Office Space – Coworking Space – Shared Office Market in HCMC

The Vietnamese economy in general and Ho Chi Minh City in particular are increasingly developing, leading to a series of office rental needs. So below is information about Office Space – Coworking Space – Shared office market, office rental survey – coworking space market that you should know.

Information Office Space – Coworking Space – Shared office market in Ho Chi Minh City

Office Space – Coworking Space – The shared office market in Ho Chi Minh City. Is one of the most vibrant and developed markets in Vietnam.

Office rental survey Office Space – Coworking Space – Shared office market in Ho Chi Minh City

Location

Ho Chi Minh City has many areas with strong office development. Resources and office buildings being continuously built, notably: District 1, District 3, Phu Nhuan District, Binh Thanh District, Tan Binh District and District 7. These areas have convenient locations and easy access to utilities, services and main transportation routes of the city.

Highlights of the office rental market

• Firstly, Buildings in Ho Chi Minh City are mostly in the class B and C segments.
• Secondly, The supply of office buildings for rent in District 1 and office buildings for rent in District 3 still accounts for the largest proportion.
• Thirdly, The trend of moving to non-central areas increased sharply. 55% concentrated in Binh Thanh, District 7, and Tan Binh districts.
• Lastly, Ho Chi Minh City has many diverse types of offices for rent. From traditional office buildings to co-working spaces and virtual offices.

Read more: Coworking Workspace Binh Thanh HCMC

Supply and demand situation of stationery

The demand for office rentals in Ho Chi Minh City is increasing due to the strong development of the economy. Industry and services. However, new office supply does not meet demand, leading to office shortages in some areas.

• New office, designed according to international standards, with easy access to labor resources.
• Also, Architecture and equipment are increasingly prominent, like central areas.
• Further, Budgets are reasonable and rents are more controlled than in the downtown area.
• Businesses are switching to digital platforms, fintech, IT… So it is not necessary to go to the inner city to cut costs.

About current office tenants

• Small and medium enterprises have the highest rental demand.
• Also, Main tenants: finance, banking, insurance, manufacturing and distribution. Infrastructure, applications, real estate, consulting and other industry groups.
• Further, More than 60% of international tenants in Ho Chi Minh City are Japanese, Korean, American and Singaporean businesses.

About office construction and design trends

• Firstly, Green space, close to nature, stimulating creativity.
• Secondly, Flexible and combined working space.
• Thirdly, Aiming for LEED Green Building standards.
• Lastly, Use materials that save energy and take care of users’ health such as Low-E glass that limits UV rays. Insulates heat, insulates sound and takes advantage of natural light.

Read more: Coworking Workspace Tan Binh HCMC

Office rental survey price in Ho Chi Minh City

Office rental prices in Ho Chi Minh range from 15 USD/m2/month to 70 USD/m2/month depending on the building location. Design scale & completed equipment at the building and depends on the building’s exchange rate. vacancy rate, vacancy time at each time and the level of competition of neighboring buildings.

Vacancy rates of both Grade A and B decreased because the market absorbed new space quickly and there was no new supply. Grade A office space in Ho Chi Minh City recorded a vacancy rate of 10%, grade B vacancy rate reached 15%.

Coworking space market in Office Space – Coworking Space – Shared office market HCMC

 

As the leading economic city in the country, despite being heavily affected by the Covid-19 epidemic. Ho Chi Minh City’s economy still achieved positive growth, contributing 27% of the total national budget in 2020. Options for Choosing a Center providing outstanding office service packages in Ho Chi Minh City: Regus, UPGen, Toong Coworking Space, WeWork, Compass Offices, The Executive Center, 5S Office…

The city’s economic structure is shifting in the right direction. With growth in industries with high technology content, services, and modern industries. It is expected that when the epidemic is repelled, Ho Chi Minh City’s economy will grow in a V-shaped model, bouncing strongly like a “compressed spring”.

However, due to concerns about the epidemic. The trend of businesses looking for offices for rent in Ho Chi Minh City is also shifting to places with smaller areas. This means that businesses today want to reduce rental costs to protect business operations. It is the above factors that have made the all-inclusive office format in Ho Chi Minh City become a top trend for investors. Investment is in focus and many businesses are looking for it.

Coworking space market rental price in Ho Chi Minh City

The cost of renting a full-service office is 20 – 30% cheaper than a traditional office. Tenants will only pay rent according to the “correct office area” but will be able to use a large space in the building. Saving a lot of personnel and operating space costs.

Full office rental prices in Ho Chi Minh City fluctuate specifically as follows:

• Calculated based on flexible seating: From 61 – 245 USD/person/month
• Office only: From 73 – 352 USD/person/month

Note: Full office rental price depends on many factors: Location, building, traffic connection, level of interior design & completion, construction quality, equipment, service quality, vacancy rate, and supply and demand at each time…

CONTACT US

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

Email: contact@lookoffice.vn

In conclusion, If you need renting an office in the Office Space – Coworking Space – Shared Office market, consider choosing to rent in Ho Chi Minh City.