Retail real estate in central cities remains scarce with limited supply. Despite high rents, large corporations and businesses are willing to spend money to set up shop in Class A offices with increasingly stringent requirements.
High quality office space continues to rise in price
CBRE's Q2/2024 real estate market report shows that in Ho Chi Minh City, retail supply in the central area accounts for only 12%, leading to a significant increase in rental prices. Currently, rental prices in the central area have reached nearly 280 USD/m2/month, an increase of 18.5% compared to last year.
CBRE experts assess that new buildings with high quality and green standards also have good absorption rates. This shows that tenants are increasingly paying attention to the quality of office buildings, requiring investors to make improvements to meet them.
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| High-class offices with green standards are favored by many customers. |
According to Savills Vietnam, projects with green standards will attract tenants and have the most transactions in 2023. International businesses from the US, Europe, Japan, Singapore, etc. are actively looking for environmentally friendly office projects and are willing to pay higher rents for buildings with green standards.
However, there are currently not many products that meet the increasingly strict criteria of tenants, especially global corporations and businesses with orientation and commitment to sustainable development. Therefore, in Ho Chi Minh City, a rare "shopping basket" like Vincom Center Dong Khoi is creating fierce competition among major brands.
Bright spot of office rental market in Ho Chi Minh City
Catching the eye of large corporations and enterprises, Vincom Center Dong Khoi stands out as a pioneering office building developing in the green trend. This is also the first energy-saving building in Ho Chi Minh City and the whole country.
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| Vincom Center Dong Khoi is built according to green architecture standards. |
The “green” element of Vincom Center Dong Khoi is easily recognized when, in addition to the green spaces inside and outside the building, all items use Low-E glass - a type of energy-saving glass that is being used by many high-end buildings in the world. This solution helps offices reduce air-conditioning operating costs, prevent energy waste, increase the life and durability of furniture and equipment, and most importantly, ensure the health of employees on hot days.
Not only that, the entire equipment system of Vincom Center Dong Khoi also uses the most advanced energy-saving and environmental protection technologies in the world. Notable features include the solar hot water system, the water treatment system that ensures that when discharged, it does not pollute the environment, the ventilation and air-conditioning system of Trane (USA) is economical... These advanced technologies help the building operate stably, thereby saving maximum energy and creating a feeling of comfort, convenience and safety for people living and working inside.
In addition to green standards, multinational corporations also appreciate Vincom Center Dong Khoi for its modern, multi-functional design, providing large rental areas. Accordingly, the project includes 2 twin towers of 26 floors and 6 basements on a land area of 7,371 m2, operating in a closed model, including a commercial center, office area and luxury apartments.
In particular, from the 5th to the 20th floor of the building is a class A international office area with a total area of 75,000 m2, the average floor area is over 4,500 m2/floor - the highest in the market. With standard high ceilings, airy, the office area provides flexible rental solutions, suitable for all needs of arrangement, interior design and the desire for large space of businesses.
In order to enhance customer experience, Vincom Center Dong Khoi has recently been renovated and upgraded its facilities. The elevator system has been improved to increase operating speed, serving the travel needs of customers. Common areas, such as the reception hall, elevator hall, hallway, and relaxation space have also been "renovated" to be more modern and classy. The building has also been equipped with an access control system in the ground floor lobby, application control, upgraded smart parking system, automatic card swiping, etc.
With its “diamond coordinates” right in District 1 of Ho Chi Minh City, Vincom Center Dong Khoi is considered one of the new symbols for the remarkable development of the Southern economic locomotive. That is also the reason why the tower is chosen by famous world brands to set up their headquarters and offices when expanding their business in Vietnam.
Source: https://baodautu.vn/batdongsan/van-phong-xanh---khau-vi-moi-cua-cac-tap-doan-toan-cau-d222919.html
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