Outlook 2023 Vietnam
NEW SUPPLY (SQM)
By the end of 2022, Techcombank Tower (8,104 sqm) will enter the CBD area. The non-CBD market will also welcome nearly 21,500 sqm of supply through Lancaster Luminaire in the Secondary region. Until 2025, at least one large-scale project is expected to enter the Hanoi market every year – all of which are in non-CBD areas. The two largest projects are both scheduled to complete in 2025, totalling almost 150,000 sqm.
Source: Cushman & Wakefield
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