Commercial Retail

Muji and Nike opened 1,400sqm and 1,300sqm stores, respectively.

Completions only totalled 71,200sqm over the past 12 months.

Rents inched up 1.1% in Q2 2022.

Four of the six projects to be completed are neighbourhood centres.

Most landlords have resumed normal rent levels. 

But it increased 186% on a yearly basis.

Vacancy rate decreased to 17.1% in Q2

JLL says ongoing economic uncertainty may limit rental growth.

Thanks to the newly completed Vincom Mega Mall Smart City.

There are no high-end retail projects in the pipeline.

Seibu department store will anchor the project with 250,000 sq ft of floor space.

Louis Vuitton and Christian Dior recently opened new flagship stores in Central Hanoi. 

A retail spot was recently granted to a tenant for 51.3% lower than the previous lease.

And Prime Suburban rents are likely to increase 2%.

The 30,000-sqm Mitsukoshi Mall is slated to open in Q4 2022.

Some operators are shifting into a mixed-use commercial development.