--- title: "Hanoi Class A Office Market" description: "Vietnam's political capital with deep Korean and Japanese FDI tenancy." canonical: https://classa.info/cities/hanoi pageType: city lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > 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. ## 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. # Hanoi Class A Office Market *Vietnam's political capital with deep Korean and Japanese FDI tenancy.* ## 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](/topics/trophy-asset-selection). - [Class A](/glossary/class-a) vacancy near 14% — moderate for emerging Asian markets. - Vietnamese corporate tax of 20% with active investment incentive regime. ## Overview Hanoi is Vietnam's political capital and second-largest Class A market after Ho Chi Minh City. Anchored by deep Korean (Samsung, LG) and Japanese (Honda, Canon) FDI tenancy plus growing technology and shared-services demand. The Ba Dinh and Hoan Kiem districts anchor heritage CBD; Cau Giay and the West Lake corridor anchor the post-2010 trophy tier. ## Market snapshot | Class A rent | 312 USD/sqft/yr (28.985776530811325 USD)| | Vacancy | 14.4%| | Typical lease length | 5 years| | Typical rent-free | 6 months| Composite of Q1 2026 broker market reports for Hanoi (JLL, CBRE, Cushman & Wakefield, Colliers, Knight Frank, Savills). ## Lease norms 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. ## Transit & access Hanoi Metro (Line 2A operational, Line 3 partially open) plus extensive bus network. Noi Bai International Airport is a 45-minute drive from central Hanoi. ## Tax Vietnamese corporate tax of 20% (15-17% for high-tech and special economic zones; 10% for HSR / high-tech for first 15 years). 10% VAT. ## Talent 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. ## Notable Class A buildings - **Lotte Center Hanoi** [](https://www.google.com/maps/search/?api=1&query=Lotte%20Center%20Hanoi%2C%20Ba%20Dinh%2C%20Hanoi%2C%20Vietnam%2C%20Ba%20Dinh%2C%20Hanoi%2C%20Vietnam&query_place_id=ChIJjdY5kmyrNTERz9T13OflR5s) · Ba Dinh — Tallest building in Hanoi. - **Keangnam Hanoi Landmark Tower** [](https://www.google.com/maps/search/?api=1&query=Keangnam%20Hanoi%20Landmark%20Tower%2C%20Cau%20Giay%2C%20Hanoi%2C%20Vietnam%2C%20Cau%20Giay%2C%20Hanoi%2C%20Vietnam&query_place_id=ChIJ28TAQ6tUNDERBhGZ1uv_bts) · Cau Giay — Korean Keangnam mixed-use trophy. - **Vietcombank Tower** [](https://www.google.com/maps/search/?api=1&query=Vietcombank%20Tower%2C%20Ba%20Dinh%2C%20Hanoi%2C%20Vietnam%2C%20Ba%20Dinh%2C%20Hanoi%2C%20Vietnam&query_place_id=ChIJgzKg70qrNTERTzuASPVkcQI) · Ba Dinh - **Pacific Place Hanoi** [](https://www.google.com/maps/search/?api=1&query=Pacific%20Place%20Hanoi%2C%20Ba%20Dinh%2C%20Hanoi%2C%20Vietnam%2C%20Ba%20Dinh%2C%20Hanoi%2C%20Vietnam&query_place_id=ChIJV1wdIIirNTERpGtv8hsyFg8) · Ba Dinh - **Capital Place** [](https://www.google.com/maps/search/?api=1&query=Capital%20Place%2C%20Ba%20Dinh%2C%20Hanoi%2C%20Vietnam%2C%20Ba%20Dinh%2C%20Hanoi%2C%20Vietnam&query_place_id=ChIJc_OUHi2rNTERIYHbLqLL_hY) · Ba Dinh — Mixed-use post-2020 trophy. ## Class A submarkets in Hanoi - [**Ba Dinh**](/cities/hanoi/ba-dinh) — Government and trophy core. (trophy) - [**Cau Giay**](/cities/hanoi/cau-giay) — Western trophy and tech corridor. (trophy) - [**Hoan Kiem**](/cities/hanoi/hoan-kiem) — Heritage CBD core. (trophy) - [**West Lake / Tay Ho**](/cities/hanoi/west-lake-tay-ho) — Premium expat and embassy district. (prime) - [**Dong Anh / Bac Ninh Corridor**](/cities/hanoi/dong-anh-bac-ninh-corridor) — Northern manufacturing and FDI corridor. (established) ## Hanoi deep-dives - [Rents and