Building Overview
Planning an optimal workspace layout for a team of 50 to 100 staff on a single flat floor plate requires a strict balance between net usable area and actual operational costs. Vietnam News Agency Building, a Grade B office property situated in the heart of Cua Nam Ward, addresses this challenge effectively with its regular, column-free typical floor plate of 506 sqm.
Spanning 12 above-ground floors and 2 basement levels, the building offers a highly competitive cost structure by including the service fee directly in the rental rate. This allows businesses to easily manage their fixed monthly cash flow without worrying about fluctuating overheads.
Location and Connectivity
The building is prominently located at 79 Ly Thuong Kiet, Cua Nam Ward, Hanoi, on one of the most prestigious diplomatic and financial streets in the central administrative wardt. This thoroughfare features excellent transport infrastructure and direct connections to high-level government agencies and major banking institutions, facilitating seamless commercial transactions for tenants.
- Ly Thuong Kiet axis: Provides rapid connectivity to key arterial routes such as Quan Su, Tran Hung Dao, and Phan Boi Chau, ensuring smooth inter-wardt travel.
- Hanoi Railway Station and 1/5 Square: Located just 500m away, offering significant advantages for domestic business trips and welcoming out-of-town partners.
- Noi Bai International Airport: Approximately 35 minutes away via Vo Chi Cong Street and Nhat Tan Bridge, ensuring international clients are met on schedule.
- Surrounding business ecosystem: Surrounded by major bank branches, international hotels like Movenpick and Mercure, and premium restaurants and cafes ideal for business entertainment.
Technical Specifications and Operations
To ensure continuous operational efficiency and an enhanced workplace experience, businesses should review the actual technical specifications of the building:
- Scale & Floor plate: Comprises 12 above-ground floors and 2 basement levels; typical floor plate of 506 sqm/floor with flexible subdivision options starting from 100 sqm.
- Ceiling height: Reaches a standard 2.7 m, providing an airy and professional working environment.
- Elevator system: Equipped with 2 high-speed elevators, minimizing wait times during peak hours.
- Air conditioning system: Modern centralized ceiling-mounted air conditioning system, ensuring even temperature distribution.
- Backup power: 100% backup power capacity, automatically activating during power outages.
- Parking: 2 spacious basement levels and surrounding premises, fully accommodating the parking needs of employees and clients.
- Standard working hours: Monday to Friday (8:00 AM - 6:00 PM) and Saturday (8:00 AM - 12:00 PM).
Leasing Costs and Commercial Terms
From a financial perspective, the rental cost structure at the building is highly rated as one of the best cash flow optimization options in the central office segment:
- Reference rent: $16 - $18 /sqm/month (Subject to change based on leased area and lease commencement date).
- Service fee: Included in rent, simplifying monthly cost projections.
- VAT: 10%.
- Motorbike parking fee: Complimentary, a significant financial benefit that saves businesses substantial parking costs annually.
- Car parking fee: 1,000,000 VND/car/month.
- Electricity consumption: Billed based on actual metered usage for each office unit.
- Minimum lease term: Minimum 3-year lease.
- Deposit & Payment: 3-month deposit - Quarterly payment, ensuring operational cash flow stability.
Suitable Tenant Profiles and Checks
The building is exceptionally suited for media, finance, IT companies, or international organizations requiring a prestigious central Hanoi address with a reasonable budget. To secure the best terms before signing, businesses should conduct a site inspection based on the following criteria:
- Verify space utilization efficiency: Measure the actual net usable area versus gross area to plan the most efficient desk layout.
- Assess peak-hour parking capacity: Evaluate the actual availability of car parking spaces in the 2 basements during morning and afternoon peak hours.
- Clarify after-hours AC costs: Confirm the billing method for air conditioning during overtime work.
- Inspect technical infrastructure: Check the actual internet speed and the location of electrical connection points on the handed-over floor.
Advisory Conclusion
Vietnam News Agency Building at 79 Ly Thuong Kiet is an outstanding Grade B office solution, perfectly balancing a prestigious central location with operational cost optimization. The complimentary motorbike parking and rent-inclusive service fee are valuable financial advantages that help businesses preserve cash flow. Contact a GRES specialist today to receive the latest vacant space updates, detailed cost sheets, and professional lease negotiation support.