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Reasons You Should Rent Office Leasing In Non-Central Districts

Reasons You Should Rent Office Leasing In Non-Central Districts

District 1 and District 3 are two central and bustling districts of Ho Chi Minh City. Which, office leasing in District 1 currently dominates most of the segments from high-end to low-cost. However, the rent for offices in the center is not cheap, so the trend of many businesses is to rent offices outside the center or adjacent districts.

What are the districts outside or adjacent to the center for office leasing?

What are the districts outside or adjacent to the center for office leasing?

Referring to the area outside the city center or adjacent to the central districts, people will immediately think of Phu Nhuan, Binh Thanh, Go Vap, Tan Binh, District 2, District 4, District 5, District 9, and District 10. In addition, District 7 is also very popular with businesses, and is a “giant” that has emerged in recent years, competing in the office leasing segment in District 1 with many projects, including monumental office towers…

Each of the above districts is very busy, has a high population density, is a potential market for thousands of businesses, and especially the traffic conditions are also very ideal. from 5 to 30 minutes.

Why is it hot to choose to rent an office outside the center?

Cheap office leasing

The first and also the most convincing reason for office leasing outside the city center is because the rental cost is cheaper, maybe up to 30%.

This is easy to see when we compare offices for rent in the same segment. For example The rent for Grade A office space in District 1 ranges from 30 to 65 USD/m2. Meanwhile, Grade A office space in District 7 is only from 19 to 28 USD/m2, and in Binh Thanh and Phu Nhuan it is from 23 to 25 USD/m2. Grade A office in District 7 – Super cheap from only 19 USD/m2

The same goes for the low-priced, Grade-B, and Grade-C office segments. A Grade B office in District 3 can range from 20 to 30 USD/m2. Meanwhile, renting an office in Binh Thanh, for only 16 USD/m2, is quite satisfactory.

Specifics of the business field for office leasing

Specifics of the business field for office leasing

The second reason why many businesses choose office leasing outside the center is because of the unique characteristics of that business. For example, many IT businesses will choose to rent an office in Tan Binh, around the Etown Cong Hoa area. Or Logistics businesses will choose to rent offices near airports, airports …

This helps businesses save travel costs while working as well as forming a block of businesses with the same industry and field, easy for customers to find, creating a large and influential community. enjoy.

Limit rush hour congestion

The third reason that many businesses give, which is also quite interesting, is that traffic in areas outside the center is often less congested during peak hours. Business owners believe this will contribute to the comfort of employees and customers.

Some businesses also choose rental locations in separate areas, low traffic density, and quiet because of the characteristics of the job that do not often interact with customers or mainly work online, so the location is also very convenient. not so important.

You can read the previous article here: 5 Notes In Office Lease Contract

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