Hanoi office stock to grow by 7.7% annually until 2029

Nearly 25,000sqm of new supply will enter the market in 2025 alone.

According to a Cushman and Wakefield report, Hanoi is expected to welcome new supply of nearly 35,000 sq m in 2024, coming from two projects in the Secondary and West submarkets.

“The year 2025 will observe about 24,500 sq m of new supply entering the market, coming from two projects: one in the CBD and the second in the West submarket. On average, Hanoi’s total stock will grow by 7.7% per annum through the 2025–2029 period,” the report said.