Overview of Binh Thanh Office Market

Binh Thanh office market is popular in Ho Chi Minh City today. Businesses or companies want to set up headquarters on prime land, so Binh Thanh District is an indispensable choice. Therefore, the office rental market here is receiving a lot of attention.

Economic characteristics of Binh Thanh office market

At first, Binh Thanh Office market is the merger of 2 districts, Binh Hoa District and Thanh My Tay District from 1976 to present. Binh Thanh District is located in the Northeast of Ho Chi Minh City, with a fresh climate and is a famous tourist destination in Ho Chi Minh City.

Then, Binh Thanh District is developing in all aspects, so the lives of people in the district are also increasingly improved. The number of people choosing to live and work here is increasing, so the form of real estate business, renting houses and land in Binh Thanh District is increasingly interested and developing strongly.

In the past, Binh Thanh District, Ho Chi Minh City was only a district specializing in agriculture, livestock, and fishing. But now, this place is increasingly focus on, developing investment, enhancing economic activities, services, real estate trading, commerce, etc.

Currently, Binh Thanh District has outstanding points in industry, developing small-scale industry and commerce. Service companies have been and are the highlights and key economic sectors of the district, promoting the development, industrialization and modernization of the district.

Geographical location of Binh Thanh District, HCMC

Generally, Binh Thanh District has an extremely favorable location, easy to move to other areas. The North borders Go Vap District and District 12. The South borders District 1, the boundary of Nhieu Loc – Thi Nghe Canal. The East of Binh Thanh District, Ho Chi Minh City borders Thu Duc. The West borders Phu Nhuan District. Binh Thanh District consists of 20 wards with an area of ​​about 20.78 km2.

Also, Binh Thanh District is the intersection of National Highway 1A and National Highway 13. Which is considered a key traffic hub in the South. The roads are very develop, with the Eastern bus station being one of the key traffic points in the South. Not only the roads, railways and waterways here are also interested and strongly develop. Therefore, the trade here is very bustling, creating conditions for the office rental market in Binh Thanh District to flourish.

Currently, Binh Thanh District has developed a lot in all aspects. Thanks to investors in the business and real estate sectors with bustling urban areas coming here.

Read more: Overview of District 4 Office Market

Infrastructure in Binh Thanh district HCMC

To meet the needs of the people, the district has built and develop infrastructure, entertainment, and tourism. Especially worth mentioning is the Landmark 81 building in Binh Thanh. This is the symbol of Ho Chi Minh City – the tallest building in Vietnam to date. And also the pride of the Vietnamese people, creating a turning point in the economic development of this area.

Further, Binh Thanh District is nurturing many projects to contribute to the development of the economy, making it convenient for people to travel. Investment in real estate, office rental, and business premises rental in Binh Thanh District is increasing thanks to the main road of the area. Infrastructure is also increasingly developed and the quality of life of the people is also increasingly improve.

Office rental price in Binh Thanh office market

Especially, Office rental price in Binh Thanh District is very diverse, with many prices suitable for your needs and purposes. Most office rental prices will range from 8 – 25$/m2. If you rent in some prime areas in the district such as: renting an office in Ward 7, renting an office in Ward 25, Binh Thanh District,… the price may be higher.

At last, Owning an office is very difficult, to solve that problem, people will choose to rent an office to suit their needs and criteria. Currently, the office rental market in Ho Chi Minh City in general and in Binh Thanh in particular has receive a lot of attention from large, medium and small enterprises. The diverse office segments create many options for tenants, which is a big plus. Besides the luxurious high-rise offices or class A, B offices, there are also cheap offices that receive a lot of attention from customers.

Read more: Office Rental Market in District 7

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In conclusion, the above is an introduction to the Binh Thanh office market—an area chosen by many people as a place to set up headquarters and offices in Ho Chi Minh City. Hopefully, this information will be useful for businesses looking for offices in the future.

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