Da Nang Real Estate Market 2026

Office: The asking rents in Da Nang remain competitive at US$13/sqm/month in Q1 2026 (approximately US$16/sqm/month in the CBD), providing an advantage for tenants looking to expand or establish satellite offices. Looking ahead, supply is expected to increase significantly, with more than 100,000 sqm of NLA projected by 2028. The IFC Da Nang is anticipated to serve as the key driver, fostering the development of high-quality office projects.

Retail: By Q1 2026, the total retail space supply reached 83,483 sqm, accounting for less than 10% compared to Hanoi and HCMC, highlighting strong growth potential. The average asking rent stood at US$29.8/sqm/month. From 2020 to the present, the rental growth has reached 10% annually, approaching Ho Chi Minh City’s 12%. The overall market vacancy rate is 12.1%.

Residential: During the 2024–2025 period, Da Nang recorded a significant surge in new launches, with more than 8,000 condominium units introduced to the market. Prior to 2024, annual new supply remained modest at fewer than 1,000 units per year. As of Q1 2026, cumulative condominium supply in Da Nang reached approximately 16,000 units, equivalent to 5% of HCMC’s stock. The average primary price was VND 83 million per sqm. Despite elevated price levels, the market reported a strong cumulative absorption rate of 89%.

Industrial land: The industrial market in Central Vietnam is drawing interest for FDI, supported by competitive costs, available land, and ongoing improvements in logistics infrastructure. The region has the potential to alleviate some pressure on traditional industrial hubs in the North and the South, where development density is already high.

RBW/RBF: Regarding the supply of RBF, the market is witnessing a clear differentiation between regions. Currently, the total supply of RBF is over 9 million sqm, mainly concentrated in the two economic hubs: the South leads with 59% market share, followed by the North with 38%. Meanwhile, the RBF supply in the Central region remains relatively modest, accounting for only about 3% of the total national supply.