The Hanoi office market is entering a period of increasing Grade A office supply, giving businesses more options when selecting their workplaces. In addition to creating greater competition among developers, this new supply is also encouraging companies to move toward higher-quality office spaces to improve operational efficiency and enhance the employee experience.
This trend is also taking place across many global markets. According to Savills’ Global Occupier Outlook 2026, 89% of surveyed markets expect Grade A office rents to continue rising, while 82% anticipate stronger leasing activity in the coming period.
Rather than simply expanding the number of office locations, many international companies are prioritizing high-quality buildings with convenient locations and comprehensive amenities to support their long-term growth strategies.
From an investment perspective, Savills World Research reported that the office sector attracted the largest share of cross-border investment capital in the first half of 2026, reaching USD 22.3 billion and accounting for nearly one-quarter of total global cross-border transaction volume.
According to Savills, this reflects continued investor confidence in high-quality office assets, despite changes in the way companies use and manage their workspaces.
In Hanoi, Savills Vietnam forecasts that from now until 2028, the market will receive approximately 403,000 m² of new office supply from 20 projects, mainly in the Grade A segment and concentrated in western Hanoi and expanding inner-city districts.
Demand Remains Strong Despite New Supply
The increase in office supply does not necessarily indicate weaker demand.
According to Savills, during the first quarter of 2026, the majority of office leasing transactions in Hanoi were driven by relocation and upgrading demand, as businesses moved into newer and higher-quality buildings. This helped maintain the overall market occupancy rate at approximately 86%.
This development reflects changing criteria in how businesses choose office space. In addition to rental costs and location, tenants are increasingly focusing on building management quality, flexible floor layouts, integrated amenities, professional client reception areas, and the ability to meet the needs of international professionals.
Integrated Office Developments Become More Popular
To respond to these changing requirements, many new office developments are being designed as integrated complexes that combine workspaces with supporting services and amenities in a single location.
IFC Hanoi in Tay Ho Tay is one example of this trend. The development provides more than 83,000 m² of Grade A office space while also integrating a hotel, serviced apartments, and retail facilities.
This model allows businesses to combine workspace, accommodation, client reception, and daily amenities within the same complex, helping streamline operations and improve overall convenience.
More Businesses Are Upgrading Their Workplaces
Mr. William Gramond, Director of Commercial Leasing at Savills Hanoi, said that the new office supply is providing tenants with a wider range of choices.
According to him, many businesses are using this period as an opportunity to relocate to higher-quality buildings rather than renew leases at their existing offices. This allows companies to upgrade their working environment while also optimizing their long-term cost strategies.
