Leasing office space in buildings is becoming the top choice for businesses today, with the primary goal of enhancing brand value and creating a professional, modern workspace. Currently, office buildings are typically classified into three types: A, B, and C, based on various factors. Among these, Class A office is the most premium type and is sought after by many large companies.
1. What is a Class A office?
Grade A offices are classified as high-end offices with expensive rental prices. These types of offices are often located on central city streets, feature luxurious architecture, and offer many high-quality amenities. Placing a company office in a central office building is not only convenient for commuting but also a way to promote the company's image to partners.
2. Grade A office standards
At present, the ranking of office buildings in Vietnam is subjective. Government agencies have not issued any specific standards for office ranking. However, these ranking standards in Vietnam are currently based on common international criteria, so they are also valuable for reference.
2.1. Technical System
Class A office buildings must have an automated building management system (BMS/BAS). At the same time, they must have an independent power source or be equipped with a large-capacity generator system, ready to supply power in emergencies. In addition, elevators are also an important factor in the technical infrastructure system. Accordingly, passenger and freight elevators must be separate. The minimum capacity of elevators is 16 people, and the elevator ratio is approximately 4 floors per elevator.
The air conditioning and ventilation system is also included in the building's quality assessment standards. To achieve Grade A office quality, it is necessary to equip the building with a central air conditioning system that operates 24/7 and has dual heating and cooling capabilities to control humidity in each area.
2.2. Building structure
The building structure is considered an important factor in office building ratings. To achieve Grade A building standards, the following basic elements must be ensured:
- The clear ceiling height must be at least 2.7 meters and must have a raised floor.
- The floor area must be over 1000m² and the total area of the Grade A office building must be greater than 10,000m².
- The office floor must have a load capacity of 400 kg/m² or more. The non-usable area of the building must not exceed 12%.
- The exterior of the office building should prioritize the use of high-quality materials.
2.3. Location of the building
Location also has a significant impact on office ratings. To qualify as a Grade A office, the office must be located in a prime location in the city with convenient transportation, whether by private or public transport. In addition, the environment and surrounding structures must not have a negative impact on the building.
2.4. Parking garage
The parking garage is an essential area in an office building. When constructing this area, careful calculations must be made to ensure sufficient capacity for the number of users. Grade A office buildings must have underground or multi-level parking garages, and walkways must be covered.
2.5. Building owner
Class A office space must belong to a single owner; the floor space and other building blocks cannot be divided among other parties. This factor does not affect the quality of the building but is still included in the evaluation criteria, so businesses should also take note of this when leasing office space.
2.6. Building Management
Grade A office buildings should be managed by a professional entity that has managed more than five buildings or has collaborated with international offices. An experienced management team will ensure the smooth operation of the building, with any sudden incidents being resolved quickly, without affecting the overall operations of the business.
3. Distinguishing between Class A, B, and C office buildings
As mentioned, office buildings are divided into three types: A, B, and C, based on infrastructure, service quality, and management units. Distinguishing between office buildings is also quite simple:
- Class A officeThese buildings are typically located on main roads, surrounded by many amenities and professionally managed. The architecture is quite impressive and unique, using high-quality materials.
- B-grade officeThese buildings are typically smaller in scale than Grade A buildings. Additionally, they are not located in the city center but in surrounding areas, ensuring convenient access for tenants. Grade B offices in prime locations can be renovated and upgraded to Grade A standards.
- Class C officeArchitecturally, these buildings are often designed quite simply, with average infrastructure, but they are offset by relatively low rental prices and a convenient location for accessing the city center.
4. Grade A office rental prices this year
The average rental price for Grade A office space in Ho Chi Minh City is USD 60/m²/month, while the occupancy rate reaches 97%. Ho Chi Minh City also has more Grade A offices that meet international standards than Hanoi, but future supply is limited.
And according to future projections, rental prices are expected to rise higher than current levels.
5. The best Grade A office buildings in Ho Chi Minh City today
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