Office for Lease in Cho Quan Ward – A Near-CBD Location Solution with Optimized Costs
Cho Quan Ward is a newly established administrative unit of Ho Chi Minh City, formed through the merger of Ward 1, Ward 2, and Ward 4 (former District 5). The ward’s administrative office is currently located at 462 – 464 – 466 An Duong Vuong Street, an area with high commercial activity and convenient connectivity to District 1, District 8, and the western districts of the city.
With its proximity to District 1 and a rental price range significantly lower than the CBD, Cho Quan Ward is increasingly regarded by businesses as a near-central area suitable for optimizing operating costs without compromising connectivity.
Overview of the Office Market in Cho Quan Ward
The office leasing market in Cho Quan Ward has developed in a stable – practical – sustainable direction, primarily serving small and medium-sized enterprises (SMEs), startups, and representative offices. Supply mainly consists of Grade C office buildings and converted commercial properties, offering flexible floor areas from 40 m² to approximately 300 m²—well aligned with the actual leasing demand of most businesses in central areas.
Office buildings are distributed along key traffic corridors such as Tran Hung Dao, Nguyen Bieu, Tran Binh Trong, and Vo Van Kiet, enabling businesses to easily access customers, partners, and the established commercial–service ecosystem of District 5.
According to assessments by the Saigon Office expert team, Cho Quan Ward is one of the few central areas that continues to maintain a high occupancy rate (80–92%) without entering a phase of “rental price saturation,” indicating a relatively safe market for long-term office leasing.
Office Rental Prices in Cho Quan Ward
Office rental prices in Cho Quan Ward currently range from USD 8 – 16 per m² per month, depending on location, building scale, and level of completion. Compared to District 1 and District 3, these rates are approximately 30–40% lower, while connectivity and transportation infrastructure remain well maintained.
The Grade C office segment typically ranges from USD 13 – 16 per m² per month, suitable for businesses with a stable operating scale. Meanwhile, affordable office options priced at USD 8 – 10 per m² per month are favored by startups, service companies, and representative offices thanks to reasonable operating costs and flexible layouts.
From a financial perspective, locating an office in Cho Quan allows businesses to reallocate rental budgets toward investments in human resources, marketing, or business expansion—rather than allocating excessive costs to office space in the CBD.
Competitive Advantages of Leasing Offices in Cho Quan Ward
Cho Quan Ward offers a clear advantage in terms of inter-district connectivity, functioning as a “transit hub” between District 1 and the western–southern areas of Ho Chi Minh City. Major arterial roads such as Tran Hung Dao, Vo Van Kiet, and Nguyen Trai facilitate fast mobility and trade, reducing dependence on the often-congested central core.
In addition, the area benefits from the long-established commercial – healthcare – education ecosystem of District 5, creating favorable conditions for businesses operating in pharmaceuticals, medical equipment, inner-city logistics, e-commerce, and training services.
Notably, administrative restructuring and ward consolidation are expected to reposition local real estate values, opening up medium- and long-term growth potential for the office leasing market in Cho Quan.
Which Businesses Are Suitable for Offices in Cho Quan Ward?
Given current supply characteristics and rental levels, Cho Quan Ward is well suited for businesses seeking a central location, reasonable costs, and operational flexibility. The area is particularly ideal for SMEs, startups, service companies, representative offices, and enterprises operating in commerce, logistics, and healthcare.
As rental costs in the CBD continue to rise, Cho Quan is emerging as a strategic alternative solution, enabling businesses to balance operational efficiency with brand image
