The modern report from Savills Vietnam revealed that in the third 1 fourth of 2016, Hanoi’s workplace market saw a slight decline in rents. Hanoi workplace rents declined slightly in Q3-2016 Hanoi office rental prices dropped slightly in the third quarter of 2016 According to the report, due to downward improvements to both Grade A and C office space, the common rents in Q3 happened 0. 5% quarter-on-quarter but up 3% year-on-year. Meanwhile, average occupancy recorded a growth of 2. 2 ppts on the previous quarter and second . 8 ppts over the similar period last year. In particular, Class A went up second . 3 ppts and Quality B rose 2 . on the lookout for ppts quarter-on-quarter. Office source in Hanoi remained stable quarter-on-quarter but climbed 9% compared to last year. A new project is expected to launch inside final quarter of the 12 months, adding nearly 11, three hundred sq m to the marketplace. The total take-up of the whole market reached about 23, 000 sq m. Specially, Grade B led the marketplace with nearly 18, 000 sq m, followed by Quality A (8, 400 sq m) and Grade M (4, 300 sq m). Office supply is anticipated to rise significantly in the forthcoming time. Ba Dinh and Dong Da districts and also the West of the city are already the new focuses since maintained office space segment has become increasingly more popular. During the third 1 fourth, Hanoi market also witnessed a booming growth throughout co- working space and serviced office which advantages from flexibility and convenience. With the kinds of offices, occupiers can offer a private working room or even use general offices along with other amenities such as bar, eating place, wireless Internet and printing places.