Up-To-Date Rates On Offices For Rent In District 2

When renting an office in District 2, the office quality is concerned most by many businesses. Especially in the current time when many enterprises are trying to cut down on costs to survive during the global crisis. To know more about the development potential of renting an office in District 2, as well as the rent, let’s find out in this article.

1. District 2 and its potential advantages

Located west of the city, the district has been urbanized and well-planned with rich development potentials. Location, infrastructures, traffic, neighborhood, and policies are the factors that promote the economy of the district and make the office rental market dynamic in recent years.

1.1 Location

District 2 has a prime location: located adjacent to Sai Gon river and bordering downtown districts such as Binh Thanh District, District 1, District 4 on the West, District 9 on the East, Thu Duc District on the North, and District 7, Dong Nai province on the South. Such a location will facilitate commercial exchanges in the center area of the city and offer easy access to other areas.

1.2 Traffic

The traffic in District 2 is very convenient, with approximately 100 streets, among which are main streets connected with center areas, making traveling easier to downtown districts with light traffic.

District 2 brings a huge location advantage to businesses.

1.3 Neighborhoods

Designed with a wealthy, high-income population and a fresh, airy atmosphere, compared to other districts, District 2 offers high living standards, security as well as a favorable condition for doing business here.    

1.4 Infrastructures

Currently, District 2 is the district invested methodically in infrastructures, with consistent structures and unity in planning bringing the district an enormous development potential. This is also the reason why many investors build urban areas, such as Sala, Cat Lai, Thu Thiem, An Phu- An Khanh, Marina Bay Thu Thiem, and Palm City, to give District 2 a new image. 

1.5 Policies

The guideline on the establishment of the eastern city has been approved. This means Districts on the east of the city, such as District 2, District 9, Thu Duc District, will have their own priority policies for development, which is a huge benefit for entrepreneurs setting their businesses here.

1.6 Price

In comparison with District 1 or District 3, office rental here is lower but still enables you to access basic facilities for your business.

2. Up-to-date rates on offices for rent in district 2

Up to now, the rent in District 2 is affordable. Depending on the office area (normally measured in m2), location and facilities, the price can vary, at approximately VND 350,000/m2.   Moreover, office types also affect the price.

2.1 Factors influencing office rental price in District 2

Many have wondered: Why does the price of an office change after a period of time? Why does the price vary, though in the same area or the same type? The answers for the above concerns are the following factors - which determine the price: 

• Real estate market status

Depending on economic conditions, the real estate market will be up or down. This also affects rental costs in District 2. Due to the global economic crisis, the rates of rental properties, in general, incline. Now is the perfect chance for businesses to go hunting for cheap offices for rent in District 2.

• Location

The price will be different depending on the office location, though in the same district. Take Tran Nao and Thao Dien streets as an example; the price in these two streets will be higher than others in District 2.

The location will affect rental costs.

To justify this, Tran Nao and Thao Dien streets have traffic advantages and a wide variety of surrounding facilities, so the rent here will be higher.

• Office area

This is also an aspect that determines the rent. A larger room must be pricier than a smaller one because of the price based on area.

• Office facilities

If a serviced office is fully equipped with chairs, desks, photocopy machines, high-speed Internet connection, furniture, etc. the price will be higher than a bare shell office. So, when finding an office for rent in District 2, you should compare the facilities of those offices to find out the most suitable one.

Bare shell offices are cheaper than fully equipped offices.

• Office types

Traditional offices are more expensive than shared offices or virtual offices. This is another factor that differentiates the office prices. As you can see, the rental in District 2 is not fixed, but rather flexible depending on the above causes. It is advisable that you specify your needs and find an office rental company to search for your ideal office.

Arental - a multi-annual experienced company in Real Estate - is highly rated and chosen to accompany many businesses for years and years. To find a high-quality office but still fit your budget, call us at hotline 0904 667 858 for further support.