Office for Lease in Hanoi

Hanoi office rental market

The Hanoi office market is currently in a balanced state between supply and demand, with a total stock exceeding 2.1 million square meters of floor area. Most of the supply lies in the Grade A and Grade B segments, which are favored by large enterprises. Demand for office space in Hanoi is rising sharply, especially among multinational corporations in the technology, finance, and banking sectors.

The West Lake West (Tay Ho Tay) area has emerged as a standout location thanks to its strategic position and synchronized infrastructure. High-end urban developments such as Starlake Tay Ho Tay contribute up to 600,000 square meters of office space for lease in Hanoi.

1. Office market share in Hanoi
2. Office supply
3. High occupancy rates and moderate rental growth
4. Leasing demand and market trends
5. Expansion and relocation trends

Office market share in Hanoi

As of Q1 2025, the Grade B segment continues to lead the Hanoi office market, accounting for 49% of total supply—equivalent to approximately 1.03 million square meters of floor area. By geographic distribution, the western area ranks first with a 42% market share, contributing 898,000 square meters across 79 projects, including notable new buildings such as Taisei Square Hanoi and Vinacomin Tower.

The inner-city area follows closely with a 41% share, offering over 831,000 square meters from 72 projects. The balanced distribution of supply between the central business districts and the suburban zones not only meets the needs of companies seeking office for rent in Hanoi in core areas but also expands opportunities for those looking for high-quality Hanoi office space for lease at more affordable rates in well-developed outlying districts.

Office supply

In 2025, Hanoi is expected to add approximately 24,500 square meters of new office space, primarily concentrated in the western districts and key central areas. While the Q1 2025 supply volume remains modest, notable additions include Taisei Square Hanoi (28 office floors and 2 retail levels) and Hanoi Centre Office (20,000 square meters), offering more high-quality office for lease in Hanoi to corporate tenants.Despite a slight decrease in vacancy rates to around 23 to 24 percent due to the recovery in leasing demand, the market is projected to face a surge in supply starting in 2027, potentially pushing vacancy rates up to 27 to 28 percent.

From now until 2027, the Hanoi office market is set to welcome approximately 816,000 square meters of new supply. The Tay Ho Tay urban area alone will account for 29 percent of this expansion. Grade A offices will dominate with about 78 percent of the total, led by prominent developments such as Tien Bo Plaza, 29 Ly Thai To, The Marc 88, Oriental Square, and BRG Diamond Park Plaza. Grade B will represent around 22 percent, featuring key projects like HUD Tower and Pearl Tower, catering to diverse tenant demands across the Hanoi office for rent market.

High occupancy rates and moderate rental growth

Office rental prices in Hanoi recorded a slight increase, reaching 32 USD per square meter per month by the end of 2024. Average rents are projected to rise by approximately 1.7 to 2.2 percent annually during the 2025–2026 period. However, the oversupply situation may persist through late 2025 and into 2026, offering tenants a stronger position to negotiate rental terms and incentives with landlords.Currently, Grade A office buildings in central Hanoi have an occupancy rate of around 86 percent, while Grade B stands at approximately 84 percent, with an average rent of 24 USD per square meter per month. Notable buildings with indicative rental rates include:

• Capital Place (29 Lieu Giai): 32–40 USD/m²
• Lotte Mall West Lake (272 Vo Chi Cong): 31–32 USD/m²
• Vinacomin Tower (Duong Dinh Nghe): 17–19 USD/m²
• Lancaster Luminaire (Lang Road): 25–27 USD/m²

Office for rent in Hanoi’s central districts saw a year-over-year rental increase of 11 percent, while non-central areas experienced a sharper rise of up to 18 percent.

Leasing demand and market trends

Office leasing demand in Hanoi is currently driven by key economic sectors such as information and communication technology (ICT), finance and banking, insurance, manufacturing, and logistics. Notably, the ICT industry accounts for the largest share, occupying approximately 24 percent of the total leased area, followed closely by the finance–banking–insurance group with over 20 percent.Leasing trends are also shifting toward internationally recognized green building standards such as LEED, WELL, and Green Mark, reflecting the growing demand for sustainable and health-focused workplace environments.

Additionally, flexible and creative office spaces in Hanoi are increasingly favored, especially among tech firms and startups. These companies tend to prioritize modern, well-equipped offices with collaborative areas designed to foster innovation and teamwork.

