Grand Terra 36 Cat Linh Attracts Businesses with International Standards and Sustainability

Grand Terra 36 Cat Linh, a new Grade A office and retail complex in Hanoi's Dong Da district, is drawing attention from businesses seeking high-quality office space that adheres to international standards. The development offers a prime location, competitive rental rates, and sustainability features that align with the increasing demand for environmentally-friendly workspaces in Vietnam.

Vietnam's economy has shown positive indicators, with the Gross Domestic Product (GDP) increasing by 8.02% year-over-year in 2022 and total retail sales of consumer goods and services rising by 17.1% year-over-year in the fourth quarter of 2022. Despite a slight 11% year-over-year decrease, total foreign direct investment (FDI) registered in Vietnam reached USD 27.72 billion in the first nine months of 2022.

Grand Terra 36 Cat Linh meets strict environmental, social, and governance (ESG) standards, offering diverse amenities and convenient transportation access. The complex features flexible column-free floorplates that maximize natural light and air circulation, helping businesses optimize space usage and reduce operating costs.

The project's sustainability features and green certifications appeal to companies seeking environmentally-friendly workspaces. With its large floorplates, advanced technical specifications, and energy-efficient design, Grand Terra 36 Cat Linh is positioned to become a new commercial and economic destination in Hanoi, offering businesses an opportunity to take advantage of competitive rental prices before the market sees further increases.

Why this matters: The development of Grand Terra 36 Cat Linh reflects the growing demand for sustainable and high-quality office spaces in Vietnam, driven by the country's positive economic indicators. As more businesses prioritize environmentally-friendly workspaces, projects like Grand Terra 36 Cat Linh are setting new standards for office developments in the region.

The Vietnamese real estate market has shown overall positive trends, with stable net effective rents across Grade A office buildings, resilient selling prices in the residential market, and a slight increase in average industrial rents driven by higher rents in new completions. While there has been a temporary increase in city fringe retail vacancy due to new supply, the demand for high-quality office space continues to grow as businesses seek to capitalize on Vietnam's economic growth and favorable market conditions.

Key Takeaways

• Grand Terra 36 Cat Linh is a new Grade A office and retail complex in Hanoi.
• Vietnam's economy grew 8.02% in 2022, with retail sales up 17.1% in Q4.
• The project meets strict ESG standards, offering flexible, sustainable workspaces.
• Demand for high-quality, eco-friendly offices is rising as businesses seek growth.
• The Vietnamese real estate market shows overall positive trends, with stable rents.