- Tags: Office Market News,
- Author: Admin STS,
- Date posted: 01/10/2026
Hanoi Grade A Offices 2026: Rents, Supply & Prime Locations
Hanoi Grade A office rents reached USD 36.8/m²/month (gross) in Q2 2026, down slightly by 1% year on year. Vacancy rose to 26.2%, up from 16.5% at the end of 2025, as new supply concentrated in the western districts. For occupiers, 2026 offers more choice and more room to negotiate than Ho Chi Minh City. This article covers rents, supply and the areas worth considering, including Ba Dinh and Cau Giay.
Hanoi Grade A office rents in 2026
Grade A rents in Q2 2026 ranged from about USD 32–37/m²/month, depending on the report and the basis used (gross or excluding service charges).
| Period | Basis | Grade A rent (USD/m²/month) | Vacancy / occupancy |
|---|---|---|---|
| Q2/2026 | Gross (incl. service charge) | 36.8 | 26.2% vacancy |
| Q2/2026 | Asking rent | 32.2 | 77% occupancy |
New supply in Q2 was about 60,000 m², mainly from IFC Hanoi in the Tay Ho Tay area, while net absorption in the first half was only about 3,200 m². Landlords have therefore stepped up incentives: longer rent-free periods, upgraded services and green building certifications. Grade B rents stood at USD 21.4/m²/month with 83% occupancy.
Tip when comparing prices: always ask whether the quoted rent includes service charges and VAT. For the same building, gross and net rents can differ by several dollars per m².
Supply: shifting west
New supply is concentrated almost entirely in the west, while the old city centre has almost no new projects.
- H1 2026: over 50,300 m² of lettable space from 3 projects (2 Grade A, 1 Grade B), mostly in the west; all new projects achieved LEED certification.
- H2 2026: about 60,000 m² more expected, also in the west.
- 2026–2028: around 400,000 m² forecast to enter the market, 83% of it in the west.
Major Grade A projects due for completion:
| Project | Area | Size (m²) | Expected |
|---|---|---|---|
| Parc Hanoi | Xuan Dinh | 45,000 | 2027 |
| Maslight Tower | Yen Hoa | 79,947 | 2028 |
| B3CC2A | Xuan Dinh | 65,000 | 2028 |
| Capital One | Dai Kim | 52,500 | 2028 |
| Detech | Cau Giay | 45,000 | 2028 |
| Time Square Hanoi | Yen Hoa | 40,000 | 2028 |
With supply growing faster than demand, new western buildings are competing on incentives: free fit-out periods, fit-out contributions or softer rents for early tenants.
Comparison with Ho Chi Minh City
Based on Q2 2026 figures, Grade A offices in Hanoi are about 39% cheaper than in HCMC, and the Hanoi market has more available supply.
| Criteria (Q2/2026) | Hanoi | HCMC |
|---|---|---|
| Grade A rent | USD 32.2/m²/month | USD 53.2/m²/month |
| Grade A occupancy | 77% | 89.8% |
| Trend | Flat rents, falling occupancy | Slightly lower rents, rising occupancy |
| New supply | Abundant, shifting west | Scarce in the CBD, expanding to the fringe |
In HCMC, limited land in the centre lets landlords hold rents. In Hanoi, tenants have the upper hand: more options, flat rents and easier lease negotiations.
Prime locations
Ba Dinh suits businesses that need a central, prestigious address; Cau Giay and the western districts suit those needing newer buildings, larger floors and softer rents. Since the administrative restructuring in July 2025, many former district names are now ward names, but the market still refers to them by area.
Ba Dinh: administrative centre, limited supply
- The Lieu Giai – Kim Ma – Dao Tan corridor is home to established Grade A towers such as Lotte Center Hanoi and Capital Place.
- Close to government offices and embassies; suits FDI companies, representative offices and international organisations.
- Almost no new projects, so vacancy is low and landlords rarely discount. Start your search 6–9 months ahead.
Cau Giay – Yen Hoa: the new hub of the west
- Between the old centre and the west, well connected via Tran Duy Hung, Pham Hung and Xuan Thuy.
- Several upcoming Grade A projects: Maslight Tower (79,947 m²) and Time Square Hanoi (40,000 m²) in Yen Hoa, Detech (45,000 m²) in Cau Giay.
- Suits technology and finance companies needing large floors in new, green-certified buildings.
Nam Tu Liem – Xuan Dinh: large supply, strong incentives
- Where most new supply is concentrated: Parc Hanoi (2027) and B3CC2A (2028) in Xuan Dinh.
- Plenty of large floor plates and flexible terms; suits expanding companies or those consolidating several offices.
Hoan Kiem: the traditional CBD
- A prestigious location, but most buildings are older and new projects are rare.
- Suits banks, law firms and brands that need a central address.
Advice for occupiers
In 2026, tenants in Hanoi have stronger negotiating power, especially in the west.
- Compare on the same basis: convert quotes to gross rent (including service charges) and separate VAT before comparing buildings.
- Negotiate beyond rent: rent-free fit-out periods, fit-out contributions, parking allocation and renewal options with capped increases.
- Consider new buildings in the west: LEED-certified, large floors and more flexible than the old centre.
- Move early for Ba Dinh or Hoan Kiem: limited availability, so start searching 6–9 months ahead.
- Calculate total occupancy cost: include overtime charges, air-conditioning, parking and staff commuting, not just the contract rent.
FAQ
What is the rent for Grade A offices in Hanoi in 2026?
About USD 32–37/m²/month in Q2 2026: around USD 36.8/m²/month gross and around USD 32.2/m²/month asking rent.
How much cheaper are Grade A offices in Hanoi than in HCMC?
About 39%: USD 32.2 vs USD 53.2/m²/month (Q2 2026).
Which areas of Hanoi have the most new Grade A offices?
The western districts, including Cau Giay, Yen Hoa, Xuan Dinh and Nam Tu Liem. About 83% of the 400,000 m² of new supply in 2026–2028 is located there.
Should I rent an office in Ba Dinh or Cau Giay?
Ba Dinh suits businesses that need a central address near government offices and embassies. Cau Giay suits businesses that need newer buildings, larger floors and more flexible costs.
Read more
- Office for lease in Ba Dinh, Hanoi
- Office for lease in Cau Giay, Hanoi
- Top 10 Grade A office buildings in HCMC 2026
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