Commercial Retail

Most landlords have resumed normal rent levels. 

But it increased 186% on a yearly basis.

Vacancy rate decreased to 17.1% in Q2

JLL says ongoing economic uncertainty may limit rental growth.

Thanks to the newly completed Vincom Mega Mall Smart City.

There are no high-end retail projects in the pipeline.

Seibu department store will anchor the project with 250,000 sq ft of floor space.

Louis Vuitton and Christian Dior recently opened new flagship stores in Central Hanoi. 

A retail spot was recently granted to a tenant for 51.3% lower than the previous lease.

And Prime Suburban rents are likely to increase 2%.

The 30,000-sqm Mitsukoshi Mall is slated to open in Q4 2022.

Some operators are shifting into a mixed-use commercial development.

This mall’s daily footfall exceeds 150,000 people. 

Supply will remain tight over the next five years.

There were 126 units sold during the same period.

Monthly net effective rents in Ho Chi Minh City increased 12.2% to USD41.7 per sqm.