The Hanoi office market experienced improved performance in Q2 2015, with occupancy rates up across all grades. The total office supply was over 1,050,000 square meters from 80 projects, stable quarter-over-quarter. The West of the city remained the main office supplier with 42% market share. Occupancy rates increased in the CBD and West, with Grade B seeing the largest jump of 5 percentage points. Average asking rents rose slightly by 1.2% to $18/square meter/month. Strong foreign direct investment and economic growth supported demand for office space. Approximately 265,000 square meters of new supply is expected to come online in 2015.