Da Nang Real Estate Market 2026

Office: Office asking rent in Da Nang remain competitive, $13/sqm/month in Q1 2026 (approximately $16/sqm/month in the CBD), providing a cost advantage for businesses looking to expand or establish satellite offices. In the coming period, supply is expected to increase significantly, with more than 100,000 sqm of NLA projected by 2028. Among upcoming developments, IFC Da Nang is anticipated to play a key catalyst role, driving the growth of high-quality office projects in the market.

Retail: As of Q1/2026, the total supply of retail space reached 83,483 sqm, less than 10% compared to Hanoi and HCMC, indicating promising market growth prospects. The average asking rent reached US$29.8/sqm/month. The average asking rent growth rate from 2020 to the present has reached 10% per year, approaching the 12% of HCMC. The overall market vacancy rate is 12.1%.

Residential: The residential market in Central Vietnam is undergoing a significant transformation in development mindset, particularly in the two major hubs of Da Nang and Nha Trang. Instead of relying on the traditional condotel segment, developers are shifting their focus toward high-end apartment projects with long-term ownership tenure, thereby establishing new standards of living in coastal urban areas.

Industrial land: The industrial real estate market in Central Vietnam is emerging as an attractive destination for FDI. With competitive costs, abundant land availability, and increasingly improved logistics infrastructure, the region not only offers efficient operational solutions but also helps alleviate pressure on traditional industrial hubs in the North and the South, where development density is already high.

RBW/RBF: Regarding the supply of RBF, the market is witnessing a clear differentiation between regions. Currently, the total supply of RBF is over 9 million m2, mainly concentrated in the two economic hubs: the South leads with 59% market share, followed by the North with 38%. Meanwhile, the RBF supply in the Central region remains relatively modest, accounting for only about 3% of the total national supply.