Office for lease in District 1

Overview of the office rental market in District 1

Office for rent in District 1 Meets the diverse needs of businesses and brings many benefits in terms of location and amenities. Renting an office in District 1 is often chosen because of its convenient location, close to the center and easy access to public amenities, but can also have higher rents than other areas in the city. due to the commercial nature of this area.

Currently, in District 1, there are more than 400 office buildings for rent that fully meet the standards and amenities to meet the needs of businesses. These office buildings are classified into classes A, B, and C based on their location, area, utility infrastructure, and quality.

Some highlights of the office rental market in District 1, quarter 4/2023 - quarter 3/2024 are as follows:

1. New buildings launched

• The Nexus Tower and Riverfront Financial Centre - The new Grade A office building in District 1 officially comes into operation in early 2024 with a total area of nearly 35,000m2
• ThaiSquare The Merit Developed by Thaihomes Real Estate Development Joint Stock Company, it was inaugurated on July 31, providing office space of more than 12,000 m2.
• Marina Central Tower, The commercial building belonging to Grand Marina Saigon, located in the center of District 1, has started leasing office and retail space with a total area of 106,000 m2 from July 19.,2024

2. Trends of District 1 office market

• Fill rate Grade A offices reduce 2% over the same period in 2022, reaching 89%.
• Fill rate Grade B and C offices stable at 85-90%.
• The office rental market in District 1 is towards sustainable development with the application of energy saving and environmental protection solutions.
• Flexible office usage needs (coworking, serviced office) đang increase due to the growth of startups and small and medium enterprises.

Introducing office space for rent in District 1

District leasing office 1 has the following general characteristics:

Diversity of products and rental prices

District 1 This is an area with many high-rise buildings office for rent Traditional with diversity in quality, area and rental price. Currently, Saigon Office updates more than 400 buildings, from small offices with an area of 20-30m² to offices larger than 500m², with available options to suit the needs of each customer:

Statistical table of office rental prices in District 1 by each segment

District 1 offices are mainly Class A and B office buildings with modern designs, many buildings meet international construction standards such as LEED Gold, Green Mark. Along with a prime location, with many banks, restaurants, and hotels, office rental prices in District 1 are 10 - 25$/m2/month higher than neighboring districts (varies depending on area). and building class segment)

Rental prices for office buildings on major roads in District 1

Office buildings in District 1 are concentrated mainly in Ben Nghe Ward, Da Kao Ward, Saigon Riverside area on central roads such as Ton Duc Thang, Nguyen Hue, Le Duan, Hai Ba Trung,.. Below This is a statistical table of office rental prices by area

Quality infrastructure and workspace

Office buildings in District 1 are built according to international standards, with modern designs and outstanding amenities. Security systems, support services and airy workspaces create favorable conditions to increase work productivity and employee satisfaction.

The trend of green, sustainable office design and employee health care is becoming more popular. Many new office buildings are not only equipped with amenities such as restaurants, gyms, and beautiful landscapes, but also apply air and water quality monitoring technologies. Health certifications such as WELL and Fitwel have become more familiar to both developers and tenants

Affirm reputation and brand

Setting up an office in District 1 not only provides an effective working environment but also contributes to affirming the company's reputation and brand in the eyes of customers. Therefore, many businesses in Ho Chi Minh City choose offices for rent in District 1 as their headquarters.

With the above benefits, office space for rent in District 1 becomes a popular choice for businesses that want a professional and classy working environment.

