Vietnam: average retail rent in Ha Noi and Ho Chi Minh City 2022

In the second quarter of 2022, the average prime rent price for retail purposes in Ha Noi was around 63.6 U.S. dollars per square meter in the city center. In areas apart from the city center, the average retail rent was much lower, at 29.3 U.S. dollars per square meter. Ha Noi and Ho Chi Minh City are the two largest cities in Vietnam.

Average rent price of prime retail property in Ha Noi and Ho Chi Minh City in Vietnam as of 2nd quarter 2022 (in U.S. dollars per square meter)

Characteristic	Average rent in U.S. dollars per square meter
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Release date

July 2022

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Region

Vietnam

Survey time period

Q2 2022

Special properties

figures are based on the gross average rent values

Supplementary notes

According to the source, prime rents refer to average net effective rent of Prime Mall across the city, excluding VAT and service charges.

*City centre refers to Hoan Kiem, a part of Ba Dinh and Hai Ba Trung District.

**City Fringe refers to the rest of the city.

Figures for Ho Chi Minh City were from a parallel report.

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