TTC Plaza Danang Emerges as Market Highlight with Over 22,000m² of Office Space Leased
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Bulk Leasing Demand Rebounds, Market Shows Positive Improvement
According to the Danang Statistics Office, real estate service revenue in Q3/2025 surged by 94.7% year-on-year—the strongest growth since 2019. The office segment also demonstrated improvements in both occupancy rates and rental prices. Reports from Avison Young and CBRE Vietnam indicate that occupancy rates for Grade B and C offices reached 80–85%, with average rents rising by 2–3% compared to the previous quarter. Meanwhile, new supply entering the market remains limited, primarily stemming from restructuring projects or large commercial complexes.
The recovery in operations among technology, trade, logistics, and tourism companies 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 sluggishness, demand for large-scale leasing has begun to return, signaling a more sustainable market recovery.
Overall market occupancy rates increased from 78% in Q2 to 83% in Q3. New leasing activity in the quarter reached nearly 9,800 m², reflecting a significant improvement in absorption compared to previous quarters.
TTC Plaza Danang Shines with Over 22,000 m² Leased, Becoming a Market Leader
In this context, TTC Plaza Danang has emerged as a standout project with the leasing of over 22,000 m²—one of the largest transactions in Danang in 2025. Developed by TTC Land, the project has fully leased its entire office block, highlighting the growing demand for high-quality, large-scale office spaces, particularly from businesses 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 basement area of over 23,000 m².
The bulk leasing of the entire 22,000 m² office tower—even before the project’s launch—underscores the strong appeal of TTC Plaza Danang and the trend of businesses prioritizing large-scale, professionally managed, and flexible office spaces.
Interior rendering of leased office space at TTC Plaza Danang (Image: TTC Land)
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Strategically located on Dien Bien Phu Street, a key route connecting the airport to the city center, TTC Plaza Danang is positioned as a modern commercial-office complex. The project is designed to cater to large-scale leasing needs, meeting the high standards of both foreign and domestic enterprises.
In 2026, the Danang office market is expected to maintain steady growth. Businesses will continue to favor buildings with professional management systems, comprehensive amenities, and flexible space options.
In line with this trend, TTC Land has identified commercial asset development and management as a strategic pillar for the coming period. TTC Plaza Danang is considered a flagship project, reshaping the supply of high-quality office space in Danang.
The Q3/2025 bulk leasing of over 22,000 m² underscores the project’s appeal and its ability to meet large-scale leasing demand—a segment that has been underserved for years.
From 2026 to 2030, TTC Land plans to expand its commercial asset portfolio to ensure stable cash flow, aiming for a unified asset management model that ensures sustainable operations, enhances exploitation efficiency, and strengthens the company’s position in the commercial real estate sector.
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– 16:38 24/11/2025
TTC Plaza Danang Accelerates Construction, Set to Open in Early 2026
Anticipated to redefine the skyline, this development promises to be a premier commercial, service, hospitality, and office complex in the heart of the coastal city.
