliver high-quality offices, reputable property managers, diverse facilities, and prime locations, which are all ideal for leading local and international companies looking to establish themselves, expand, or relocate. As the launch of Samsung’s R&D centre is expected to drive FDI inflows into Ha Noi, office demand will be boosted.

Contact Savills Commercial Leasing Team for more information.

Read more:

• Top 12 Grade A Office Buildings in Ha Noi
• Unpack Office Rent and Occupancy In Ha Noi