Hanoi Figures Q1 2025

Office: The Hanoi office market demonstrated growth in Q1 2025 with rising rents and strong absorption
Retail: Hanoi's retail market demonstrated stability in Q1/2025, with a modest increase in supply following the opening of AEON Xuan Thuy Shopping Mall (18,000 sqm NLA). The average vacancy rate across the market decreased slightly by 0.8 ppts compared to Q4/2024, reaching 9.4%. 
Residential:. Q1 2025 saw the largest supply of condominiums launched in Hanoi for the first quarter in the past four years. Additionally, the volume of landed property launches in Q1 was the highest ever recorded for a first quarter in the city. On-going strong supply has driven the strong upward trend in condominium prices seems to slow down.
Industrial: The industrial real estate market in Vietnam maintained positive activity in the first quarter of 2025, with favorable developments in manufacturing and FDI attraction. According to the General Statistics Office, the industrial production index in Q1/2025 increased by 2.24% compared to the same period last year. The total newly registered FDI capital in the quarter reached nearly US$ 11 billion, marking an impressive growth of 34% compared to Q1/2024 and 29% of the entire year 2024.