Building Overview
VIT Tower, developed by CTCP Tap doan VIT and managed directly by the building owner, provides functional Grade B office space in Giang Vo Ward. The development rises 20 above-ground floors alongside 3 dedicated basement levels. With a typical floor plate of 759 square meters, the layout supports growing organizations requiring sufficient depth to divide operational teams and support functions efficiently. The building holds LEED and EDGE certifications, reflecting a commitment to resource efficiency that tenants should verify during technical due diligence. The rental rates, ranging from $17 to $18 per square meter, position this property as a practical option for cost-conscious occupiers seeking balanced floor plans.
Location and Connectivity
Situated at 519 Kim Ma, Giang Vo Ward, the building occupies a position near the intersection of Kim Ma, Lieu Giai, and Nguyen Chi Thanh. This location provides straightforward transit routes for employees and clients. Key local points are accessible within short distances:
- Daewoo Hotel: approximately a 4-minute walk.
- Embassies of Japan, Australia, and Sweden: within a 5-minute drive.
- Recreational areas: Thu Le Park and Ngoc Khanh Lake are situated nearby, offering open spaces close to the work environment.
The surrounding neighborhood features a developed commercial ecosystem with hotels, restaurants, and retail options, reducing the need for long-distance travel for daily business requirements.
Technical Specifications and Operations
The building operates under standard business hours from 8:00 AM to 6:00 PM on weekdays, and 8:00 AM to 12:30 PM on Saturdays. Technical infrastructure includes:
- Vertical transportation: 4 high-speed Mitsubishi elevators.
- Climate control: Modern central air conditioning system, with electricity costs for cooling already included in the service charge of 4 USD/sqm/month.
- Power backup: Generator capacity covering 100% of the building’s electricity demand during outages.
- Ceiling height: Clear height of 2.7 meters.
- Parking facilities: 3 basement levels, with monthly rates set at 2,000,000 VND per car and 160,000 VND per motorbike.
Lease structures require a minimum 3-year term, supported by a 3-month deposit and quarterly payments. Tenants should confirm current vacant areas and any specific fit-out period allowances during site inspections.
Leasing Costs and Commercial Terms
The financial structure at this property is defined by a base rent of $17 to $18 per square meter per month, with an additional service charge of 4 USD per square meter per month. Value Added Tax (VAT) is applied at 10%. A notable operational benefit for tenants is that electricity for the central air conditioning system is already covered within the standard service charge during official working hours, which helps stabilize monthly utility forecasting.
Additional commercial terms and parking rates include the following specifications:
- Motorbike parking fee: 160,000 VND per vehicle per month.
- Car parking fee: 2,000,000 VND per vehicle per month within the three basement levels.
- Overtime charges: Negotiable depending on the specific floor area and extended hours required.
- Lease commitment: Minimum term of 3 years, secured by a 3-month deposit and quarterly rental payments.
Suitable Tenant Profiles and Checks
The layout of the 759-square-meter floor plate is well-suited for growing companies that require sufficient depth to separate operational teams and support functions. The balanced floor plan allows for efficient partitioning, making it easier to split functions while keeping the overall office plan balanced and productive.
Prospective tenants should conduct several practical checks during the site-survey and negotiation phases:
- Confirm the exact square footage of vacant areas available at the time of inquiry.
- Verify the specific rent-free period allowed for interior fit-out and whether utility fees are waived during construction.
- Review the documentation for the LEED and EDGE certifications to ensure alignment with corporate environmental mandates.
- Clarify the overtime cooling fees if regular evening or weekend operations are required for international workflows.
Advisory Conclusion
The asking rental level makes this property straightforward to position on a pragmatic shortlist for cost-conscious occupiers. With its predictable utility cost structure, established management by the building owner, and functional floor plates in Giang Vo Ward, the building serves as a reliable base for mid-sized enterprises prioritizing budget control and operational stability over premium branding.