In the context that businesses around the world are looking for solutions to develop modern, effective and high-standard working spaces, supply Grade A office innovation is still very limited in many large urban areas, including Ho Chi Minh City. Grade A office buildings are quickly sought after because they meet the criteria and movements of foreign businesses. Grade A office standards are among the building's highest ratings. Businesses choose to rent these offices to help build a classy brand image and provide a luxurious, fully equipped working space that meets high quality standards.
What is Grade A office? Advantages of renting Grade A office space
What is Grade A office?
Grade A office is understood as type office for rent Highest ranked, located on famous financial streets or locations considered "golden land" areas of the city, comfortable and modern office space meeting international standards . Design and construction under the close supervision of a team of reputable contractors, professionally managed and famous large corporations at home and abroad.
Grade A office buildings often have prime locations, modern designs, fully equipped with high-end amenities and services along with top professional management services. Specifically:
Location:
- Located in central areas, easy access to public amenities such as restaurants, hotels, shopping centers, banks...
- Convenient transportation, easy to move by public and private means.
Design and construction:
- Modern architecture, unique design, use of high-quality materials.
- Large floor area, no columns, creating a flexible and professional working space.
- Modern infrastructure system: central air conditioning, fire protection system, high-speed elevator...
Utilities:
- Full of high-end amenities such as: restaurant, event area, gym, spa, spacious parking...
- Professional management service, 24/7 security.
Construction quality:
- Comply with international construction standards such as LEED, WELL,... ensuring quality and durability.
- Using high-quality, environmentally friendly construction materials.
Class A office rating standards
To rank offices, there needs to be a clear set of standards. However, there is no common set of standards in the world because each country has different market conditions. In Vietnam, there are no officially recognized standards, and criteria for evaluating Grade A offices depend on local factors such as architecture, design, and scale. Quality of location, amenities, design, service, and tenant satisfaction are considered most important.
Although there is no common set of standards, the market's leading management units still propose criteria such as location, amenities, design, and services to evaluate and rank Grade A offices. Below are some typical ranking criteria:
| STT | CRITERIA | GRADE A |
| 1 | TECHNICAL SYSTEM | |
| 1.1 | BMS – Building management system | Obligatory |
| 1.2 | 2-way hot and cold ventilation air conditioning system, controlling humidity in each area | Obligatory |
| 1.3 | Capacity of air conditioning and ventilation system: Cooling for server room 24/24; temperature in office area 22- 23 Co, +/- 1Co; Fresh air 60 m3/hour/ 10 m2 office. | Obligatory |
| 1.4 | Modern fire protection system | Obligatory |
| 1.5 | High-speed and high-quality elevators from famous international brands | Obligatory |
| 1.6 | Elevator waiting time: about 30 seconds | Options |
| 1.7 | Power source: two independent power sources, automatic power transfer, or equipped with a backup generator system (minimum capacity 70 VA for 1 m2), UPS for emergency technical systems. | Obligatory |
| 1.8 | Security monitoring and access management system - CCTV must be present at all entry points, parking spaces, card usage, and have security staff on duty 24/7. | Obligatory |
| 2 | BUILDING STRUCTURE | |
| 2.1 | Clear ceiling height is from 2.7 m - 2.8 m or more | Obligatory |
| 2.2 | Premises: open space, no hard partitions, efficient use, column grid larger than 6 x 6 m. | Obligatory |
| 2.3 | The distance (floor depth) from one window to the other is no more than 18-20m; Or no more than 9-10m from the center of the floor, or from the building core to the outside window; Or no more than 12m from the outside window to the center if the building has an irregular shape and has an interior void. | Options |
| 2.4 | The building's non-useful area coefficient must not exceed 12%, calculated = 1 - (usable area / rental area) * 100%. | Obligatory |
| 2.5 | The floor's load-bearing capacity is 400 kg/m2 or more. | Obligatory |