Expansion and relocation trends

In Q1 2025, office leasing activity in Hanoi remained dynamic, with 51 percent of transactions involving relocation and 44 percent related to office space expansion. The leading sectors driving demand include:

• Information and Communication Technology (ICT): 50%
• Manufacturing: 24%
• Healthcare and Pharmaceuticals: 21%

A clear shift is observed toward the western districts and inner-city areas, where new developments such as Oriental Square and Tien Bo Plaza are attracting tenants with competitive rental rates (ranging from 17 to 27 USD per square meter) and improved connectivity to the central business districts via expanding metro lines.

Office rental price in Hanoi

Rental prices for office spaces in Hanoi generally range from approximately $10 USD/m2/month – $45 USD/m2/month, depending on the location of the building, the scale of design and finished facilities, the vacancy rate, the timing of availability, and the level of competition from nearby buildings.

Note: Office rental prices vary based on several factors, including location, transportation accessibility, building design and fit-out standards, construction quality, equipment and facilities, property management services, vacancy rates, and market supply-demand at each point in time.

Contact Maison Office today at (+84) 9 889 02468 for a detailed quotation and free consultation on office for lease in Hanoi!

Featured office buildings for lease in Hanoi

Office building for lease	Address Building	Grade office building
Taisei Square Hanoi	289 Khuat Duy Tien, Cau Giay, Ha Noi	Grade A
Lancaster Luminaire	1152 – 1154 Duong Lang, Lang Thuong, Dong Da, Ha Noi	Grade A
Grand Terra	36 Cat Linh, Dong Da, Ha Noi	Grade A
Heritage West Lake	677 Lac Long Quan, Tay Ho, Ha Noi	Grade A
Capital Place	29 Lieu Giai, Ba Dinh, Ha Noi	Grade A
Lotte Mall West Lake Hanoi	272 Vo Chi Cong, Tay Ho, Ha Noi	Grade A
BRG Diamond Park Plaza	16 Lang Ha, Ba Dinh, Ha Noi	Grade A
Cornerstone Building	16 Phan Chu Trinh, Hoan Kiem, Ha Noi	Grade A
Pacific Place	44B Ly Thuong Kiet, Hoan Kiem, Ha Noi	Grade A
Lotte Center Hanoi	54 Lieu Giai, Ba Dinh, Ha Noi	Grade A
BRG Tower	198 Tran Quang Khai, Hoan Kiem, Ha Noi	Grade A
Prime Centre	53 Quang Trung, Hai Ba Trung, Ha Noi	Grade B+
HUD Tower	37 Le Van Luong, Thanh Xuan, Ha Noi	Grade B+
HITC Building	239 Xuan Thuy, Cau Giay, Ha Noi	Grade B+
Pearl Tower	So 1 Chau Van Liem, Nam Tu Liem, Ha Noi	Grade B
Vinaconex Diamond	459C Bach Mai, Hai Ba Trung, Ha Noi	Grade B

Call (+84) 09 889 02468 now to schedule a building tour and receive free consultation!

Top 5 featured office for lease in Hanoi this quarter

1. Taisei Square Hanoi
2. Lancaster Luminaire
3. Capital Place
4. Lotte Mall West Lake Hanoi
5. Heritage West Lake

Taisei Square Hanoi

• Grade: A
• Scale: 28 office floors and 2 retail floors
• Typical floor area: 1,500 sqm
• Certification: LEED Certified

Located in Cau Giay District, Taisei Square Hanoi offers a modern, energy-efficient office space in Hanoi with sustainable design. Ideal for tech and international companies, the building benefits from its central West Hanoi location, competitive rental rates, and convenient access via Ring Road 3.

Lancaster Luminaire

• Grade: A
• Scale: 27 floors including office and serviced apartments
• Typical floor area: 700–1,000 sqm

Situated in Dong Da District, Lancaster Luminaire stands out with its luxury design that integrates office and residential spaces. It is ideal for businesses seeking a premium work-live setup. Located near the city center, rents start from 25 to 27 USD/sqm/month, offering both prestige and top-tier amenities.

