Building Overview
DIV Building, developed by the Deposit Insurance of Vietnam (CT Bảo hiểm tiền gửi Việt Nam) and managed directly by the owner, is a Grade B office property located in Cau Giay Ward. The building rises 13 floors above ground and includes 2 basement levels for parking. With a typical floor plate of 1,120 sqm, the property is suitable for organizations seeking to consolidate multiple departments on a single level. This layout efficiency allows tenants to design open-plan workspaces and meeting rooms without wasting usable area. The asking rent ranges from $12 to $17 per sqm, which includes the service fee, making it a practical option for cost-conscious businesses.
Location and Connectivity
Situated at 11/15 Duy Tan, Cau Giay Ward, Hanoi, the building sits within an established office hub. The location provides straightforward transit routes for corporate operations. Tenants can reach the National Convention Center in approximately 10 minutes, while Noi Bai International Airport is a 40-minute drive away. The surrounding area hosts various commercial amenities, including banks, restaurants, and cafes, supporting daily business transactions and staff convenience.
Technical Specifications and Operations
The building operates under standard business hours from Monday to Friday (8:00 AM – 6:00 PM) and Saturday (8:00 AM – 12:00 PM). The technical infrastructure includes:
- Elevators: 5 high-speed elevators to manage vertical traffic.
- Air Conditioning: A modern central air conditioning system.
- Power Backup: 100% capacity backup power generator.
- Ceiling Height: Clear height of 2.7 meters.
- Parking: Vehicle parking distributed across 2 basement levels.
Lease terms require a minimum of 3 years, with a 3-month deposit and quarterly payments. Motorbike parking is priced at 120,000 VND per vehicle per month, while electricity for air conditioning is billed based on actual meter consumption. Overtime fees are negotiable. Prospective tenants should verify the current car parking allocation and exact rates during the site survey.
Leasing Costs and Commercial Terms
The financial structure at DIV Building is designed for budget predictability. The asking rent ranges from $12 to $17 per square meter, which already incorporates the building service fee. Value Added Tax (VAT) of 10% is applied additionally. This pricing structure helps tenants manage overheads without encountering unexpected operational surcharges.
A standard lease agreement requires the following terms:
- Lease Term: A minimum commitment of 3 years.
- Deposit and Payment: A 3-month security deposit with quarterly rental payments.
- Motorbike Parking: Billed at 120,000 VND per vehicle per month.
- Car Parking: Listed at 1.7 USD per square meter per month, though tenants should verify current space allocations.
- Utilities and Overtime: Electricity for air conditioning is metered and billed on actual consumption, while overtime operational fees remain negotiable.
Suitable Tenant Profiles and Checks
With a typical floor plate of 1,120 square meters, the building is suited for organizations that require unified operations. Companies such as technology firms, back-office operations, or administrative agencies can consolidate multiple departments on a single floor. This layout reduces internal transit times, supports open-plan configurations, and allows for efficient placement of meeting rooms.
Before signing, incoming tenants should conduct specific site checks:
- Confirm the exact floor area availability and partition allowances.
- Verify the specific car parking slot allocation ratio per leased square meter.
- Negotiate the overtime fee structure if regular late-night operations are expected.
- Review the electrical capacity if the business runs high-density server rooms.
Advisory Conclusion
DIV Building represents a practical option within Cau Giay Ward for organizations prioritizing cost efficiency and floor plate size over high-end branding. Managed directly by the owner, the Deposit Insurance of Vietnam, the property offers stable operational management and direct lease negotiations. The combination of a $12 to $17 per square meter rental rate and large floor plates makes it a competitive candidate for pragmatic corporate shortlists. Tenants are advised to schedule a physical survey to inspect the basement parking capacity, verify the current car parking allocation, and clarify the utility metering before finalizing terms.