The cost of office space per square meter is an important factor to consider in a business's cost optimization equation. Depending on the geographical location, building segment, leased area, or supply and demand market at any given time, the rental price for office floors varies significantly.
1. What is the current office rent per square meter?
Market Office space for rent in Ho Chi Minh City recorded price fluctuations from $8 – $70/sqm/month (equivalent to about 200,000 – 1,850,000 VND/m²/month) according to the building standards and location:
- Premium segment (class A/A+): Prices range from $35 – $70/m²/month. Suitable for multinational corporations, financial institutions, and banks.
- Mid-range segment (B/B+ class): Prices range from $15 – $35/m²/month. The most popular segment, suitable for expanding businesses, accounts for over 50% of the total market supply.
- Economy segment (C/C+ class): Prices range from $10 – $20/m²/month. Suitable for small and medium-sized enterprises (SMEs), tech companies, or startups.
- Budget office: Price under $13/m²/month, located in suburban districts or in large alleys.
2. HCMC office for lease price list updated by building segment.
| Segment | Rental price ($/m²/month) | Service charge ($/m²/month) |
| Class A+ Office | $50 – $70 | $6.5 – $8.0 |
| Class A Office | $35 – $50 | $5.0 – $6.5 |
| Grade B+ Office | $23 – $35 | $4.0 – $5.5 |
| Class B Office | $18 – $25 | $3.0 – $4.5 |
| Class C Office | $12 – $18 | $2.0 – $3.5 |
| Low-Cost Office | $8 – $13 | $1.0 – $2.0 |
3. Office rental price list by area in HCMC.
| Area | Class A ($/sqm) | Class B ($/m²) | Class C ($/m²) | Location characteristics |
| District 1, District 3 | $30 – $70 | $22 – $34 | $14 – $22 | Core of the financial, commercial, and administrative center. |
| District 4, Binh Thanh, Phu Nhuan | $25 – $45 | $18 – $28 | $8 – $18 | A gateway connecting District 1, with prices 20–30% lower than those in the city center, and convenient transportation. |
| District 2 (Thu Duc) | $25 – $55 | $18 – $30 | $8 – $16 | New infrastructure, modern planning, concentrated in Thao Dien & Thu Thiem. |
| District 7 (Phu My Hung) | $28 – $42 | $15 – $25 | $8 – $15 | Concentrates many logistics and import-export businesses. |
| Tan Binh, Go Vap | – | $14 – $22 | $6 – $14 | Adjacent to Tan Son Nhat Airport, suitable for transportation and e-commerce businesses. |
4. Factors directly affecting the rental price/m2.
- Leased Area (Gross vs. Net): Renting an entire floor will get a better discount than renting a subdivided area. Attention must be paid to whether the contract calculates the price based on Net (clear floor) or Gross (including columns, corridors) area.
- Building occupancy rate: New buildings coming into operation often offer preferential rates and longer interior fit-out exemption periods to attract tenants.
- Contract term: Lease term 3 - 5 years help businesses lock in unit prices and avoid the risk of price inflation (which usually increases by 5 to 10% per year after 2 years).
5. Detailed fees for office rental.
- Base rent: fixed rent calculated in $/sq m/month or VND/sq m/month.
- Service fee: ranges from $3 to $8/month. Includes elevator, security, cleaning fees, etc.
- Value-Added Tax (VAT): a tax rate of 10% applied to the total rent and service fees.
- Electricity cost: calculated by the electricity meter
- Parking fee: from 150,000 – 300,000 VND/month for motorcycles. From 2,000,000 – 3,500,000 VND/month for cars.
How to calculate the actual monthly office rental cost:
TOTAL MONTHLY COST = [Area x (Base rent + Service fee) x (1 + VAT)] + Parking fee + Electricity + Overtime fee (if any)
Find an office quickly – optimize costs with Galaxy Office
Team Galaxy Office - a reputable office for lease consulting and service provider in Ho Chi Minh City. Supporting businesses in resolving all issues regarding prices and office lease contracts in HCMC.
Contact us immediately at Galaxy Office To get a quote & the latest available office building list today:
Contact information:
- Headquarters: 9th Floor, Diamond Plaza Building, 34 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City.
- Branch: 4th Floor, Van Loi Building, 24 Dang Thai Mai Street, Ward 7, Phu Nhuan District, Ho Chi Minh City.
- Hotline: 0939.663.882
- Email: info@galaxyoffice.vn
