According to Da Nang’s Statistics Bureau, real estate service revenue in Q3/2025 surged by 94.7% year-on-year—the highest growth rate since 2019. The office segment also showed improvement in both occupancy rates and rental prices.
Avison Young’s Q3/2025 Da Nang real estate market report reveals that occupancy rates for Grade A and B offices reached 84% and 89%, respectively. Average rental prices for Grade A offices remained steady at around $31/m²/month. Meanwhile, new supply entering the market was limited, primarily from restructuring projects or large commercial complexes.
The recovery of technology, trade, logistics, and tourism businesses has driven demand for Grade A and B+ office projects in the city center and along the Han River. Notably, after more than two years of stagnation, demand for large office spaces is returning, signaling a more sustainable market recovery.
High occupancy rates reflect robust demand from technology, service, and finance companies, even amid regional economic fluctuations.
A key trend this quarter is the growing demand for flexible office spaces with integrated support services and tech ecosystems. This is seen as a critical preparation for the upcoming investment wave, particularly as Da Nang accelerates efforts to launch its International Financial Center in Q4/2025.
This development is expected to elevate the city’s regional status and attract businesses in finance, high-tech, and professional services.
Positioned to become a Central Vietnam innovation hub, Da Nang’s office market is likely to remain stable in the short term, with strong potential for sustainable growth in the medium to long term.
In this context, TTC Plaza Da Nang stands out with over 22,000 m² leased—one of the largest transactions in Da Nang in 2025. Developed by Saigon Thuong Tin Real Estate JSC – TTC Land (HOSE: SCR), the project has fully leased its office space, highlighting rising demand for high-quality, large-scale offices, especially from companies expanding in Central Vietnam.
Previously, TTC Land completed the handover of the commercial podium to AeonMall Vietnam. Most recently, the company signed a lease for the entire 23,000 m² basement area.
Additionally, Avison Young highlights notable office projects in Da Nang, including Indochina Riverside Towers, Heritage Treasure Tower (Hilton Bach Dang), and Vinh Trung Plaza…
Avison Young believes the launch of Da Nang’s International Financial Center in Q4/2025 will be a major catalyst, attracting financial institutions, banks, and investment funds while driving demand for internationally-standard office spaces.
In 2026, Da Nang’s office market is forecast to maintain steady growth. Businesses will prioritize buildings with professional management, comprehensive amenities, and flexible space options.
Prime Land Plots Near Upcoming $14 Billion Reclaimed Coastal Megacity Witness Sudden Surge, Attracting Investors in Droves
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Da Nang Chairman Pham Duc An Addresses the $16 Billion Reclamation Project
On November 13th, during a conference focused on studying and implementing the resolutions and action plans from the 1st Congress of the Da Nang City Party Committee (term 2025-2030), as well as centralizing new documents from the Central Committee and the City Party Committee, Mr. Pham Duc An, Chairman of the Da Nang People’s Committee, shared insights regarding the proposed land reclamation project in Da Nang.
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International Financial Hub: Localizing Innovation, Not Replicating It
Vietnam’s ministries, agencies, and localities are working diligently to finalize the legal framework and infrastructure necessary for the country’s International Financial Center to commence operations in November. Experts emphasize that while Vietnam has the advantage of learning from international experience, it must focus on localization rather than mere replication.
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Aspiring to become an international financial center (IFC), Ho Chi Minh City still lags significantly behind regional leaders like Hong Kong and Singapore. The latest data highlights a substantial gap, necessitating a transformative strategy, particularly in the realm of digital finance.
