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Savills Vietnam reports on Da Nang real estate market 2H/2017

Savills Vietnam reports on Da Nang real estate market 2H/2017

RETAIL: Rent at a three-year high

Total stock remainedstable compared to 1H/2017 at 186,000 m². Hai Chau district retained the largest market share and highest retail density, followed by Thanh Khe district.

 Average ground floor gross rent reached a three-year high after a 1% increase compared to 1H/2017 whilst occupancy grew 2 ppts. The retail podium segment had the most improved performance.

 Retail market performance

Approximately 22,300 m² will come online 2018 and 8,200 m² is scheduled to launch in 2019. Hai Chau district is expected to remain the most favored area by developers.

 OFFICE: Improved Performance

 Total stock was approximately 92,000 m², stable compared to 1H/2017. Hai Chau district continued to dominate with 74% of stock. Over the past four years, stock has grown at an average 6% pa.

 Average gross rent increased 4% and occupancy increased 4 ppts compared to 1H/2017. Hai Chau district had the most improved performance

For more information, click 24042018 – Savills Việt Nam báo cáo tình hình thị trường BĐS Đà Nẵng H22017- VN and 24042018 – Savills Vietnam report on Da Nang real estate market H22017- EN

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