QUIET MARKET OF PREMISE FOR RENT - IS IT THE RIGHT TIME TO DO BUSINESS NOW?

Quiet market of premise for rent in disctrict 2 - is it the right time to do business now? 

1. Proposing the plan to open for sale on the spot

Proposals on allowing on-site business for food and beverage and entertainment services are about to be implemented in some areas of Ho Chi Minh City. This gives hope for the business market to flourish after a 4-month hiatus. However, there are still many empty spaces at many locations after being returned to the owner after the impact of the epidemic. The question is when will the business market return to the same trajectory as before the epidemic? How long does it take for business owners to restart a business or start a business?

Premises for rent are still vacant in some areas.

Many enterprises specializing in production have applied the "3 on the spot" option for employees during the 4 months of social distancing. For the food service, entertainment, ... many business owners have had to leave the market because of revenue pressure and disruption of the supply chain. On the other hand, startups still cherish their business plans and wait for a more favorable time to start implementing. Leaders in each locality across the country regularly check and review the epidemic control situation to make suitable business opening proposals. With that, the economic life of many people will no longer be difficult.

2. Many businesses have not yet recovered from the epidemic

It will take some time for the market to stabilize again, especially when face-to-face interaction in society is currently limited by the epidemic. It is necessary to complete the implementation of disease prevention measures and ensure the health and safety of everyone in order to be able to do business with peace of mind. But now businesses still maintain their online business form in parallel with preparing to reopen for direct business. Enhancing employee wellness at the start of a business is more of a priority than ever. Enterprises doing direct business transactions are proactive in implementing hygiene and health safety plans for employees and customers.

Businesses that have been closed for the past 4 months are looking forward to the coming time, especially food service and entertainment businesses, when all business activities in areas of Ho Chi Minh City are eligible to work again. New businesses are also in no hurry to start a business at this time. Health and safety is a top factor today and has become an important part of a business plan. For online businesses, it is also difficult because shipping costs are higher than before, thus customers easily refuse to buy non-essential items.

3. Find suitable business premises to rent

Business premises are a general concept to refer to the place of purchase and sale of any goods. Current business premises are diverse in type, segment, area and price. Business owners rely on the business plan to choose the right type of rental space. The meticulous study of the types of premises will help business more favorable.

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Renting business premises after the epidemic needs to find a suitable location.

Rental kiosks: rental kiosks are suitable for take-out business models such as fast food, drinks,...or dry canned products for sale such as tea, coffee, cakes,... Rent kiosks for these products help save costs and rental space. In addition, the location of the kiosks is in an easy-to-access location for customers because they are located at a corner in front of large buildings with lots of people coming in and out, in busy business streets,...

Small space for rent: this type of premises is suitable for common business stores such as electronics, household appliances, food,... With a small area located in front of busy roads and residential areas. This place helps to access a fixed source of customers for daily necessities that are not related to entertainment.

Shophouse for rent: this is a type of premises in the high-end segment, usually built in residential urban projects, with the advantage of having an available source of quality customers from the residents of that urban area. Shophouse is suitable for restaurant business, high-end brand products, unique items for sale or as a place to provide entertainment services,...

4. District 2 for rent in full bloom

The potential business development area is now chosen by many people in District 2. All types of businesses from affordable to high-end have the opportunity to develop.

The first reason to mention is that the population in District 2 is diverse, from local workers, a new population of the wealthy class, foreigners to live and work,... Their shopping and service needs are different. Create opportunities for entrepreneurs to find growth opportunities.

Types of premises for rent in District 2 are as diverse as small premises in District 2, shophouse premises in District 2, kiosks in District 2 for business. Cheap premises in District 2 are suitable for small-scale businesses with little capital but can still ensure business efficiency.

Bustling business areas in District 2 must be mentioned in Thao Dien, An Phu, Vinhome Landmark wards, ... stable residential areas have more business potential. This area has a large population and increases steadily with other housing projects. Therefore, new business locations with products that meet the needs of residents here are still welcome.

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District 2 is a potential business area for many businesses.

However, businessmen with strong initial capital and vision can look to shophouses for rent in potential urban projects such as Diamond Island, Thu Thiem urban area,... these areas promise promises a thriving business market after the handover of housing products.