Moving into Hanoi from another Tier 1 market means re-baselining occupancy economics in USD, re-running headcount density against local norms, and translating lease terminology to local conventions.
Moving into Hanoi from another Tier 1 market means re-baselining occupancy economics in USD, re-running headcount density against local norms, and translating lease terminology to local conventions.
Headline Hanoi rent is 312 USD/sqft/yr ($312 USD). Translate your incumbent occupancy cost-per-seat to the same basis using the Occupancy Cost tool. Most cross-border moves underestimate fit-out">fit-out timeline and overestimate density transferability.
Vietnamese gross structure (rent inclusive of management fees). Rents typically quoted in USD/sqm/month and paid in VND at official FX. 3-5 year terms standard. Rent-free of 4-8 months on 5-year terms plus USD 200-400/sqm TI typical. Use the Lease Term Translator to map terminology before reading the LOI.
Engage a tenant-rep broker, local counsel, an MEP/AV designer with Hanoi project history, and a project manager who has run a Class A fit-out in this market in the last 24 months.
| city | Hanoi |
|---|---|
| country | Vietnam |
| region | APAC |
| classARentLocal | 312 USD/sqft/yr |
| classARentUsd | $312/sqft/yr |
| vacancy | 14.4% |
| typicalLeaseYears | 5 |
| typicalRentFreeMonths | 6 |
| submarkets | 5 |
| primeYieldPct | 7.6% |
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.