# Hanoi Class A Office Market

> Hanoi Class A office rents around $312/sqm/yr · ≈ $29 PSF/yr USD, with 14.4% vacancy and 6 months of typical rent-free on a 5-year term.

**Canonical URL:** https://classa.info/cities/hanoi
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Korean (Samsung, LG) and Japanese (Honda, Canon) FDI tenancy anchors structural manufacturing and shared-services demand.
- Cau Giay and West Lake anchor the post-2010 trophy tier.
- Class A vacancy near 14% — moderate for emerging Asian markets.
- Vietnamese corporate tax of 20% with active investment incentive regime.

## Key facts
- **city**: Hanoi
- **country**: Vietnam
- **region**: APAC
- **classARentLocal**: $312/sqm/yr · ≈ $29 PSF/yr USD
- **classARentUsd**: $28.985776530811325/sqft/yr
- **vacancyPct**: 14.4%
- **typicalLeaseYears**: 5
- **typicalRentFreeMonths**: 6
- **submarkets**: 5
- **corporateTaxPct**: 20%
- **talentIndex**: 72

## FAQ
### How does Hanoi compare to Ho Chi Minh City?
Hanoi is materially smaller than HCMC as a Class A market and offers ~15-25% rent discount. Government and FDI manufacturing depth is stronger; financial services depth is shallower.

### What is the role of Korean FDI?
Material. Samsung Electronics' Vietnam operations (Bac Ninh and Thai Nguyen plants) anchor a deep Korean FDI cluster. Korean banks, manufacturing supply-chain partners, and trading houses maintain HQs in Hanoi.

### What is the impact of the metro rollout?
Metro Line 2A (Cat Linh - Ha Dong, opened 2021) and Line 3 (Nhon - Hanoi Station, partially open 2024) are reshaping Hanoi commute economics. Continued metro rollout will materially affect submarket rent dynamics through 2030.

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Citation: Source: Class A Atlas (https://classa.info/cities/hanoi), updated 2026-04-15T00:00:00.000Z.