Typical office building in District 1

Table: 19 typical office buildings for rent in District 1

Building name	Building information	Image
Marina Central Tower	Address: 2 Ton Duc Thang - Ben Nghe Ward - District 1 Number of Storeys : 5 Basements + 55 upper floors Office space : 350 - 500 - 650 - 800 - 1.550 - 3.000m2 Building direction: Northeast direction Southwest direction     Grade : Grade A building Rental price: 70++ (usd/m2/month)
ThaiSquare The Merit	Address: 43 - 45 - 47 Nguyen Thi Minh Khai - Ben Nghe Ward - District 1 Number of Storeys : 6 Basements + 17 upper floors Office space : 622 - 1.245 - 3.735 - 5.603m2 Building direction: Northwest     Grade : Grade A building Rental price: 45++ (usd/m2/month)
Vietin Bank Building	Address: 93-95 Ham Nghi - Nguyen Thai Binh Ward - District 1 Number of Storeys : 3 Basements + 1 Ground Floor + 24 High Floors Office space : 420m2 Building direction: Northwest     Grade : Grade A building Rental price: 23.5++ (usd/m2/month)
The Sarus building	Address: 67 Nguyen Thi Minh Khai - Ben Thanh Ward - District 1 Number of Storeys : 1 Basement + 1 Ground floor + 1 Mezzanine + 9 High floors Office space : 176 - 344 - 406m2 Building direction: Northwest     Grade : Grade C building Rental price: 19++ (usd/m2/month)
Deutsches Haus	Address: 33 Le Duan - Ben Nghe Ward - District 1 Number of Storeys : 4 Basements + 25 FloorsVacant area: 300 - 500 - 700 - 1000 - 1500m2 Building direction: Northwest     Grade : Grade A+ building Rental price: 68++ (usd/m2/month)
Me Linh Point	Address: 2 Ngo Duc Ke - Ben Nghe Ward - District 1 Number of Storeys : 3 Basements + 22 Upper floors Office space : 117 - 134 - 193 - 466 - 600 - 861 - 941m2 Building direction: Southeast direction     Grade : Grade A building Rental price: 45++ (usd/m2/month)
Vietcombank	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)
The Nexus Tower	Address: Nguyen Sieu - Ben Nghe Ward - District 1 Number of Storeys : 5 Basements + 35 High Floors Office space : 300 - 500 - 700 - 966 - 1029 - ... - 10.000m2 Building direction: Southeast direction     Grade : Grade A building Rental price: 60++ (usd/m2/month)
Riverfront Financial Centre	Address: 3A-3B Ton Duc Thang - Ben Nghe Ward - District 1 Number of Storeys : 5 Basements - 26 floors high Office space : 220 - 550 - 800 - 1.000 - 1.220 - 1.428m2 Building direction: Southeast direction     Grade : Grade A building Rental price: 53++ (usd/m2/month)
Vincom Office Dong Khoi	Address: 70 - 72 Le Thanh Ton - District 1 Number of Storeys : 6 Basements + 29 Floors Office space : 272 - 408 - 448 - 567 - 678 - 848 - 1000 - 1500 - 2310m2 Building direction: Southeast - Southwest - Northwest     Grade : Grade A building Rental price: 35++ (usd/m2/month)
9 Ton Duc Thang	Address: 9 - 11 Ton Duc Thang - Ben Nghe Ward - District 1 Number of Storeys : 2 Basements + 34 Upper floors Office space : 100 - 172 - 212 - 400 - 664 - 1.391 - 2.500 - 4.000m2 Building direction: Northeast direction Southeast direction     Grade : Grade A building Rental price: 38++ (usd/m2/month)
Saigon Times Square	Address: 22-36 Nguyen Hue - Ben Nghe Ward - District 1 Number of Storeys : 3 Basements + 39 Upper floors Office space : 392 - 722 - 1000 - 1451m2 Building direction: Northeast direction     Grade : Grade A building Rental price: 59++ (usd/m2/month)
The Waterfront Saigon	Address: 1-1A Ton Duc Thang - Ben Nghe Ward - District 1 Number of Storeys : 4 Basements + 27 High Floors Office space : 200 - 505 - 750 - 920m2 Building direction: Northeast direction     Grade : Grade A building Rental price: 39++ (usd/m2/month)
Saigon Centre 2	Address: 65 Le Loi - Ben Nghe Ward - District 1 Number of Storeys : 6 Basements + 43 Floors Office space : 373 - 472 - 700 - 1.000 - 2.022m2 Building direction: Northwest     Grade : Grade A building Rental price: 61++ (usd/m2/month)
Diamond Plaza	Address: 34 Le Duan - Ben Nghe Ward - District 1 Number of Storeys : 2 Basements + 20 upper floors Office space : 45 - 104 - 178 - 700m2 Building direction: Southeast direction     Grade : Grade A building Rental price: 45++ (usd/m2/month)
The Landmark	Address: 5B Ton Duc Thang - Ben Nghe Ward - District 1 Number of Storeys : 3 Basements + 16 High Floors Office space : 23 - 105 - 243 - 608 - 909m2 Building direction: Southeast direction     Grade : Grade B building Rental price: 26++ (usd/m2/month)
The Metropolitan	Address: 235 Dong Khoi - Ben Nghe Ward - District 1 Number of Storeys : 2 Basements + 16 Floors Office space : 144 - 176 - 332 - 415 - 722 - 803 - 1.327m2 Building direction: Northeast direction     Grade : Grade A building Rental price: 40++ (usd/m2/month)
MB Sunny	Address: 259 Tran Hung Dao - Co Giang Ward - District 1 Number of Storeys : 3 Basements + 22 floors Office space : 139 - 195 - 319 - 524m2 Building direction: Northwest     Grade : Grade B building Rental price: 24++ (usd/m2/month)
Friendship Tower	Address: 31 Le Duan - Ben Nghe Ward - District 1 Number of Storeys : 4 Basements + 21 Upper floors Office space : 110 - 300 - 500 - 721m2 Building direction: Northwest     Grade : Grade A building Rental price: 48++ (usd/m2/month)

