Hanoi (VNA) – Class B officebuildings have taken the lead in the leasing office segment so far this year,according to real estate experts.
In Hanoi, the vacancy rate in Class B officespace in Q1 increased significantly with the inaugural of the Horison buildingwith a gross floor area of over 10,570 sq.m and usable area of more than 8,000sq.m.
In the coming months, the market will see morelarge projects including the DSD building with 20,000 sq.m, the DiscoveryComplex (49,000 sq.m), Truong Thinh Building (5,400 sq. m), and the HUD Tower(70,000 sq.m).
At the same time, the Class A office space segmentsaw a rise of 3.3 percent in renting price in the first quarter, with no new supply.
Strong absorption rate in the Class A officespace reflected the trend of moving for expansion among enterprises, as well asthe high demand for large area of startup businesses and new representativeoffices.
Nguyen Bich Trang, Director of Hanoi officerenting department under CBRE company, commented that high quality office buildingsare always attractive to customers as they help the firms improve their brandimage and attract high quality employees.
Buildings with green and LEED (leadershipin energy and environmental design) certificates are most popular amongcustomers, she said, adding that the Horison building of Global Toserco is one example.
According to Deputy Director General ofGlobal Toserco Ltd. Nguyen Thi Hong Van, with an advantageous location, 20percent of the building’s total area has been booked at 25 USD per squaremetre, mostly by firms in finance and banking.
Green office buildings, which areenvironmentally friendly and energy-saving, have been introduced in Ho Chi MinhCity, including Class A buildings of Deutches Haus and Mapletree BusinessCentre.-VNA
The market for leasing offices in Hanoi is expected to brighten in 2015 due to expectations of a continued economic recovery, according to CBRE Vietnam Co Ltd, a foreign property consulting service provider in Vietnam.
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Horison building (Source: CBRE) 
