Blogs

Renting Space in a Shopping Mall

1. Shopping Malls in Hanoi

Aeon Mall Long Bien

Address: 27 Co Linh Street, Long Bien, Hanoi

Aeon Mall Long Bien is a relatively new shopping center, having opened in early September 2015.

Aeon Mall Long Bien features a distinctive Japanese-inspired design and is among Hanoi’s largest shopping centers. Its cherry-blossom gardens create a picturesque setting that attracts visitors for photos. Inside, a wide range of food outlets caters to quick meals, lunch breaks and longer gatherings.

Aeon Mall Long Bien offers a diverse selection of everyday goods at reasonable prices, drawing many shoppers and visitors. Its design is simple without feeling plain. Visitors are often impressed by its distinctive architecture, large scale and unusually spacious, well-maintained restrooms.

Lotte Center Ba Dinh Shopping Mall

Address: 54 Lieu Giai Street, Ba Dinh, Hanoi

Lotte Center is regarded as one of Hanoi’s leading shopping destinations. Lotte Center Ba Dinh, the capital’s second-tallest tower, has become a city landmark and attracted attention from the domestic real estate market. It stands where modern life meets Hanoi’s historic center and is surrounded by international schools, foreign embassies and major businesses.

Trang Tien Plaza Shopping Mall

Address: 24 Hai Ba Trung Street, Trang Tien, Hoan Kiem, Hanoi

Trang Tien Plaza is perhaps Hanoi’s longest-established shopping center, with origins dating back to the 1980s.

Trang Tien Plaza fronts three major streets. Its surroundings are known for longstanding food destinations such as Trang Tien Ice Cream and Trang Tien Bodega, as well as Hang Bai and Hai Ba Trung streets, which provide convenient commercial access. Before redevelopment, the site was known as the General Department Store, with two main floors selling everyday goods including books, household appliances, food, toys and confectionery.

In the 2000s, the General Department Store was renamed Trang Tien Plaza and expanded to six floors, each devoted to particular product categories. Its attractive location near Hoan Kiem Lake, distinctive design and substantial scale have made it a familiar destination for Hanoi residents and visitors.

Royal City Shopping Mall

Address: 72A Nguyen Trai Street, Thuong Dinh, Thanh Xuan, Hanoi

A discussion of Hanoi’s prominent shopping malls would be incomplete without the Vincom Center chain operated by Vingroup. Vincom-branded developments across Vietnam have drawn considerable attention from investors. Through these projects, Vincom has helped present an image of a modern, dynamic Vietnam increasingly connected to the world.

Vincom Center on Nguyen Chi Thanh Street

Address: 54A Nguyen Chi Thanh Street, Dong Da, Hanoi

Located on a street often called “Vietnam’s most beautiful road,” Vincom Center Nguyen Chi Thanh opened in 2015 and has become a popular new destination for shopping and entertainment in the capital.

Vincom Center Nguyen Chi Thanh is distinguished by gently curved glass surfaces and natural stone with decorative patterns inspired by Indian royal architecture. Its six above-ground and four basement levels bring together more than 140 fashion, entertainment and dining brands. It also introduces novel services and products to the capital.

2. Rental Costs for Space in Shopping Malls

Office service charges generally cover repairs and maintenance of building systems and interiors, including electrical supply, central air conditioning, elevators and round-the-clock cameras. They also support shared building services such as:

Reception staff in the main lobby

Building security, parking and management support when incidents need to be handled

Office and restroom cleaning, with regular pest control

Some buildings advertise free central air conditioning, although its cost may already be included in the service charge

Other essential shared services, such as drinking water in the pantry and domestic water

Currently, renting space in a shopping mall typically carries a service charge of USD 20–25 per square meter per month. These buildings bring together well-known entertainment, dining and fashion venues and attract substantial visitor traffic. For details, see www.theartemis.vn.

3. Notable Leasing Locations

Offices for Lease in Hoan Kiem District

Hoan Kiem is considered the capital’s political, commercial and financial center, with many government agencies and developed urban infrastructure. It remains one of the most sought-after areas for office tenants. Its prime locations command higher rents than other districts, yet demand and market absorption remain strong.

In this central district, Grade A and B offices account for about 75% of office stock. Hoan Kiem also has Hanoi’s largest concentration of Grade A offices. Occupancy has remained high for years because demand is substantial while supply has not increased. Examples include Capital Tower, VID Tower, Gelex Tower and Hanoi Tourist Tower.

Offices for Lease in Cau Giay District

Cau Giay is consistently among Hanoi’s most active office markets, offering buildings across a wide range of grades, sizes and rental rates.

Cau Giay is attractive partly because it is an economic hub hosting major government bodies such as the Ministry of Natural Resources and Environment, the Ministry of Home Affairs, the Government Inspectorate and the Supreme People’s Procuracy. It also offers convenient access across the city, with major roads, an elevated railway and the BRT bus line supporting business activity.

Cau Giay has a relatively large and varied office supply, with sizes and rents suited to many businesses. Notable options for renting space in a shopping mall include TTC Tower, CMC Tower, VPI Tower, 789 Tower and PVI Oil.

Offices in Thanh Xuan District

Rapid urbanization and recent infrastructure improvements have made Thanh Xuan one of Hanoi’s most active office markets. The district offers many large, modern buildings with comfortable workspaces. Rents are generally more affordable than in central districts such as Hoan Kiem, making it an appealing choice for businesses seeking an office or relocating their headquarters.

Examples of shopping-mall leasing locations in Thanh Xuan include Artemis Tower, Comatce, Diamond Flower and Hacino Complex.

4. Shopping Mall Space for Lease in Thanh Xuan District

Artemis Tower at 3 Le Trong Tan Street is regarded as one of the most modern and attractive office and shopping complexes in Thanh Xuan District. It offers convenient transport links, flexible floor areas and attractive rental rates.

Developed by IMG Investment JSC, Artemis Tower has 27 floors, including an eight-floor podium accommodating commercial activities, office floors and a large shopping center. It is an ideal office location for companies in finance and banking, technology, tourism, insurance and commercial services.

LEASING POLICY

Although the four-frontage building occupies a prime business location, pricing and service charges for shopping-mall space at Artemis Tower remain attractive and flexible. Tenants benefit from a generous rent-free fit-out period and communications support when they lease space.

For details, contact:

ARTEMIS TOWER

Address: 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