Top outstanding offices in the fourth quarter of 2024

Marina Central Tower building

Address: No. 2 Ton Duc Thang Street, Ben Nghe Ward, District 1

Marina Central Tower is a high-end commercial building, developed by Masteries Homes and constructed by general contractor An Phong. Expected to be completed in 2025, Marina Central Tower will become a new symbol of Ho Chi Minh City (HCMC), contributing to shaping the city's new skyline.

With a height of 55 floors and a total floor area of 106,852.5m², Marina Central Tower is the third tallest building in Ho Chi Minh City, after Landmark 81 and Bitexco Financial Tower. This building is not only impressive with its modern architecture and suspended garden system, but also has an unconventional square facade, creating a strong mark on the city skyline.

Marina Central Tower integrates Grade A office and high-end retail space, with more than 80 international brand stores and luxury F&B restaurants. On the upper floors, the building offers panoramic views of the city and Saigon River, promising a classy dining and shopping experience.

The building is LEED Gold certified, demonstrating the project's commitment to environmental protection and sustainable development. Innovative design with connected office floors, sky garden and unique outdoor balcony helps create a modern working environment, stimulating creativity and connection between colleagues.

Marina Central Tower will start leasing in July 2024 and is expected to open in 2025, promising to become an ideal destination for all activities from working, shopping, to entertainment in the dynamic economic center. the best in Vietnam.

Thaisquare The Merit building

Address: 43 - 45 - 47 Nguyen Thi Minh Khai - Ben Nghe Ward - District 1

High-rise project ThaiSquare The Merit located at the intersection of Nguyen Thi Minh Khai - Pasteur, District 1, just topped out after nearly 4 years of construction. With 17 floors and 6 basements, the building provides Grade A offices, with areas ranging from 622m2 to 5,603m2.

Prime location helps conveniently connect important districts and administrative services:

• Located in the center of District 1, with a railway running through it, attracting investment and economic development.
• Convenient connection to districts: Binh Thanh, District 2, District 3, District 5.
• Near public administrative services: Ho Chi Minh City People's Committee, Department of Transport, Department of Natural Resources and Environment, Department of Planning and Investment (about 1km).
• Quickly get to the consulates general: UK, France, USA (about 1km).
• Access to famous landmarks: Independence Palace, April 30 Park, Notre Dame Cathedral, Central Post Office (about 1.5km).
• Easily transact with many banks: Vietcombank, Vietinbank, VIB, HD Bank, Shinhan Bank.
• Near commercial centers: Diamond Plaza, Vincom Dong Khoi, InterContinental hotel.
• There are many restaurants and cafes around: Highlands Coffee, Runam Bistro, Mo Mo Paradise, Hoang Yen Restaurant, Saigon Rice Pot

Neoclassical design combined with modernity, with high-end amenities, rental price from 45 USD/m2. ThaiSquare The Merit is the ideal choice for businesses to affirm their position in the center of Ho Chi Minh City

The Sarus building

Address: No. 67 Nguyen Thi Minh Khai, Ben Thanh Ward, District 1

The Sarus Building Located near main traffic roads such as Cach Mang Thang 8, Bui Thi Xuan, and Cong Quynh, convenient to move to neighboring areas.

• 280m from Tao Dan park, 600m from September 23 park
• Near other office buildings for rent in the center of District 1 such as Khanh Minh Building, HDTC Building
• Near bank headquarters such as BIDV, VIB, Viet Capital Bank

This is also the area where many shopping malls (Shopping mall Tuticare) and entertainment facilities (Trung Nguyen Coffee, Da Lat Pho, Edenstar Saigon Hotel, Galaxy Nguyen Du cinema) serving the literati are concentrated. room.

