Office for Lease in Ban Co Ward – Near-CBD Location with Reasonable Costs
Office leasing in Ban Co Ward is a worthwhile option for businesses seeking a working location adjacent to District 1 while maintaining effective cost control. Following the administrative adjustments in the 2024–2025 period, Ban Co Ward is a new administrative unit of Ho Chi Minh City, established through the merger of Wards 1, 2, 3, 5 and part of Ward 4 of former District 3. The Ward People’s Committee office is currently located at No. 611/20 Dien Bien Phu Street, Ward 1, within the former District 3 area, and has quickly become an area with a high concentration of commercial office buildings in central Ho Chi Minh City.
Thanks to its strategic location, well-developed infrastructure, and diverse supply of Grade B and C offices, Ban Co Ward is increasingly being chosen by SMEs, startups, and representative offices as an effective alternative to the District 1 CBD.
Overview of the Office Market in Ban Co Ward
The office leasing market in Ban Co Ward is developing in a direction that is stable – flexible – practical, focusing mainly on small to mid-sized office areas. Supply primarily consists of Grade B and C office buildings as well as renovated commercial offices, meeting rental demand from 40 m² to over 300 m².
The area benefits from strong transportation connectivity, being close to major arterial roads such as Nguyen Dinh Chieu, Cao Thang, Dien Bien Phu, and Nguyen Thi Minh Khai, allowing businesses to quickly connect to District 1, District 5, District 10, and other key business areas.
According to market data from Q1/2025, office occupancy rates in Ban Co Ward reach approximately 92% in the Grade B segment and over 80% in the Grade C segment, indicating stable demand and the area’s sustainable attractiveness.
Office Rental Prices in Ban Co Ward
Office rental rates in Ban Co Ward currently range from USD 9 – 27/m²/month, and are considered competitive compared to neighboring central areas.
|
Building Grade |
Reference Rental Rate (USD/m²/month) |
Typical Buildings |
|
Grade B Office |
25 – 27 |
HM Town Building, Saigon Giai Phong Newspaper Building |
|
Grade C Office |
13 – 23 |
MDA Nguyen Dinh Chieu, ACM Cao Thang, D&D Nguyen Thi Minh Khai, Halo Cao Thang,... |
|
Budget Office |
9 – 14 |
Galanti Building, Z Office,.. |
Compared to District 1—where Grade A office rents have surpassed USD 35/m²/month—Ban Co Ward enables businesses to significantly reduce operating costs while still maintaining a workplace in the city’s central core.
Advantages of Leasing an Office in Ban Co Ward
Central location with convenient inter-district connectivity
Ban Co Ward is located right at the boundary between District 1 and District 10, allowing businesses to reach central districts within 5–10 minutes. This is a major advantage for companies that frequently transact with clients and partners within the inner city.
Flexible and accessible office supply
Office buildings in Ban Co Ward are generally small to mid-scale, making them suitable for SMEs, startups, and representative offices. Many landlords offer flexible leasing policies, including 15–30 days of rent-free fit-out time and basic interior handover, helping businesses shorten their setup period.
Well-established amenity ecosystem
The area offers a full range of amenities including banks, F&B outlets, convenience stores, administrative services, and parking facilities within a short radius, creating favorable conditions for both business operations and staff convenience.
Which Businesses Are Suitable for Offices in Ban Co Ward?
With reasonable rental rates, a central location, and stable operating conditions, Ban Co Ward is particularly suitable for:
- Small and medium-sized enterprises (SMEs)
- Startups, technology and service companies
- Representative offices and branch offices of domestic and foreign companies
As rental costs in the CBD continue to rise, Ban Co Ward is increasingly asserting its role as an effective near-CBD area, helping businesses balance budget control, brand image, and connectivity.
Contact for Office Leasing Consultation in Ban Co Ward
With over 10 years of experience in office leasing consultancy in Ho Chi Minh City, Saigon Office maintains continuously updated data on available spaces, actual rental rates, and handover conditions at office buildings in Ban Co Ward and other nearby central districts.
The Saigon Office consulting team supports businesses with:
- Recommending spaces that match budget and operational models
- Providing detailed comparisons between buildings before leasing decisions
- Working directly with landlords, with no service fee charged to tenants
👉 Contact Saigon Office to receive the latest list of available offices in Ban Co Ward and quickly arrange accurate on-site viewings.
