Biotech and life sciences occupiers in Hanoi typically cluster in West Lake / Tay Ho, plan ~320 sqft per seat at high-end fit-out ($125–185/sqft), and pay around 312 USD/sqft ($29 USD) on Class A.
Biotech and life sciences occupiers in Hanoi typically cluster in West Lake / Tay Ho, plan ~320 sqft per seat at high-end fit-out">fit-out ($125–185/sqft), and pay around 312 USD/sqft ($29 USD) on Class A.
Biotech and life sciences occupiers in Hanoi typically anchor in West Lake / Tay Ho. Embassies, expat services, boutique HQs, hospitality.
Class A rent in Hanoi runs 312 USD/sqft ($29 USD) on a 5-year lease with 6 months free. Prime submarkets sit at or modestly above the city index.
Typical biotech and life sciences fit-out targets high-end specification at $125–185/sqft. Branded reception, full client-facing programming, premium furniture, and specialist AV are standard.
Plan around 320 sqft per seat blended (workstation + circulation + amenity). A 100-headcount biotech office in Hanoi typically targets 32,000 sqft of leasable area.
Cluster effects are decisive: PhD-grade talent concentrates near academic-medical anchors and translational research institutes. Strong manufacturing, IT, BPO, and services talent. Vietnam National University Hanoi, Hanoi University of Science and Technology (HUST), and FPT University anchor the regional pipeline. Multilingual (Vietnamese, English, Korean, Japanese) talent supports FDI tenancy.
Headline corporate tax: 20%. Vietnamese gross structure (rent inclusive of management fees). Rents typically quoted in USD/sqm/month and paid in VND at official FX. 3-5 year terms standard. Rent-free of 4-8 months on 5-year terms plus USD 200-400/sqm TI typical.
| city | Hanoi |
|---|---|
| industry | Biotech and life sciences |
| naics | 541714, 541715, 325412 |
| preferredSubmarket | West Lake / Tay Ho |
| preferredFitoutSpec | High-end |
| fitoutBand | $125–185/sqft |
| sqftPerSeat | 320 |
| classARentLocal | 312 USD/sqft/yr |
| classARentUsd | $29/sqft/yr |
| vacancyPct | 14.4% |
| typicalLeaseYears | 5 |
| typicalRentFreeMonths | 6 |
| talentIndex | 72 |
| corporateTaxPct | 20% |
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.