# Hanoi Class A office rents and incentives

> Headline Class A rent in Hanoi is around $312/sqm/yr · ≈ $29 PSF/yr USD, with 6 months of typical rent-free on a 5-year term.

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

## TL;DR
- Headline Class A rent: $312/sqm/yr · ≈ $29 PSF/yr USD.
- Trophy submarket rents (Ba Dinh) push to roughly $360/sqm/yr · ≈ $33.4 PSF/yr USD.
- Typical concessions on a 5-year deal: 6 months free rent.
- Vacancy stands at 14.4% — market trend is rising.
- Use effective rent (face minus PV of concessions), not headline, to compare deals.

## Key facts
- **city**: Hanoi
- **country**: Vietnam
- **region**: APAC
- **classARentLocal**: $312/sqm/yr · ≈ $29 PSF/yr USD
- **classARentUsd**: $29/sqft/yr
- **vacancy**: 14.4%
- **typicalLeaseYears**: 5
- **typicalRentFreeMonths**: 6
- **submarkets**: 5
- **primeYieldPct**: 7.6%
- **trophyRent**: $360/sqm/yr · ≈ $33.4 PSF/yr USD
- **primeRent**: $336/sqm/yr · ≈ $31.2 PSF/yr USD

## FAQ
### What is the average Class A rent in Hanoi?
Around $312/sqm/yr · ≈ $29 PSF/yr USD across the broader Class A index. Trophy submarkets like Ba Dinh command 20–40% above that.

### How many months of rent-free are normal in Hanoi?
6 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

### Are rents rising or falling in Hanoi?
The Hanoi Class A market is currently rising. Vacancy is 14.4%, which sets the negotiating context.

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