| 2.6 | Level of completion of public areas and exteriors: using high-quality materials | Obligatory |
| 2.7 | Sàn nâng (raised floors) | Obligatory |
| 2.8 | High quality window system, providing enough natural light, reasonably arranged | Options |
| 3 | LOCATION | |
| 3.1 | Good location, no surrounding constructions negatively affecting the building's image | Obligatory |
| 3.2 | Access to transportation, convenient for cars and public transportation | Obligatory |
| 4 | PARKING | |
| 4.1 | Parking in the basement, or high-rise garage, covered path into the building. Parking on the 1st floor for guests. | Obligatory |
| 4.2 | Parking space ratio of the building: No less than 1 car parking space for 100 m2 of rental area (1/100) | Options |
| 5 | OWN | |
| 5.1 | A single owner of the entire building (in other words, floors, or blocks, are not owned by multiple owners) | Obligatory |
| 5.2 | Transparent ownership structure | Options |
| 6 | BUILDING MANAGEMENT AND SERVICES | |
| 6.1 | Managed by a professional company, managing 5 buildings or more (each building area from 5000 m2), or with experience and international management quality. | Obligatory |
| 6.2 | Minimum of two telecommunications service providers in the building | Obligatory |
| 6.3 | The spacious reception area matches the building's scale, making it easy for guests to access the building | Options |
| 6.4 | The cafe is well managed enough to meet the staff size in the building, and has at least 2 additional amenities (such as ATM, laundry, store, etc.). Surrounding amenities need to be considered. | Obligatory |
With the above characteristics, work Grade A office rental partly shows the financial strength, prestige and reputation of the company, building customer trust. On the one hand, it is also listed by companies as a type of advertising cost because of its beautiful location, bringing benefits to the brand in terms of communication, helping to leave a deep impression in the eyes of customers.
Information on the Grade A office market in Ho Chi Minh City
The office market is vibrant, supply is growing strongly
The Grade A office market in Ho Chi Minh City is considered the most vibrant in Vietnam. Savills Vietnam said that the whole country, especially Hanoi and Ho Chi Minh City, is the leading office market in Asia in terms of price and rental capacity.
Ho Chi Minh City is the largest economic center and attracts the largest investment capital, leading to the demand and rent for Grade A office space here being always higher than in Hanoi. Although new supply is limited, it has kept the price increase of Grade A offices stable. Currently, Grade A offices are also gradually emerging in non-central districts such as District 2 and Go Vap District. Typically, two office buildings, The Mett and The Hallmark, in the Thu Thiem area will be put into operation in mid-late 2023.
In 2024, the office rental market in District 1 welcomes new office buildings such as The Nexus, Riverfront Financial Center, Thaisquare The Merit, making the race for market share of investors more fierce than ever. . With a total rental area of up to 1.6 million m2 of rental floor area, these buildings not only meet the increasing needs of multinational businesses but also affirm District 1's position as a Vietnam's leading financial center
According to a report by Knight Frank Vietnam, the office rental market in Ho Chi Minh City recorded abundant new supply in the period between 2023 and 2024, concentrated in District 1 and non-central areas such as District 1. 2. New Grade A office buildings entering the market include:
| Building name | Detailed information | Image |
| Riverfront Financial Centre | Address: 3A-3B Ton Duc Thang - Ben Nghe Ward - District 1 Number of Storeys : 5 Basements - 26 floors high Office space : 219 - 271 - 295 - 550 - 800 - 1.000 - 1.220 - 1.428m2 Building direction: Southeast direction Grade : Grade A building Rental price: 53++ (usd/m2/month) |   |
| The Nexus | Address: Nguyen Sieu - Ben Nghe Ward - District 1 Number of Storeys : 5 Basements + 35 High Floors Office space : 300 - 500 - 700 - 966 - 1029 - 5000m2 Building direction: Southeast direction Grade : Grade A building Rental price: 60++ (usd/m2/month) |   |
| Marina Central Tower | The building is expected to be completed in 2025, becoming the third tallest building in Saigon after Landmark 81 and Bitexco Financial Tower. Address: 2 Ton Duc Thang - Ben Nghe Ward - District 1 Number of Storeys : 5 Basements + 55 upper floors Office space : 87.000m2 Building direction: Southwest direction Grade : Grade A buildingRent: 70++ (usd/m2/month) |   |
