Office for Rent in HCMC is the Second-Highest in Southeast Asia

by huyho
May 16, 2022
Leasing Office Guide, Market
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Table of Contents

With the same amount of USD 1,000, in Ho Chi Minh City, only half of the Grade A office rent is due to the leased area in Hanoi.

Office rent in HCMC compared to other countries

For $1,000 per month, it is possible to rent 36.2 m2 of Grade A office space in Hanoi, and 20.9 m2 in Ho Chi Minh City.

With the same amount of USD 1,000, in Ho Chi Minh City, it is only possible to rent a Grade A office space that is less than half of the size due to the leased area in Hanoi, making the rental cost of Ho Chi Minh City about the same as the cost of the rent. fees in Berlin or Taipei. Meanwhile, leading the ranking is Hong Kong when with an amount of 1,000 USD/month, only 6.4 m2 of office space can be rented in the central area. In second place is London’s vibrant West End with 7 m2, and New York with 8.6 m2.

And Singapore is the city with the most expensive office rent in Southeast Asia. Tenants in this island nation can only use about 12 square meters of office space at a cost of $1,000 per month. Thus, the office rent in Ho Chi Minh City (20.9 m2) is the second-highest in the list of 8 cities surveyed in Southeast Asia; followed by Bangkok (30.5 m2), and Manila (34.4 m2), Hanoi (36.2 m2) and Jakarta (40.4 m2).

You can find some HCMC office leasing guides here: HCMC Office Leasing Guide

Countries with the cheapest office rent

Overall, Southeast Asia is considered one of the most affordable regions in the world. The top five cheapest cities to rent are all in this region. With an area of 70.2 m2 for 1,000 USD per month, Kuala Lumpur is the city with the most favorable rental rates, above Phnom Penh, Jakarta, and Hanoi.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam: