The Hanoi office market welcomes new office buildings
In 2023, Hanoi witnessed contrasting trends in rental prices for Grade A and B office spaces. Grade A office rents increased slightly by 1.2% at the beginning of the year and remained stable throughout, reaching $29.0/sqm/month. This increase was driven by a few centrally-located offices that planned to enhance their facilities and services. Conversely, the average rent for Grade B offices in Hanoi decreased by 1.4% compared to the previous year, settling at $14.5/sqm/month due to new, competitively-priced supply in the Dong Anh district.
The majority of successful office leases in 2023 in Hanoi were in Grade A buildings such as Capital Place, Lancaster Luminaire, and Lotte Mall West Lake Hanoi.
According to leading real estate companies in the Hanoi office rental market, tenants prefer high-quality office spaces. This segment is mainly occupied by multinational companies.
In terms of supply, the Hanoi market in the first quarter of 2024 experienced a significant increase in the amount of new office space available for rent, rising by 12% compared to 2022. Grade A offices led the way with nearly 100,000 sqm, concentrated in areas such as Me Tri, Tay Ho, and Cau Giay. Grade B offices also contributed almost 70,000 sqm, mainly in Thanh Xuan and Cau Giay districts.
HUDTOWER – A prominent office building with a luxurious design and modern amenities
The entry of new office buildings, including HUDTOWER, located at 37 Le Van Luong, Thanh Xuan, Hanoi, has provided tenants with more options. HUDTOWER serves as the headquarters of the Housing and Urban Development Corporation (HUD), the project’s developer.
The building comprises twin towers of 27 and 32 stories, including six floors of commercial and service space and three basement parking levels. Its primary function is to provide office space for rent, with a total area of 55,000 sqm.
HUDTOWER’s luxurious amenities create an elegant atmosphere befitting an international-standard office building.
The building’s architecture, designed by KYTA Singapore, leaves a unique and impressive mark on the cityscape. The tower’s sail-like shape symbolizes progress, and it was recognized with a gold design award by the Vietnam Real Estate Association at the Vietnam International Real Estate Exhibition in 2009.
HUDTOWER is equipped with state-of-the-art technology and modern conveniences to meet the needs of businesses. It boasts spacious interiors, 2.6-meter-high suspended ceilings, low-E double-glazed windows for soundproofing and heat insulation, and mostly imported furniture from G7 countries. Additionally, it features 11 high-speed elevators, a central chiller air conditioning system, a building management system, a smart parking system, 24/7 security surveillance, and a fire protection system that meets stringent modern standards.
With its modern furnishings and amenities, HUDTOWER is a leading choice for office rentals.
Tenants can freely express their creativity and design flexible office spaces without worrying about area limitations. The building’s columns are strategically placed at the corners, providing up to 1,100 sqm of usable space per floor per tower. This layout is ideal for large-scale companies that embrace the open-space concept.
Conveniently located, HUDTOWER is situated in an emerging financial and economic hub of the capital city. The surrounding area is home to numerous prominent businesses, fostering a network of corporate connections and future development advantages. With excellent accessibility, it takes just over 40 minutes to reach Noi Bai International Airport, 15 minutes to get to the National Convention Center, and less to other key destinations.
HUDTOWER still has vacant spaces available for businesses seeking to establish their offices there. It promises to deliver Grade A services with the support of CBRE Vietnam and leading smart amenities. With a commitment to being a trusted partner for enterprises, HUDTOWER strives to create sustainable value and a successful business foundation in Vietnam, always prioritizing tenant satisfaction.
For more information and to schedule a visit, please contact:
Website: http://hud-tower.com.vn
Email: [email protected]
Hotline: (+84) 983 37 27 37
Address: 37 Le Van Luong, Nhan Chinh, Thanh Xuan, Hanoi
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