Capital Place

• Grade: A
• Scale: Twin towers, each with 37 floors
• Typical floor area: 1,200 sqm
• Certification: LEED Gold

Capital Place, located at 29 Lieu Giai in Ba Dinh District, provides world-class office for lease in Hanoi with premium design and international-standard facilities. Its strategic location near embassies and major commercial hubs ensures excellent business connectivity and accessibility.

Lotte Mall West Lake Hanoi

• Grade: A
• Scale: 65,000 sqm GFA
• Typical floor area: To be updated

Located at 272 Vo Chi Cong, Tay Ho District, Lotte Mall West Lake Hanoi is a mixed-use development featuring a shopping mall, hotel, and Grade A office spaces. The building boasts modern architecture and panoramic views of West Lake, offering an ideal office space for rent in Hanoi with extensive amenities.

Heritage West Lake

• Grade: A
• Scale: 25 above-ground floors and 4 basement levels
• Typical floor area: 1,091 – 1,132 sqm
• Certification: BCA Green Mark

Positioned at 677 Lac Long Quan, Tay Ho District, Heritage West Lake commands a prime lakeside location with panoramic views and a clean, vibrant working environment. It delivers premium Hanoi office space for lease with elegant design, international-grade facilities, and seamless infrastructure, ideal for businesses aiming to elevate their brand and employee experience.

Key advantages of renting office space in Hanoi

Hanoi stands out as a premier destination for businesses seeking professional office space in Northern Vietnam. With a strategic location, advanced infrastructure, and a dynamic economic environment, the city offers a strong foundation for both domestic and international companies to grow and thrive.

• Strategic location: Central position in Northern Vietnam with easy access to key business districts and industrial provinces.
• Diverse office clusters: Includes both central districts (Hoan Kiem, Ba Dinh, Dong Da) and high-growth areas (Cau Giay, Tay Ho, Nam Tu Liem).
• Comprehensive transport network: Direct links via Ring Road 3, national highways, and key bridges (Nhat Tan, Thang Long).
• Proximity to industrial zones: Quick access to Bac Ninh, Vinh Phuc, and Hai Phong Port.
• Top-tier business environment: Headquarters of major banks (Vietcombank, BIDV), insurers (Bao Viet, Prudential), and global firms (Samsung, LG, Toyota).
• Diplomatic presence: Close to major embassies (USA, Japan), facilitating international partnerships.
• Modern infrastructure: Metro lines (Cat Linh – Ha Dong, Nhon – Hanoi Station), BRT system, expressways.
• International connectivity: Only 30 minutes to Noi Bai International Airport.
• Enhanced brand image: Leasing office space in Hanoi strengthens corporate reputation and market presence.

Experience in leasing a suitable office in Hanoi

When leasing an office space in Hanoi, the rental price is always a crucial factor to consider. What you need to focus on is the total cost you have to pay. The rental price is just a cost factor, so don’t solely choose a building based on comparing the unit price. Typically, a professional office building will have the following types of office rental costs:

1. Office rental fee
2. Service charges
3. VAT (Value Added Tax)
4. Electricity and air conditioning costs
5. Office electricity consumption costs
6. Car and motorcycle parking fees
7. Overtime charges
8. Interior construction service fees
9. Premises restoration costs
10. Determining the payable area
11. Exchange rate fluctuations affecting rental payments
12. Adjusting rental rates

Maison Office – Your trusted office leasing consultant in Hanoi

Maison Office proudly offers a free office search and leasing advisory service in Hanoi, helping businesses save time and costs while finding the ideal workplace. With over 10 years of experience in the commercial real estate market, our expert team has in-depth knowledge of locations, rental rates, and the unique features of each building across the city.

Our office leasing process at Maison Office:

• Step 1: Receive your office space requirements
• Step 2: Send suitable office quotations
• Step 3: Arrange site inspections of shortlisted buildings
• Step 4: Analyze, compare, and consult on the best-fit options
• Step 5: Assist in negotiations with building landlords
• Step 6: Provide interior design consultation
• Step 7: Support lease contract signing
• Step 8: Support with office completion and handover

We deliver optimized solutions and detailed comparison reports based on your specific needs, ensuring you find the most suitable office space in Hanoi – with no consulting fees involved. Maison Office is committed to supporting your business through every stage, from search to lease finalization, ensuring convenience and professionalism throughout the entire process.

Contact Maison Office at +84 98 890 2468 to receive expert consultation and discover the ideal office for your business today!