| Thaisquare The Merit | Address: 43 - 45 - 47 Nguyen Thi Minh Khai - Ben Nghe Ward - District 1 Number of Storeys : 5.5 Basements + 19 upper floors Office space : 622 - 1.245 - 3.735 - 5.603m2 Building direction: Northwest Grade : Grade A building Rental price: 48++ (usd/m2/month) |   |
| The Mett | Address: Lot 1.13 Thu Thiem Urban Area - District 2 Number of Storeys : 3 Basements + 22 Upper floors Office space : 320 - 400 - 600 - 810 - 1178 - 1200 - 1600m2 Building direction: Southeast direction Grade : Grade A building Rental price: 44++ (usd/m2/month) |   |
| The Hallmark |
Number of Storeys : 4 Basements + 30 High Floors Office space : 200 - 300 - 600 - 1000 - 1600 - 1800 - 2300m2 Building direction: Southeast direction Grade : Grade A+ building Rental price: 46++ (usd/m2/month) |   |
Grade A office rental prices are high and stable
Grade A offices in HCM are concentrated mainly in central districts such as Districts 1 and 3, with a few offices concentrated in other districts such as Districts 2, 7, and Binh Thanh. Thanks to its central location, Grade A office rental prices in Districts 1 and 3 are higher than in other districts
Grade A office rental price in Ho Chi Minh City ranges from $22 - $65/m2/month, higher than Grade B, Grade C and low-cost offices. Specifically:
| PRICE LIST FOR RENTING GRADE A OFFICE SERVICES IN HCMC | |||
| Area | Rent | Management fee | Typical building |
| ✅ District 1 | ⭐ $28-65/m2 | $5-7/m2 | MPlaza, The Nexus 1 & 2, Empress, Metropolitan, Vincom Center Tower, Vietcombank Tower, AB Tower, Friendship Tower, Deutsches Haus, LIM 3 Tower, Saigon Times Square,... |
| ✅ District 2 | ⭐ 30-46$/m2 | $7.5/m2 | The Mett Building, The Hallmark, The Metropole,.. |
| ✅ District 3 | ⭐ $26-36/m2 | $4-6/m2 | Lim Tower 2, Centec Tower,... |
| ✅ District 4 | ⭐ $27/m2 | $6/m2 | E.Town Central |
| ✅ District 7 | ⭐ $22-26/m2 | $6-7/m2 | UOA Tower, Mapletree Business Centre, Cobi 1, Cobi 2 |
| ✅ District 10 | ⭐ $26/m2 | $5.5/m2 | Viettel Complex Tower |
| ✅ Binh Thanh District | ⭐ $23-25/m2 | $4-6/m2 | Pearl Plaza Tower, Landmark 81,.. |
| ✅ Phu Nhuan District | ⭐ $25/m2 | $5.5/m2 | Centre Point Building,... |
| ✅ Tan Binh District | ⭐ $27/m2 | $6/m2 | Etown 6,... |
Criteria for selecting Grade A offices
To be able to rent an office in Grade A buildings in Ho Chi Minh City, you need to meet the following minimum conditions:
Minimum financial conditions: over $30/m2/month
The important criterion for choosing a Grade A office is the financial condition of the business. Because that financial source must be enough to rent and maintain an office for a long time.
Normally, Grade A office rental prices in Ho Chi Minh City range from $30/m2/month or more, accompanied by a management fee of $4/m2 or more. Depending on the location, area and amenities of the office, this cost may vary. Please refer to the price list of Grade A office rentals in Ho Chi Minh City or contact us immediately for detailed advice suitable to your needs.
Minimum rental period
Businesses also need to have a plan to rent Grade A offices for a long time, at least 2 years or more to meet the requirements in the contract. Besides, long-term leasing will help invest in office rental costs and optimize benefits for the company.
Company size is large enough
Professional office buildings, especially Grade A offices, often require a minimum rental area of 100m2, with an average area per person of about 5 - 10m2/person to have spacious, comfortable seating. for staff. If a business rents a Grade A office, it needs to be large enough to meet the building's area requirements.
In addition, if the size of your business is less than 10 people and you want to work in a high-class environment, you can consider a full-service office rental model by seat. Because serviced offices in the center are often located in Grade A and B buildings, are set up in a classy and professional manner, providing full facilities to serve your work. Refer immediately to the type serviced office here
Need to use professional workspace
Business needs are also important decision criteria when renting Grade A office space, such as:
- Businesses with long-term development orientation want to rent Grade A offices to increase professionalism and create more value for the company's brand.
- Businesses need a beautiful business address, convenient transportation location, near economic and financial centers and many convenient services nearby.
- Businesses need a workspace that suits their specific job needs in terms of: special requirements of the industry, convenient amenities and services.
