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Grade a office space definition

What is grade A office space?

Grade A office space (Or Class A Office Space) are the most high-end office buildings for rent, often located in beautiful locations, in the city center, convenient for transportation and transactions.

These office buildings are modernly designed, fully equipped with services and amenities that meet professional and high quality standards.

In addition, they must have high aesthetics in architectural design.

grade A office space definition
grade A office space definition

Grade A office buildings mostly have more than two facades, located in prime locations of the city. In addition, a relatively important ranking criterion is that these office buildings need to be operated by the most reputable building management unit.

Construction scale is also an important factor in ranking a Class A building: height, floor area, central lobby, construction density, applied technology,…

Grade A premium office space rental prices will certainly be higher than the general market average. Rental incentives are also quite difficult to negotiate because supply is often very limited.

Companies and businesses that rent Grade A offices are international companies, corporations, and organizations with great development potential.

Criteria for selecting Class A office building

Identically, Selecting a Class A professional office building is crucial for businesses seeking a prestigious and productive workspace. Key criteria for making this choice include location. As accessibility and proximity to key business centers and amenities are essential.

Criteria for selecting Class A office building
Criteria for selecting Class A office building

Instead, Class A professional office for rent typically offer modern architecture and high-quality construction. Ensuring a visually appealing and efficient environment.

Likewise, State-of-the-art technology infrastructure, security systems, and energy efficiency are also paramount. Ample parking and accessibility for employees and clients contribute to the appeal of Class A professional office space.

Moreover, amenities such as gyms, cafes, and conference facilities enhance the overall work experience. A Class A office building combines these factors to provide a superior and comfortable workspace. Fostering productivity and success.

Minimum budget

Meanwhile, The minimum budget for Grade A office space varies widely based on location and size.

Moreover, In major cities like Ho Chi Minh City or New York, annual rents can start at $50 per square foot or more. With smaller offices requiring substantial budgets, typically ranging from $10,000 to $50,000 per year. Depending on specific requirements and market conditions.

Minimum rental period

Nevertheless, The minimum rental period for Grade A office space is typically at least 5 – 7 years. Longer leases can provide more favorable terms.

Company size

Obviously, Grade A office spaces accommodate a diverse range of company sizes. From small startups and mid-sized enterprises to large corporations. These premium workspaces are designed to meet the needs of businesses with varying employee numbers. Offering scalability and flexibility to support growth and productivity.

Space usage needs

Occasionally, Grade A office spaces are adaptable to diverse space usage needs. They cater to open-plan layouts for collaborative teams, private offices for executives, and versatile meeting areas.

Overall, These workspaces can accommodate a variety of usage requirements. Ensuring efficiency and functionality for different aspects of a business’s operations.

Grade a office building in Ho chi minh city

Grade A office buildings in Ho Chi Minh City offer premium work environments. Located in the city’s bustling districts like District 1 and District 3, they boast modern architectural designs, cutting-edge technology infrastructure, and top-notch security systems.

grade A office building in Ho chi minh city
grade A office building in Ho chi minh city

These spaces often provide amenities like fitness centers, cafeterias, and meeting rooms, enhancing work-life balance and convenience.

Ideal for businesses of all sizes, Grade A offices in Ho Chi Minh City are strategically positioned near major business hubs, transportation links, and essential services. With flexible lease terms, they cater to a diverse range of industries, fostering productivity and professionalism in this dynamic metropolis.

Proportion of Class A office space

The proportion of Class A office space in a city or market varies, with major business districts typically having a higher concentration. In some urban areas, it may range from 10% to 30% of the total office space, reflecting the demand for premium, high-quality work environments among businesses seeking excellence.

Concentrated areas of Grade A office buildings

Among the factors evaluating a Grade A office, geographical location is a factor that cannot be ignored. The prime location will help elevate the project significantly. Therefore, Grade A buildings are often located in the city center.

