Office Space For Lease In District 7 Ho Chi Minh: Best Office Locations in Saigon

Your business or project can save considerably on staffing and rent by establishing your team in Saigon. Of course, the method of selecting a location for your office and executing the choice is often overwhelming. As a city of almost 10m people, in an area looking at housing 25m people by 2022, you might think of these as the best locations for your office in Saigon.

A Brief Overview of Saigon

A Brief Overview of Saigon
We meet a lot of first-time visitors who need help to get their operations started in Vietnam. We’ve prepared an easy map of the districts that are most frequently at the highest of the list.

Best Locations to line Up an Office in Saigon

The Downtown Area

District 1 and District 3 are often considered the downtown area of Saigon. These districts are home to several of the main banks, corporate offices, and embassies. Rents are highest in these areas and property is often difficult to acquire; there’s significant variation from a premium location like Bitexco and therefore the secluded ‘local’ alleys of the downtown area. There are also many coworking spaces in the central area. These may additionally be a viable shorter-term option while you determine your company or team.

The Inner Districts

The Inner Districts
The internal suburbs include District 4, 5, 10, Tan Binh, Phu Nhuan, and Binh Thanh. These areas are the simplest compromise between price and connections; possibly, the simplest locations for an office in Saigon. Rents in these areas are generally cheaper and therefore the office is probably going to be located closer to the homes of your local employees. District 5 and 10 are traditional suburbs, with narrow buildings and really busy, vibrant street life. Over a little river to the south, District 4 is that the site of the old port and a few major redevelopments. Over a little river to the north is Tan Binh and Phu Nhuan, newer outskirts which are located on the brink of Tan Son Nhat airport. These inner districts are often great for international companies on a modest budget.

The Outer Districts

The outer districts include older areas like District 6, 8, 11, et al. . These are quite traditional but slightly lower density than District 5 and 10. Rents are significantly cheaper, but this can come at an unseen cost to your employee brand; international companies located in these areas will not have the same reputation as companies located more centrally. Be conscious of this when choosing an outer district location.
However, a number of the outer districts are new, particularly District 7 and District 2. Specific areas within these districts are very popular with ex-pats: Phu My Hung in District 7 and Thao Dien in District 2. These areas are very modern, with high-rise apartment towers, premium villas/exacerbates, and wide leafy streets. There is a lot of construction occurring in these areas at present.
It is also important to note that some of the outer districts are undergoing important change. For example, District 9 is located to the northeast of the downtown area. Home to the tech park that houses various international giants, including Intel, this district has received significant investment over recent years; also, a replacement rail infrastructure will soon connect it. Major developments also are planned for Thu Duc and Cu Chi; while here you are doing not yet have the vibrancy of the more central districts, it’s worth keeping an eye on them in the future.

What Should You Expect When Renting or Choosing An Office Locations

What Should You Expect When Renting or Choosing An Office Locations
Good news! Wherever you rent or finding office locations, you’ll expect to seek out talented employees nearby, an honest internet connection, power supply won’t be a drag, and abundant nearby coffee shops. Travel times are going to be acceptable, particularly once you believe the challenges in other cities like Bangkok, Jakarta, or Manila.
However, office rental is going to be a crucial early step for your operations in Vietnam and it is often a hurdle for brand spanking new arrivals. In general, you ought to remember that the property market moves quickly and maybe far more complicated than that found within the USA, Australia, Sweden, or other high-income economies. Quoted prices will change, and, as well, listed properties won’t always be available. Trusted local contacts are invaluable.
Rental prices can range from $5 to $35 per square meter, and even higher for AAA properties. Renting a billboard property is usually a 2-year commitment and requires a deposit of three months rent. Properties got to be leased to a corporation registered in Vietnam or a private. Concessions will often be given for fit-out periods. On-site parking should be available, perhaps at a marginal additional monthly cost per motorbike/car.
It’s important to remember that coworking spaces and private offices also provide an option in Saigon. Many startups are averse to the normal rental terms of a billboard office; as a result, the town is now responding with more options for this tier of the market.