The office area is designed as an open space, with ceramic tile floors combined with reflective glass, creating a working space filled with natural light. The office floor is designed to be empty throughout, with few columns to help tenants make the most of efficiency, suitable for the needs of many businesses.

In addition, The Sarus Building is also equipped with a ceiling electrical system to increase the aesthetics of the office, along with a glass window system to create an airy space, with a wide view.

Reasons to choose to rent an office in District 1 - advantages for businesses

4.1. Prime geographical location of District 1

District 1 is located in the center of Ho Chi Minh City, with an area of 7.7211 km2, accounting for 0.35% of the city's total area. With a population of approximately 142,625 people, this is one of the most densely populated districts in the city. District 1 concentrates many residential areas, administrative areas and central agencies, playing an important role in managing and operating the city's activities.

• The east is adjacent to Thu Duc city with the boundary being the Saigon River
• The west borders District 3 and District 5
• The south borders District 4 with the boundary of Ben Nghe canal
• The north borders Binh Thanh districts and Phu Nhuan with the boundary being Nhieu Loc - Thi Nghe canal.

4.2. Economic and political position

District 1 is the country's leading economic and financial center, with the concentration of many important agencies.

Administration

District 1 has up to 128 central agencies, including Party agencies, Unions and government organizations located in Ho Chi Minh City.

Diplomatic

District 1 is home to 28 consulates of countries such as the US, UK, France, Australia, Japan, China, Canada, Korea... Many of these consulates are located on the streets of District 1.

Economy

District 1 is home to 90% of banks, insurance companies, financial companies, securities services, manufacturing and information technology. This is where many other leading companies and industries find growth and business opportunities.

Real estate market

District 1 is a real estate market worth billions of dollars and attracts the attention of many foreign investors. Notable real estate projects in District 1 include One Central, Grand Marina, The Centennial Bason, The Grand Manhattan, Vinhomes Golden River...

4.3. Modern and complete transportation infrastructure

District 1's future synchronous and modern transportation system includes:

Road

• East - West Saigon area: connected by Vo Van Kiet Avenue with 8 - 12 lanes, creating a connection between the east and west areas of the city.
• Connecting to Tay Ninh province and Cambodia via Cach Mang Thang Tam road
• Connecting to Tan Son Nhat airport via Nam Ky Khoi Nghia street, making it convenient to travel to and from the airport.
• Connecting Cho Lon with the city center through Tran Hung Dao street.
• To go to the East and West, use the main road, Nguyen Thi Minh Khai street.
• To get to Saigon station, use the main road Nam Ky Khoi Nghia street.

Subway line

• Metro Line No. 1: From Suoi Tien to the new Mien Dong Bus Station, creating benefits for public transportation and reducing traffic congestion on the road.
• Metro Line No. 2: Tham Luong - Cat Lai Metro Line, meets travel needs in the region and creates connection with Cat Lai port.
• Metro Line 3: Connects to the new Mien Tay Bus Station, creating benefits in traveling to the Western provinces.
• Metro Line No. 4: From Thuan An to Binh Duong and Nha Be, helping to improve mobility and connectivity between neighboring areas.

Waterway

• International trade through Saigon and Khanh Hoi ports, creating opportunities for import, export and transportation of goods on sea routes.
• Trade to the Mekong Delta through Ben Nghe and Thi Nghe canals, creating links with provinces and cities in the region, supporting trade and economic development.

Office rental consulting service in District 1 at Saigon Office

Saigon Office always accompanies customers, provides dedicated advice, and updates the latest and most accurate information from investors. Your business can rest assured to spend time on your daily professional work. Our staff can help you find a suitable office space.

Customers using office rental services in District 1 at SAIGON OFFICE will also receive many benefits such as:

• Receive accurate and professional consulting information.
• Save initial investment costs when opening an office.
• Get a nice office location with the best office rental price.
• Get free advice on the process and office rental contract.
• Office rental price comes directly from the investor, without intermediaries or brokers.
• Diverse office areas: 60m2, 250m2, 500m2, 1000m2,...10,000m2

Coming to SAIGON OFFICE's services, your business will always be guaranteed your rights and receive enthusiastic support from a team of professional consultants