Illustrative image (Source: VNA)Many businesses have also called Vietnam a silverlining in economic development in Southeast Asia. Therefore, the office marketwould remain an attractive investment channel.
In its review on the fourth quarter of 2022, SavillsVietnam said Hanoi’s office leasing segment experienced improvements in termsof both occupancy and prices, which, experts forecast will further grow in thetime ahead.
Hoang Nguyet Minh, Commercial Leasing Director ofSavills Hanoi, noted that the segment has maintained its attractiveness toinvestors thanks to its stability, and suggested investors take intoconsideration office projects.
The agency said the occupancy rose by 1 percentagepoint quarter on quarter and 7 percentage points year-on-year.
The flow of foreign capital into the Vietnameseoffice market has pushed up investment costs and rental prices subsequently,which would be seen in Hanoi this year, Minh said.
Meanwhile, the demand is on the rise among IT andproduction firms, and most recently financial, banking and insurance companies,Savills said, pointing to higher requirements in environmental, social andgovernance (ESG) criteria.
The agency added that Hanoi expects to have at leastseven green office projects by 2025, raising the supply to 276,000 sq.m./.
VNA
