APRIL 2025 UPDATE: OFFICE RENTAL PRICES AT ORIENTAL SQUARE BY OSI, BAC TU LIEM

Hanoi Office Market Remains Dynamic and Competitive in 2025

Hanoi's office market in 2025 is projected to maintain its growth momentum, reflected by both increasing supply and demand. However, the emergence of new supply also signifies intensified competition among developers. This is driving a strong shift towards high-quality, sustainable, and modern office buildings to meet the evolving needs of tenants.

A major trend is the office relocation from the central business district, which accounts for 71% of total leased areas. Of these, 51% of tenants choose to relocate to secondary areas, while 49% are moving to Westward. The Information and Communications Technology (ICT) sector leads the movement, occupying 50% of the leased space, followed by the healthcare and pharmaceutical sectors at 21%. These shifts highlight the changes in tenant demand and the ongoing development of Hanoi's non-central areas.

Amidst this shifting landscape, Oriental Square by OSI - a Grade A office building developed by OSI Holdings at Plot H2CC1, Starlake Tay Ho Tay New Town (Xuan Tao Ward, Bac Tu Liem District) - emerges as a new landmark, offering a modern, well-connected, and sustainable office solution.

Oriental Square by OSI: Pioneering Grade A Offices in Bac Tu Liem, Hanoi

Beyond its prime location within Starlake urban area, one of Hanoi’s new business hubs, Oriental Square by OSI distinguishes itself with several outstanding features:

• Strategic Connectivity: Seamless access to the city center, Noi Bai International Airport, and surrounding industrial parks via key arterial routes such as Vo Chi Cong, extended Nguyen Van Huyen, and Ring Road 3.
• Green & Smart Design: One of the few office projects in Hanoi upholding LEED Gold certification, providing a sustainable, energy-efficient working environment. Its modern design features optimized natural light and green spaces on each floor, creating spacious and inspiring workspaces.
• Grade A Operational Standards: From the welcoming entrance, 7 high-speed elevators, high-performance central air-conditioning, 100% backup power, and international-standard fire safety systems, to professional operational management – every aspect is carefully invested and implemented.
• Maximum Flexibility: Offering column-free floors, 100mm raised floors, and ceiling heights of 2,850 – 4,500mm, catering to the diverse needs of businesses ranging from small and medium-sized enterprises (SMEs) to large corporations.

Oriental Square by OSI - Updated Rental Prices (Effective January 2025)

According to Savills Vietnam, the exclusive leasing agent, Oriental Square by OSI offers highly competitive Grade A office rents in West Hanoi:

• Amenity Floor (4th Floor): From USD 12 – 18 /sqm. Tenants collaborate with the developer under a revenue-sharing model.
• Office Tower (Floors 5 - 16): From USD 29 - 32 /sqm.
  • Typical floors 5-8 and 12A-16: From USD 29 - 31 /sqm.
  • High floors 9-12: From USD 32 /sqm.
• Podium Block (Floors 2-3): From USD 29 - 30 /sqm.
• Ground Floor (GF - Retail): From USD 44 - 50 /sqm.

Key Commercial Terms:

• The quoted rent does not include the Service Charge and 10% VAT.
• Annual rent will increase by 5% (calculated with VND).
• Minimum lease term: 3 years.
• The USD/VND exchange rate is decided when the Offer to Lease is signed.
• All parties will discuss the rent per market price upon lease term expiry.

Comparison of Prominent Office Buildings in Hanoi

To help businesses make informed leasing decisions, below is a comparative overview of Oriental Square by OSI versus other major Grade A office buildings in Hanoi.

(Note: The prices below are for reference only; please contact directly for detailed quotations):

Insights:

Oriental Square by OSI stands out as a new Grade A building in Western Hanoi, situated within the well-planned Starlake new urban area. The building’s pursuit of LEED Gold Certification underscores its commitment to a high-quality and sustainable workplace. Most importantly, the office rent at Oriental Square by OSI (ranging from 29 - 32 USD/sqm) is highly competitive compared to other Grade A buildings in other areas, especially the central business district (CBD).

For the latest information on availability, favorable pricing, and a site tour at Oriental Square by OSI, contact us at:

• Savills Vietnam (Management & Leasing Agent): 0948 000 468
• OSI Holdings (Project Developer): 0932 038 666