Maison Office is currently a leasing partner for all Grade B buildings in Hanoi. Contact us to receive detailed and updated quotes on the latest available spaces.
What is a Grade B Office?
Overview
Grade B office buildings offer a balance between functionality and affordability. While they provide decent infrastructure and amenities, they can’t be considered top-tier, as these features were installed years or even decades ago. Grade B offices are typically located in buildings constructed 10 to 20 years ago.
Due to their age, the design and décor in grade B office for lease in HCMC might appear slightly outdated. Building grades cannot be determined just by location, as Grade B stock can be found in desirable city center locations. In the end, it’s more important to consider the building’s overall state and if it adheres to the most recent infrastructure, equipment, and architectural trends.
To wrap things up, certain grade B office space once held a Class A status during their prime—they are simply a bit older now, showing visible signs of aging. If you seek a comfortable, refined, and functional space without the “wow” factor, Class B buildings represent a practical choice.
Some features of Grade B Office Buildings in Ho Chi Minh city include
Some features of Grade B office buildings include:
- Affordability: Rents in Class B buildings “compete for a wide range of users with prices in the average range for the market.
- Central locations: Grade B office for lease are located in prime city centers, offering convenient access to public transportation, restaurants, and other essential services.
- Functional infrastructure: While not as cutting-edge as Grade A offices, Grade B buildings still offer utilities, heating, ventilation, and air conditioning systems that are functional but not top of the line.
- Decent amenities: Grade A offices for rent in HCMC provide basic amenities such as on-site parking but sometimes it’s uncovered, security services, conference rooms, cafeteria or cafe dining, shared outdoor space. While they might not be as extensive as Grade A offerings, they meet essential needs.
- Flexible space: Landlords are more willing to split larger floor plates to target Small-t0-Medium sized Enterprises (SME). Tenants can adapt the space to their specific requirements, allowing for customization. Most companies make their home in grade B office due to having more cost-effective options and more supply in the sub-500sqm market.
- Availability: Due to their relatively larger number compared to Grade A offices, Grade B spaces are usually more readily available, providing businesses with a wider range of options.
- Tenants: Tenants who occupy Class B buildings don’t necessarily need to be right in the middle of the action, nor do they need an outward display of prosperity, but they want to ensure employees have a comfortable, modern workspace. Class B tenants include companies that value function over form, and are often in fields like IT, creative services, call centers…
- Potential for improvement: Some grade B offices for rent in HCMC might be older and show signs of wear, but they often have the potential for renovation and improvement, allowing tenants to upgrade the space according to their needs and preferences.
The key differences between Grade B and Grade C office buildings
The Differences Between Grade B and Grade C Office Buildings
| Criteria |
Grade B Office Buildings in HCMC |
Grade C Office Buildings in HCMC |
| Location |
Decent locations, in central areas or business districts |
Less desirable locations, often away from prime business areas |
| Quality of construction |
Functional and well-maintained buildings with moderate quality materials |
Basic construction with lower quality materials and minimal amenities |
| Amenities |
Basic amenities such as elevators, parking, and security |
Limited amenities, may lack elevators or 24/7 security services |
| Space efficiency |
Relatively flexible floor plans suitable for small to medium-sized businesses |
Basic and often rigid floor plans, less adaptable for various business needs |
| Maintenance |
Regular maintenance but may show signs of wear and aging |
Limited maintenance, buildings might be in poorer condition |
| Tenant profile |
Appeals to small to medium-sized businesses seeking a balance between cost and functionality |
Typically attracts startups or businesses with tight budgets, looking for the lowest costs |
| Rent |
Moderately priced, offering a balance between affordability and functionality |
Lower rental costs compared to Grade B, making them the most budget-friendly option |
| Upgradability |
Some potential for renovation and improvement |
Limited upgradability due to basic construction and limited amenities |
Grade B office rental price in HCMC
Grade B office rental price in Ho Chi Minh city
| Office segment |
Office rental price |
Details |
| Grade B office District 1, HCMC |
10$ – 45$/sqm |
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| Grade B office District 2, HCMC |
10$ – 35$/sqm |
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| Grade B office District 3, HCMC |
20$ – 45/sqm |
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| Grade B office District 4, HCMC |
20$ – 40$ /sqm |
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| Grade B office District 7, HCMC |
15$ – 30$/sqm |
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| Grade B office Binh Thanh District, HCMC |
15$ – 40$/sqm |
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| Grade B office Phu Nhuan District, HCMC |
10$ – 30$/sqm |
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| Grade B office Tan Binh District, HCMC |
15$ – 35$/sqm |
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List of the best Grade B office buildings for rent in HCMC
Grade B office buildings for lease in HCMC
| Office building for rent |
Address Building |
Office rental price |
| Petrovietnam Tower |
1 Le Duan Street, Ben Nghe Ward, Distric 1, HCMC |
$38 – $42 / sqm |
| Bao Viet Bank Building |
233 Dong Khoi Street, Ben Nghe Ward, Distric 1, HCMC |
$36 – $42 / sqm |
| CJ Tower |
6 Le Thanh Ton Street, Ben Nghe Ward, Distric 1, HCMC |
$36 – $40 / sqm |
| Ben Thanh Tower |
172-174 Ky Con Street, Nguyen Thai Binh Ward, Distric 1, HCMC |
$36 – $40 / sqm |
| Zen Plaza |
54 – 56 Nguyen Trai Street, Ben Thanh Ward, Distric 1, HCMC |
$36 – $40 / sqm |
| Alpha Tower |
151 Nguyen Dinh Chieu Street, Ward 6, District 3, HCMC |
$35 – $40 / sqm |
| Nexx Building |
32 Pham Ngoc Thach Street, Ward 6, District 3, HCMC |
$35 – $40 / sqm |
| Pearl Plaza |
561 Dien Bien Phu Street, Ward 25, Binh Thanh District, HCMC |
$34 – $36 / sqm |
| Havana Tower |
132 Ham Nghi Street, Ben Nghe Ward, Dist 1, HCMC |
$33 – $37 / sqm |
Maison Office will help you Quickly find the right Grade B offices for rent in Ho Chi Minh with the best price and rental conditions.
