--- title: "Hoan Kiem, Hanoi — Class A submarket" description: "Heritage CBD core." canonical: https://classa.info/cities/hanoi/hoan-kiem pageType: neighborhood lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Hoan Kiem is a trophy-tier Class A submarket of Hanoi with average asking rent around $360/sqm/yr · ≈ $33.4 PSF/yr USD. ## TL;DR - Heritage CBD core. - Trophy tier — ~$360/sqm/yr. - Active Class A leasing market with deal flow across major broker desks. # Hoan Kiem, Hanoi — Class A submarket *Heritage CBD core.* · Tier: trophy · Avg rent: $360/sqm/yr · ≈ $33.4 PSF/yr USD ## TL;DR - Heritage CBD core. - [Trophy tier](/topics/trophy-asset-selection) — ~$360/sqm/yr. - Active [Class A](/glossary/class-a) leasing market with deal flow across major broker desks. ## Overview Hoan Kiem — Hanoi's heritage CBD around Hoan Kiem Lake — anchors the city's heritage Class A core. Banking, government, professional services in heritage French Quarter and post-2000 mid-rise stock. ## Tenant profile Banking, government, hospitality, professional services. ## Typical specification 15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common. ## Transit Hanoi Metro Line 3 (Hanoi Station planned). Multi-modal transit captures the metro's principal professional catchment. ## Amenities Hoan Kiem Lake, Old Quarter, French Quarter. ## Comparable buildings - **Pacific Place Hanoi** [](https://www.google.com/maps/search/?api=1&query=Pacific%20Place%20Hanoi%2C%20Hoan%20Kiem%2C%20Hanoi%2C%20Vietnam%2C%20Hoan%20Kiem%2C%20Hanoi%2C%20Vietnam&query_place_id=ChIJV1wdIIirNTERpGtv8hsyFg8) - **Hilton Hanoi Opera Office** [](https://www.google.com/maps/search/?api=1&query=Hilton%20Hanoi%20Opera%20Office%2C%20Hoan%20Kiem%2C%20Hanoi%2C%20Vietnam%2C%20Hoan%20Kiem%2C%20Hanoi%2C%20Vietnam&query_place_id=ChIJi8ToCeyrNTERZ9Sjp2jIrlY) - **Sofitel Metropole Office** [](https://www.google.com/maps/search/?api=1&query=Sofitel%20Metropole%20Office%2C%20Hoan%20Kiem%2C%20Hanoi%2C%20Vietnam%2C%20Hoan%20Kiem%2C%20Hanoi%2C%20Vietnam&query_place_id=ChIJTbX4mOurNTERJV-mNCKY1pA) ## Where Hoan Kiem sits in Hanoi Hoan Kiem is one of 5 Class A submarkets we cover in Hanoi, classified as trophy tier with an average asking rent around $360/sqm/yr · ≈ $33.4 PSF/yr USD. Compared with the broader Hanoi Class A stock, Hoan Kiem typically attracts Banking, government, hospitality, professional services and competes most directly with the city's other trophy submarkets on building specification, transit access, and [amenitisation](/glossary/amenitisation). Adjacent submarkets to study alongside Hoan Kiem: [Ba Dinh](/cities/hanoi/ba-dinh), [Cau Giay](/cities/hanoi/cau-giay), [West Lake / Tay Ho](/cities/hanoi/west-lake-tay-ho), [Dong Anh / Bac Ninh Corridor](/cities/hanoi/dong-anh-bac-ninh-corridor). The full Hanoi submarket atlas is at [/cities/hanoi](/cities/hanoi). ## Topic deep-dives for Hoan Kiem For an institutional Class A occupier evaluating Hoan Kiem, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket: - [Hoan Kiem — ](/cities/hanoi/hoan-kiem/rents-and-availability) - [Hoan Kiem — ](/cities/hanoi/hoan-kiem/tenant-profile) - [Hoan Kiem — ](/cities/hanoi/hoan-kiem/transit-and-commute) - [Hoan Kiem — ](/cities/hanoi/hoan-kiem/amenity-and-lifestyle) - [Hoan Kiem — ](/cities/hanoi/hoan-kiem/trophy-and-comparables) - [Hoan Kiem — ](/cities/hanoi/hoan-kiem/fit-out-and-spec) ## Related glossary Terminology specific to Hanoi Class A leasing and to the trophy tier: [Class A](/glossary/class-a), [Trophy asset](/glossary/trophy-asset), [Effective rent](/glossary/effective-rent), [Concession package](/glossary/concession-package), [TI allowance](/glossary/ti-allowance), [Submarket tier](/glossary/submarket-tier). ## 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](/topics/fit-out-capex)">fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/hanoi/hoan-kiem), updated 2026-04-15T00:00:00.000Z.