Typical Grade A office buildings in the city. HCM
| District | Building name | Image | Building |
| District 1 | MPlaza Saigon |   | Address: 39 Le Duan - Ben Nghe Ward - District 1 Number of Storeys : 3 Basements + 21 Upper floors Office space : 300 - 463 - 696 - 1100 - 1686m2 Building direction: Northwest Grade : Grade A building Rental price: 45++ (usd/m2/month) |
| District 1 | Empress Building |   | Address: 138 - 142 Hai Ba Trung - District 1 Number of Storeys : 2 basement floors + 18 upper floors Office space : 119 - 143 - 229 - 447 - 551 - 738 - 1.240m2 Building direction: Southwest direction Grade : Grade A building Rental price: 36++ (usd/m2/month) |
| District 1 | Vietcombank Tower |   | Address: 5 Me Linh Square - Ben Nghe Ward - District 1 Number of Storeys : 4 Basements + 35 High Floors Office space : 266 - 350 - 413 - 693 - 725 - 1.170m2 Building direction: East direction Southeast direction Grade : Grade A building Rental price: 52++ (usd/m2/month) |
| District 3 | Centec Tower |   | Address: 72 Nguyen Thi Minh Khai - Ward 6 - District 3 Number of Storeys : 3 Basements + 26 Floors Office space : 160 - 205 - 285 - 528m2 Building direction: Southeast direction Grade : Grade A building Rental price: 34++ (usd/m2/month) |
| District 7 | Cobi 1 |   | Address: 69 Hoang Van Thai - Tan Phu Ward - District 7 Number of Storeys : 2 Basements + 20 Upper floors Office space : 158 - 275 - 380 - 411 - 575 - 1.140 - 2.280 - 5.000m2 Building direction: Northeast direction Grade : Grade A building Rental price: 21.5++ (usd/m2/month) |
| District 7 | Cobi 2 |   | Address: 2 No. 8 - Tan Phu Ward - District 7 Number of Storeys : 2 Basements + 17 Upper floors Office space : 200 - 250 - 300 - 450 - 520 - 1066 - 2.126 - 5.000m2 Building direction: Northeast direction Grade : Grade A building Rental price: 21.5++ (usd/m2/month) |
| Fan 7 | UOA Tower |   | Address: 08 Tan Trao - District 7 Number of Storeys : 4 Basements + 24 Upper floors Office space : 116 - 276 - 301 - 591 - 1.222 - 2.400m2 Building direction: Southeast direction Grade : Grade A building Rental price: 22++ (usd/m2/month) |
| District 10 | Viettel Complex |   | Address: 285 Cach Mang Thang Tam - District 10 Number of Storeys : Tower A: 3 Basements + 28 Floors; Tower B: 3 Basements + 24 Floors Office space : 142 - 195 - 327 - 355 - 553 - 838 - 908 - 1.800m2 Building direction: Northeast direction Grade : Grade A building Rental price: 30++ (usd/m2/month) |
Recommend other types of offices suitable for the business
In addition to Grade A offices, you can refer to other types of offices to meet the criteria for your business:
- Grade B office: If finances are limited or the company's scale is not large enough to rent a Grade A office. Grade B offices with lower rental prices and more diverse rental areas will suit the needs of the business.
- Rent a full-service office or shared office: If your business only needs a professional working environment but the number of employees is not enough to rent a Grade A office floor, Business Centers that rent offices by seats in Grade A buildings will definitely suit your needs. use and help businesses save a lot of costs.
- Search for offices for rent outside the center: If your business does not need a central location, professional offices in District 2, District 4, District 7, District 9 have good service quality with larger space and better rental prices.
>>> Additionally, you can refer to this for more information Grade C office for rent and Cheap office for rent
If you are looking for Grade A office space in Ho Chi Minh City, please contact us immediately. With more than 10 years of experience in finding and leasing offices, we are committed to bringing you the following values:
- Propose an office building suitable to your rental needs: budget, location, area, internal and surrounding amenities
- Commit to participating throughout the office search process: see actual offices, support contract negotiations and note terms and policies to ensure advantages for customers
Contact Saigon Office today:
- Hotline: 0901 413 388
- Address: 2nd Floor, PLS Building, No. 1 Tran Khanh Du, Tan Dinh Ward, District 1
