Office rentals in Hanoi offer more choices

Office rent prices in Hanoi are currently decreasing by 10-20 percent, while more suitable renting options are available for tenants, according to Greg Ohan, Director of the office leasing services section of CBRE Vietnam – a subsidiary of the world’s largest commercial real estate services and investment firm.

In order to attract tenants, office buildings have tried to modernise their facilities, including clean water filter systems, automatic car parking and toilets with five-star hotel standards.

Several buildings also arranged spaces for yoga and gym courses in addition to banking services and cafeterias.

CBRE reported a trend of companies operating in the same industry choosing the same area, citing an example that many pharmaceutical companies have relocated their offices to Dong Da and Ba Dinh districts with high-quality buildings and suitable prices.

The central area remains an alternative for banks, investment funds, consultancy and law firms, and new foreign enterprises, said the foreign property consulting service provider .

Meanwhile, enterprises operating in information technology and transport as well as businesses from the Republic of Korea have prioritised buildings in the western edge of the city, where office prices remain stable.

According to CBRE’s survey, about 106,000 square metres of office will be added to the western area in the near future.-VNA