The office rental cost average of grade A building by district:

  • Firstly, District 1: $45 – $70/m2
  • Secondly, District 2: ~$40/m2
  • Thirdly, District 3: $35 – $45/m2
  • Lastly, District 7: $30 – $40/m2

Class A Office Building Costs In Ho Chi Minh City

Class A Office Building Costs In Ho Chi Minh City
Class A Office Building Costs In Ho Chi Minh City

Grade A Office Space Rental Costs In Ho Chi Minh: 35$ – 70$

Class A Office Building Management Fee In Ho Chi Minh: 4$ – 8$

Top 9 Grade A Office Space Building In Ho Chi Minh City

The following is a list of top 9 Grade A Office Space Building In Ho Chi Minh City:

Deutsches Haus

Firstly, The Deutsches Haus building is known as the “German House” because it functions as both a rental office and the headquarters of the German consulate in Vietnam. The building is also an international class A+ office building, having won many awards with its pioneering and high-class architecture.

In Front Of Deutsches Haus Building
In Front Of Deutsches Haus Building

Saigon Centre

Secondly, This is the first commercial project of the famous Keppel Land Group in the city. In Ho Chi Minh City, Saigon Center Tower 1 is not simply the newest and most modern building, but has also become a typical symbol of the “Pearl of the Far East” downtown.

In Front Of Saigon Centre Tower
In Front Of Saigon Centre Tower

Over the years, the building has gradually asserted itself as a turning point for quality and innovation to meet the needs of all multinational corporations.

Vietcombank Tower  

Thirdly, Vietcombank Tower is located in a prime location near the commercial and financial center and is also the gateway to Ho Chi Minh City. Therefore, the building promises to be an ideal headquarters for reputable units, a good first step for many businesses, and a solid foundation for all investors.

In Front of Vietcombank Tower
In Front of Vietcombank Tower

Mê Linh Point Tower 

Fourthly, Occupying an entire corner of the “golden quadrangle” of District 1 and facing Bach Dang station, embracing the view of the Saigon River and the bustling Thu Thiem Urban Area.

In Front Of Me Linh Point Tower
In Front Of Me Linh Point Tower

There is no need to argue that Me Linh Point Tower is the place that can demonstrate its reputation. and status for whichever business is located.

Bitexco Financial Tower   

Also, As one of the 20 world iconic buildings voted by CNN in 2011, and one of the 25 famous skyscrapers in the world with a construction symbol.

Bitexco Financial Tower is a complete multi-functional complex right in the middle. in the central economic district of Ho Chi Minh City, providing more than 37,000 square meters of office space for rent meeting Grade A standards.

In Front Of Bitexco Financial Tower
In Front Of Bitexco Financial Tower

The Hallmark    

Even, The Hallmark is a 30-storey office & retail commercial tower located right at the core of the newest and most vibrant center in Vietnam – Thu Thiem.

In Front of The Hallmark
In Front of The Hallmark

MPlaza Saigon 

Further, MPlaza Saigon building, formerly known as Kumho Asiana Plaza (owned by the famous Mapletree Group – Singapore) is located in an ideal location right on Le Duan street.

This place concentrates a fairly large population with many commercial, economic – administrative centers, and offices for rent in District 1… In addition, the building also offers businesses many attractive amenities and services. guide.

In Front of MPlaza Building
In Front of MPlaza Building

Lim Tower 3      

Furthermore, Lim Tower 3 belongs to Lim – the leading brand developing a chain of prestigious Grade A office buildings in Ho Chi Minh City. Oriented to “put people at the center”, the building focuses on each design and landscape to create a classy working space.

In Front of Lim Tower 3
In Front of Lim Tower 3

The METT

Lastly, The METT is a Grade A+ office building in Thu Thiem new urban area invested and developed by Son Kim Land Group. It is expected that leasing will begin in the second quarter of 2023, but currently the building is highly sought after by many domestic and foreign businesses.

In Front of The Mett
In Front of The Mett

We are agency for almost class A office for lease with reasonable prices, quick paperwork, transparency.

CONTACT US

Please contact us  for Free Consultation:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

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In conclusion, grade A office space in Ho Chi Minh City provide a superior working environment that caters to diverse business needs.

Their strategic locations, cutting-edge facilities, and modern design make them an attractive choice for businesses seeking excellence in this dynamic urban hub, fostering productivity and professional growth.

Questions to ask about grade A office space

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