Offices in downtown Hanoi appeal to tenants

Office tenants are eyeing downtown Hanoi once again as leasing prices in other areas are rebounding, a realty expert has said.
Office tenants are eyeing downtown Hanoi once again as leasing prices inother areas are rebounding, a realty expert has said.

The impending Trans-Pacific Partnership and the Vietnam-European Unionfree trade agreement are likely to boost office rental demand, saidDirector of CBRE Vietnam Office Services Greg Ohan.

Some foreign companies have even set aside budgets to rent officespaces over a 5-10 year span at stable prices, which they believe willbe profitable once a wave of foreign investment returns.

Nigel Smith, Managing Director of Landlord Office Agency, Asia, saidoffices in prime locations are well-rented thanks to its proximity tourban infrastructure, and that the trend is also seen in Hong Kong andBangkok.

In major metropolises, office towers around 500-800 metres from subways and shopping outlets also have an advantage./.

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