Office demand sees high rise in rentals
August 18, 2003 | 18:35
Space shortages have allowed Hanoi’s office lease market to regain ground lost after the Asian financial crisis when occupancy rates dropped by as much as half. The growth comes despite sluggish gains in rent prices.According to a report from the Hanoi Property Management Company, occupancy rates are close to what they were before the crisis, but average monthly rentals are still at least $10 short of what they were in 1997-1998.
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