5 Notes When Renting an Office in District 1

After choosing the right type of office in District 1, the remaining thing is to choose a satisfactory office. But don’t rush, please refer to the following suggestions to avoid wasting your money and time.

Redetermine the needs and ability to expand the company in the near future

At first, This is quite important, when renting an office in District 1, the contract must be signed from 6 months to several years. If not clearly defined, constantly changing offices is not recommended.

Then, Causing problems, affecting the company such as: changing business address, changing related documents, and taking more time to find a new office, moving offices takes a lot of time and money…

Even, Choose office buildings that can meet your needs when you expand your company’s human resources.

Office segments that the company needs to rent

Generally, The office rental market in District 1 is clearly divided and each segment will serve a separate audience.

Determining the segment you really want will help your company avoid wasting time searching for an office.

In District 1, there are the following 3 segments:

Firstly, Class A Office for Lease

To be classified as an A office, there are many evaluation criteria:

• Technically: There must be a building management system, meaning that all systems in the building are monitored 24/7, security system, elevator system, ventilation system, cooling system, parking lot, etc.
• In terms of architecture: Ceiling height, floor area, load capacity, landscape, etc.
• Usually, Class A offices are quite magnificent high-rise buildings and have received quite a large investment.

Read more: Definition and Types of Modern Office Utilities

Secondly, Class B Office in District 1

Usually, Class B buildings are concentrated in the suburbs and non-central districts.

Because in District 1, there is not much land fund, the buildings try to upgrade to Class A or lower to serve the right customer segment.

Third, Class C Office

This is the most popular office and the most sought after by customers. Because the first factor is that the cost is quite cheap, suitable for small and medium-sized companies or startups.

Assess the quality of the office in District 1 when visiting

After clearly defining the above 2 criteria, it is time for you to search, make a preliminary assessment, and filter out the appropriate buildings initially.

There are many channels such as trading floors, brokers, etc. But the best is to go to the building owner’s website.

Once you have decided on the date to view the office, you should prepare enough questions and desired requirements:

• Also, Evaluate the outside of the building about the surrounding space, you will not want your office to work in a location where the construction is quite noisy.
• Are the surrounding services serving the office adequate?
• Specially, Is the building as a whole invested in the outside, because no one wants to introduce to partners a special office in a place that is not invested in, affecting the company’s image.
• When entering the building, pay attention to the receptionist and building management, whether they are professional, because all related work will be directly worked with them later. Ask a few questions about the building to evaluate their professionalism.
• When visiting the office, start paying attention to the room area, whether it is the same as described, the equipment, the arrangement of tables and chairs, feng shui, etc.
• Especially, Don’t stop there! Look at the other vacant offices in the building, maybe you will have a more suitable choice.
• What are the added services in the building?

Read more: Notes When Signing an Office Lease Contract

Rent prices for the buildings of office in District 1

Further, A building with many different types of offices, areas, and equipment will have different prices. Please refer to the entire price list and compare the best. The cheapest is sometimes not the most suitable.

Furthermore, The rental currency, in District 1, is usually calculated in dollars. Ask carefully and convert accurately.

Negotiate the contract

Ask about the contract and the terms of the signing. Benefits for the company when signing a contract.

Payment terms, deposit is usually 3 months.

Lastly, Contract period is from 1-2 years. Don’t be afraid if you find a satisfactory office, signing a long-term contract will benefit you. Because office prices are increasing.

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Email: contact@lookoffice.vn

In conclusion, the above are notes for you to be able to rent a suitable office in District 1.

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