Hanoi’s commercial real estate market in good shape
Analysts at Savills Hanoi believe that the solid recovery of Vietnam’s economy has aided the recovery of Hanoi’s commercial real estate market. Grade A office rents now stand at a ten-year high.
Real estate in position to rebound
Vietnam’s commercial real estate market has recovered strongly since the end of 2021. Hotels have been busy welcoming tourists now that social distancing measures have been lifted. The retail space and demand for office space for lease have also increased thanks to solid FDI attraction. These provide a foundation for real estate to become active once again in 2022.