The Covid epidemic made market of office for lease in the Hanoi heavily affected when the number of rentals plummeted. However, after the pandemic, the office for lease market is showing positive signs of recovery. Hanoi is still an attractive and quite stable market as the positive signs from the number of customers looking for office for lease in the districts are increasing again. One of the places that is receiving the attention of customers looking for an office for lease in Hanoi is Ba Dinh.
Overview market of office for lease in Ba Dinh district
Currently, office for lease in Ba Dinh district is on a strong growth trend and the number of Grade A offices here also has a high occupancy rate. The reason that Ba Dinh attracts businesses looking for an office is located in the strategic location of the district.
Ba Dinh is the central district of Hanoi city, adjacent to the inner districts of Hanoi and is a vibrant economic development area of the city. At the top of Ba Dinh, the northern part is bordered by Tay Ho district, the lower to the south by Hoan Kiem district, the southwest to the Dong Da district, the east to the Long Bien district, and the west to Cau Giay district.
Ba Dinh District is a district with a favorable position when both the current financial center, trade and service (Hoan Kiem district) and the new financial – economic sector are gradually developing (Cau Giay district) next to Ba Dinh district. Therefore, locating in office for lease in Ba Dinh district will bring more convenience in traffic and smooth financial and commercial transactions for businesses renting offices in Ba Dinh area.
Location advantage of office for lease in Ba Dinh district
Ba Dinh district has 14 affiliated communal administrative units, including 14 wards: Cong Vi, Dien Bien, Doi Can, Giang Vo, Kim Ma, Lieu Giai, Ngoc Ha, Ngoc Khanh, Nguyen Trung Truc, Phuc Xa. , Quan Thanh, Thanh Cong, Truc Bach, Vinh Phuc and 95 streets.
Not only concentrating many major streets of Hanoi city, but this is also a district with many government offices, embassies in Vietnam (Poland, Singapore, Czech, …), trade centers such as: Lotte Tower, Vincom Center Metropolis Lieu Giai, …. Utilities such as banks, restaurants, supermarkets … are also concentrated around crowded residential streets and office buildings.
Large parks of Hanoi such as Lenin Park, Bach Thao Park, Thu Le Park help Ba Dinh district have fresh and cool air. Besides, because it is a concentrated area of state agencies, embassies, this place has both quietness and good security.
Types of office for lease in Ba Dinh district
Most of the office buildings for lease in Ba Dinh district are Grade B and Grade C and only 4 Grade A office buildings are Lotte Center, Daeha Business Center, Capital Place and Doji Tower.
Office for lease in Ba Dinh district are concentrated in major streets such as Kim Ma, Giang Vo, Lang Ha, Lieu Giai, … Offices located on the above roads will be convenient for traffic and activities. Economic and commercial action takes place very strongly, but the rent here will be a bit higher. If customers have a small budget, they can choose smaller such as: 10-storey offices with a floor area of less than 200 m2 in Nguyen Hong, Hoang Hoa Tham, …
Potential development of office for lease in Ba Dinh district
Currently, the leaders of Hanoi city are making policies towards promoting the potentials and advantages of the central district of Ba Dinh, promoting economic restructuring, promoting the capabilities and resources of the cities. economic sectors, branches and fields of high quality, quality and added value. In particular, Ba Dinh district still must maintain absolute political security, ensure social order and safety, best serve the internal and external activities of the Party and the State that regularly take place in the this place.
The policies that have a positive meaning for economic – political activities will help the Ba Dinh district office for lease develop stronger. In addition, standard infrastructure, advantages in the area for traffic and transactions will create advantages for office for lease in Ba Dinh district. These are exactly what businesses are looking for in the location of an office headquarters.