Office Rental Market in District 7

After experiencing many fluctuations, the office rental market in Ho Chi Minh City has shown many positive signs of recovery. Among them is the “prosperity” of the office rental market in District 7.

Office Rental Market in District 7 – Destination of many businesses

At first, Ho Chi Minh City is the “locomotive” of the country’s economy, gathering a series of companies and businesses in many fields and sizes. The office rental market in Ho Chi Minh City is currently very promising. This is demonstrate through macro factors such as commercial development, green building standards and the increase of the domestic economy.

After experiencing the wave of the Covid pandemic and the peak of the global economic recession. The office rental market in Ho Chi Minh City has also been unable to avoid many negative impacts. Therefore, businesses are currently tending to prioritize renting offices in the mid-range segment.

In that context, office leasing in District 7 has emerged as a destination for many businesses. Because the types of offices for rent here are quite diverse, from traditional offices to Coworking Space. Concentrate on busy streets such as Nguyen Van Linh, Ton Dat Tien, Hoang Van Thai and Nguyen Luong Bang.

To meet the diverse demand for office rental, office classes in District 7 are specifically divide based on international standards. Class A office buildings include the following names: Phu My Hung Tower, UOA Tower, Cobi Tower…

Of course, there will be no shortage of mid-range office leasing, with rental prices ranging from only 8.5 – 40 million/month. Which is a very popular option for small businesses and companies.

Read more: Office Rental Market Characteristics in District 2

The utility system and infrastructure of District 7 are always highly appreciated

Although it is difficult to compare with the office rental market in District 1. Even, office rental in District 7 still inherits a convenient utility system and infrastructure. This place is consider the southern gateway of the city, with a strategic position for economic and social development.

Also, Road and waterway traffic infrastructure and the physical system are consider to have the most synchronous and modern development in the region. This is a key factor for District 7 to “reach out” to develop remarkably in many fields. Therefore, many businesses choose to rent offices in District 7 because of the convenience in connecting many regions.

In the past, from the South of Saigon, traveling to the center of District 1 would go through major routes such as Nguyen Van Linh, Pham Hung and Nguyen Tat Thanh. However, traffic jams and traffic jams often occur during rush hour.

To promptly overcome the above situation, Ho Chi Minh City has invest in building many key traffic projects here such as Nguyen Khoi Bridge, Thu Thiem 3 Bridge, Thu Thiem 4 Bridge, relocating Tan Thuan Port, expanding Nguyen Tat Thanh Street to 40m…

At the same time, District 7 also owns a system of convenient and high-class service utilities. Especially benefiting from the chain of utilities of Phu My Hung urban area and many other urban areas. Such as Lotte Mart District 7, SC VivoCity, GO shopping center, Vivo City, Crescent Mall…

Read more: Overview of District 4 Office Market

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In conclusion, through the above factors, it can be concluded that the office rental market in District 7 is an attractive destination for many large and small companies and businesses.

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