incentives](/cities/hanoi/topics/rents-and-incentives) — What does Class A rent cost and what concessions are typical? - [Sublease market](/cities/hanoi/topics/sublease-market) — How deep is [sublease](/topics/sublease-strategy)">sublease availability and how does it price? - [ESG and LEED stock](/cities/hanoi/topics/esg-and-leed) — How much certified stock exists and what premium does it command? - [Transit and commute](/cities/hanoi/topics/transit-and-commute) — Which submarkets have the strongest transit access? - [Talent and salaries](/cities/hanoi/topics/talent-and-salaries) — What does the white-collar talent pool look like and how is it priced? - [Fit-out costs](/cities/hanoi/topics/fit-out-costs) — What does a Class A [fit-out](/topics/fit-out-capex)">fit-out cost per square foot? - [Flex vs lease](/cities/hanoi/topics/flex-vs-lease) — When does premium [coworking](/topics/lease-vs-flex) beat a traditional lease? - [Taxes and incentives](/cities/hanoi/topics/taxes-and-incentives) — What corporate, occupancy, and property taxes apply? - [Neighborhoods overview](/cities/hanoi/topics/neighborhoods-overview) — Which Class A submarkets exist and how do they compare? - [Notable buildings](/cities/hanoi/topics/notable-buildings) — Which trophy assets define the market? - [Class A vs Class B](/cities/hanoi/topics/class-a-vs-class-b) — What is the spread between Class A and [Class B](/glossary/class-b) and why? - [Leasing conventions](/cities/hanoi/topics/leasing-conventions) — What lease structures, terms, and concessions are normal? - [Expansion checklist](/cities/hanoi/topics/expansion-checklist) — What is the operational checklist for opening here? - [Relocation guide](/cities/hanoi/topics/relocation-guide) — How do you move into this market from another city? - [Frequently asked questions](/cities/hanoi/topics/faq) — Quick answers to the questions occupiers ask most. - [Operating expenses](/cities/hanoi/topics/operating-expenses) — What service charges, OpEx, and pass-throughs apply on top of rent? - [Growth and availability](/cities/hanoi/topics/growth-and-availability) — How tight is current availability and what does the pipeline look like? - [Sustainability pathways](/cities/hanoi/topics/sustainability-pathways) — How do tenants land net-zero or science-based-target leases here? - [Hybrid work policy](/cities/hanoi/topics/hybrid-work-policy) — How are hybrid policies shaping office demand here? - [Security and redundancy](/cities/hanoi/topics/security-and-redundancy) — What security, power, and connectivity redundancy are standard? - [Lab and R&D space](/cities/hanoi/topics/lab-and-r-and-d) — What does R&D-grade or wet-lab space look like in this market? - [Brand experience](/cities/hanoi/topics/brand-experience) — How do trophy buildings function as brand experiences and showpieces? - [Fund strategy and flag](/cities/hanoi/topics/fund-strategy-and-flag) — Which submarkets carry the strongest investor flag for funds? - [Exit and renewal](/cities/hanoi/topics/exit-and-renewal) — How do you handle a Class A renewal or exit cleanly here? - [Market cycle position](/cities/hanoi/topics/market-cycle-position) — Where is this Class A market in its cycle right now? ## Frequently asked questions ****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. ## Editorial provenance Reviewed by [**Class A Atlas Editorial Desk**](/about/authors/class-a-atlas-editorial-desk) — House byline · global editorial team. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) ## Related topics - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, managed office) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/hanoi), updated 2026-04-15T00:00:00.000Z.