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Leasing Space in a Shopping Center
Businesses enter shopping centers to reach more customers, increase sales and build brand awareness. This article explains shopping center categories and considerations when leasing space.
1. What Is a Shopping Center?
A shopping center is a modern, multifunctional commercial and service complex. It may include retail stores, service businesses, halls, meeting and conference rooms, and offices for lease.
These uses are concentrated in one building or several adjoining buildings. The center meets standards for commercial area, technical facilities and management, and provides convenient, professional services for businesses and customers. Demand for retail space in shopping centers has therefore grown.
2. Shopping Center Classification
According to the article’s description of Vietnam’s Ministry of Industry and Trade criteria, shopping centers are divided into three grades:
Grade I shopping center
A Grade I center has at least 50,000 sq m of commercial space and parking suited to its scale. In addition to attractive architecture, it has the following characteristics:
It supports a broad mix of trade and services, including wholesale and retail stores; restaurants and hotels; outdoor fairs, exhibitions and product displays; dining and entertainment; offices, halls, meeting and conference rooms; and financial, banking, insurance, telecommunications, technology, consulting, investment brokerage and tourism services.
Grade II shopping center
A Grade II center has at least 30,000 sq m of commercial space and parking appropriate to its scale. It has the following characteristics:
It combines goods and services, including wholesale and retail stores; restaurants and hotels; product displays; entertainment; offices, halls and meeting rooms; and financial, banking, insurance, telecommunications, consulting, investment brokerage and tourism services.
Grade III shopping center
A Grade III center has at least 10,000 sq m of commercial space and parking suited to its scale.
It offers multiple uses, including wholesale and retail stores; product displays; dining and entertainment; offices and meeting rooms for conferences, transactions and commercial contract signings; and consulting, brokerage, securities, investment and tourism services.
3. Quality Shopping Center Space at Artemis Tower
Artemis Tower at No. 3 Le Trong Tan Street is regarded as one of the most modern office and shopping complexes in Thanh Xuan District. It offers convenient transport links, flexible floor areas and attractive retail rental rates.
Developed by IMG Investment Joint Stock Company, Artemis Tower has 27 floors, including an eight-floor podium for offices, retail and other activities. It has become a workplace for businesses in finance, banking, technology, tourism, insurance and commercial services.
LEASING POLICY
Despite its prime business location and four street frontages, Artemis Tower offers attractive, flexible rental and service charges for offices and retail space. Tenants can also benefit from a long rent-free fit-out period and communications support.
Contact details:
ARTEMIS TOWER
Address: No. 3 Le Trong Tan Street, Khuong Mai, Thanh Xuan, Hanoi
Phone: 0911 422 911
Contact: marketing@mhl.vn | Website: www.theartemis.vn | Artemis Office For Lease
The Hanoi real estate market in 2026 is showing increasingly clear differentiation. While housing supply tends to shift to suburban areas, inner-city real estate prices remain high and cash flow becomes more selective, real estate with central locations, complete infrastructure and the ability to actually exploit continues to have an advantage. Located at 3 Le Trong Tan, Phuong Liet Ward, City. Hanoi, Artemis Tower is a multi-functional complex with office space, commercial center and outdoor advertising locations, meeting the presence and business needs of businesses right in the inner city area.
On the occasion of National Day September 2, MHL Investment Joint Stock Company respectfully announces to our Customers and Partners the holiday schedule for convenience in contacting and arranging work.
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As the real estate market enters a more selective phase, cash flow no longer simply follows the expectation of price increases but increasingly focuses on location, actual exploitation ability and infrastructure connection. In that context, commercial real estate already exists in Hanoi's inner city area such as Artemis Tower - No. 3 Le Trong Tan, Phuong Liet Ward, City. Hanoi has more basis to affirm its value from its location and ability to serve real business needs.
