OFFICE FOR LEASE MARKET SEES BRIGHT FUTURE AHEAD

“This is an important step in extending the business activities that foreign developers are allowed to participate in. The trend of long-term leasing or selling office space is becoming more popular, even in uncompleted office buildings. This is considered another investment channel, as investors look to diversify assets,” said Marc Townsend, managing director of CBRE Vietnam.

Investors are actively collecting new projects in line with this upcoming trend.

Mapletree, one of the biggest Singaporean real estate investors in Vietnam, recently bought The Centre Point in Ho Chi Minh City and Pacific Place in Hanoi, and are currently developing another grade A office building in Ho Chi Minh City.

Many new arrivals have appeared on the market.

Japan’s Daibiru recently announced its first business in Vietnam, taking over CornerStone, the latest grade A building in Hanoi, with a value of more than $60 million.

Meanwhile, UK-based Gaw Capital Partners recently bought four projects from Indochina Land, including the Indochina Plaza Hanoi, with office for lease space of more than 16,000 square metres.

With the expansion of the revised Law on Real Estate Business, experts said that foreign investors would not have to pour a large investment into a whole project, but could buy a portion of the project and re-lease it for profit.

A few domestic investors have been taking on this charge. IDJ Investment is now offering three floors in their Charmvit Tower, located on Hanoi’s Tran Duy Hung street. Office space here is sold at VND42million ($2,000) per square metre (excluding VAT). Sub-investors can buy this space for their office and re-lease it.

IDJ is ready to re-lease this space from the sub-investors after they purchase it. The company will find tenants and commit to a profit of up to 10 per cent per year, for the first 10 years of operation.

IDJ claimed that with this form of investment, sub-investors would only need 10 years for capital recovery. The following 30 years would be reserved for profit.

Experts also predict that the trend of selling and long-term leasing of office space will be more popular in the Vietnamese market.

Moreover, this trend could also apply for office buildings under construction, and could prove to be a new investment channel for investors who aim to diversify their portfolios.

Despite facing a large stock of office for lease space, the average rental is now standing at $30 per square metre per year for grade A, and $18 per square metre per month for grade B.

These rentals, according to experts, are sufficient to attract investors to the office for lease market.

Source: VIR

Related News

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIỆT NAM-CAMBODIA TRADE GATHERS PACE TOWARDS $20 BILLION TARGET

Trade between Việt Nam and Cambodia continues to grow, remaining a bright spot and a key pillar of bilateral cooperation as the two countries aim to raise two-way trade to US$20 billion in the coming years. After setting a record of more than $11.3 billion last year, bilateral trade reached about $8.7 billion in the first eight months of this year, up 8.3 per cent year on year.

Oct 14, 2026

TECHNOLOGY

AI BEGINNING TO RESHAPE RECRUITMENT CRITERIA

Digital literacy is the only capability area in which fresh graduates meet employers’ expectations, according to a new report. Yet, it is also the standard rising fastest, as businesses increasingly expect new hires to use AI effectively in the workplace. Some 83 per cent of employers say AI has changed, or is beginning to change, their hiring criteria, while 94 per cent report higher expectations for digital and AI capabilities than they had two to three years ago.

Oct 14, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

ĐÀ NẴNG GREEN-LIGHTS US$105 MILLION THAI DEVELOPMENT DEAL

The central city has approved an investment proposal by Thailand’s WHA Group to develop infrastructure for the 400ha WHA Đà Nẵng Industrial Park project on two communes of Thăng Bình and Đồng Dương, with an investment of more than VNĐ2.7 trillion (US$105 million). The city said it approved WHA Industrial Development International's status as an investor in the project, which is expected to take place between 2027 and 2034.

Oct 14, 2026

VIETNAM ECONOMY INVESTMENT

MOBILE PHONE EXPORTS RISE 20% TO $51.8 BILLION IN FIRST NINE MONTHS

Exports of mobile phones and components rose 20 per cent year-on-year to nearly US$51.8 billion in the first nine months of 2026, with China, the US and Republic of Korea accounting for more than half of the total. Shipments to the three markets reached a combined $26.18 billion, or 50.6 per cent of total exports of the product group during the period, according to data from the Vietnam Department of Customs under the Ministry of Finance.

Oct 14, 2026

VIETNAM ECONOMY INVESTMENT

FRUIT AND VEGETABLE EXPORTS POISED TO HIT $10 BILLION IN 2026

Fruit and vegetable exports are on track to reach nearly US$10 billion in 2026, after rising 19.9 per cent year on year to nearly US$7.4 billion in the first nine months, driven by strong seasonal demand and abundant tropical fruit supplies. The Ministry of Agriculture and Environment said the growth reflected stronger international demand for fresh produce and processed agricultural products.

Oct 14, 2026

GARMENT / TEXTILE

TEXTILE EXPORTS FACE DUAL CHALLENGES OF SUSTAINING ORDERS AND BOOSTING EFFICIENCY AMID GROWING COMPETITION

Data shows that the textile and garment sector maintained its growth momentum in the first nine months of this year. The industry's total export turnover reached an estimated US$35.721 billion in the first nine months of this year, up 3.3 per cent year-on-year. Despite posting encouraging export figures, Vietnamese textile and garment enterprises continue to navigate unpredictable market variables.

Oct 14, 2026