Overview of the Building
Red Building, situated at 169 Bui Thi Xuan, Hai Ba Trung Ward, Hanoi, presents itself as a noteworthy Grade C office option in the heart of the capital. With an impressive scale comprising 14 above-ground floors and 01 basement level, the building offers modern and convenient workspace, catering to the diverse needs of businesses. Each office floor typically measures around 200sqm, providing flexibility in layout and optimizing the working environment for companies ranging from small and medium-sized enterprises to branches of larger corporations. Red Building’s architecture is designed with a focus on practicality and efficiency, featuring a contemporary facade and well-arranged interior spaces, creating a professional, dynamic, and fully equipped basic working environment that maximally supports tenants’ business operations.
Location and Connectivity
Red Building boasts a prime location at 169 Bui Thi Xuan, Hai Ba Trung Ward, one of Hanoi’s bustling areas, experiencing rapid economic development and serving as a crucial commercial hub. This location offers a superior advantage in terms of connectivity and access to surrounding amenities.
Strategic Traffic Connectivity:
- Situated on Bui Thi Xuan Street, the building easily connects to major arteries such as Pho Hue, Ba Trieu, and Dai Co Viet, making travel to other central districts like Hoan Kiem, Dong Da, and Ba Dinh quick and convenient.
- A diverse public transportation system with numerous bus routes passing through the area facilitates easy commuting for employees and clients.
- Easy access to administrative, cultural, and entertainment areas of the city.
Abundant Surrounding Amenities:
- Within close proximity, there are numerous major banks, commercial centers, restaurants, cafes, and high-end hotels, fulfilling all needs from financial transactions, dining, entertainment, to accommodation for partners.
- Close to government agencies, hospitals, and schools, creating a comprehensive ecosystem that fully supports the life and work of the business community here.
Red Building’s location not only provides convenience in travel but also fosters a dynamic business environment, with the presence of many companies, organizations, and business support services, promising strong development potential for its tenants.
Technical Specifications and Operational Amenities
Red Building is built and equipped with comprehensive technical specifications and modern operational amenities, ensuring a stable, safe, and efficient working environment for all tenants.
Scale and Area:
- Total floors: 14 above-ground floors and 01 basement, providing a significant total leasable area.
- Typical floor area: 200 sqm/floor, designed with a square layout, making it easy to divide and arrange interior spaces according to the specific needs of each business.
Air Conditioning System:
- Individual air conditioning systems are installed for each leased area, allowing tenants to actively adjust temperatures, ensuring maximum comfort and optimizing electricity costs.
Backup Power System:
- A high-capacity backup generator provides 100% power for the entire building, ensuring continuous and stable electricity supply, even in the event of a power outage, preventing business interruptions.
Elevator System:
- A high-speed elevator system, regularly maintained, ensures quick, safe, and convenient movement between floors, minimizing waiting times.
Standard Working Hours:
- Monday – Friday: 8:00 AM – 6:00 PM.
- Saturday: 8:00 AM – 12:00 PM.
Flexible working hours, suitable for the schedules of most businesses.
Fire Protection System:
- Fully equipped with standard fire protection devices, including an automatic fire alarm system, sprinklers, and fire extinguishers, ensuring maximum safety for people and property.
Parking:
- A spacious 01 basement level dedicated to motorbike parking, meeting the needs of employees.
- For cars, tenants can use public parking spots or large commercial parking lots near the building, with costs and regulations specific to each parking facility.
These amenities, along with a professional management team, ensure Red Building is an ideal, safe, and efficient working environment.
Leasing Costs and Commercial Terms
Red Building offers office leasing options with competitive costs and clear commercial terms, helping businesses easily manage their budgets and optimize operational expenses.
Office Leasing Costs:
- Rent: From $10 to $11 /sqm/month (excluding Value Added Tax). This price range reflects the value of a Grade C office in a central location.
- Service Fee: Included in the rent, covering management, maintenance, common area cleaning, 24/7 security, and public area lighting. This ensures tenants do not have to worry about additional basic service fees.
- Value Added Tax (VAT): 10% on the total rent and service fee.
- Motorbike Parking Fee: 150,000 VND/vehicle/month, a reasonable fee for basement parking within the building.
- Car Parking Fee: Tenants can park at nearby public parking spots or commercial parking lots. Costs will be charged according to the regulations of each parking facility.
- Overtime Fee: Negotiable directly with the building management, ensuring flexibility for businesses requiring work outside standard office hours.
Commercial Terms:
- Lease contracts typically offer flexible durations, suitable for the needs of various businesses.
- Clear and transparent payment terms.
- Support policies for tenants during office setup and operation.
With its clear cost structure and favorable commercial terms, Red Building is an economical and efficient choice for businesses seeking office space in Hanoi.
Suitable Business Types
Given its advantages in location, cost, and amenities, Red Building is an ideal choice for various types of businesses seeking office space in Hanoi:
- Small and Medium-sized Enterprises (SMEs): Particularly suitable for businesses with 10-50 employees, needing a professional, efficient workspace with optimized leasing costs in a central area.
- Branches, Representative Offices: Companies looking to expand operations or establish a representative office in Hanoi will find Red Building an easily accessible location, convenient for transactions, meeting partners, and recruiting personnel.
- Startups: With a limited budget but still desiring a professional, dynamic, and well-connected working environment, Red Building provides an ideal solution for launching and growing.
- Businesses operating in services, consulting, information technology: These sectors often prioritize central locations for easy access to clients and partners, as well as talent acquisition.
- Non-governmental organizations or projects: Requiring a stable, safe, and easily manageable workspace.
The building meets the needs of businesses prioritizing convenience, connectivity, a stable working environment, and reasonable operational costs, helping them focus on core business development.
Conclusion
Red Building at 169 Bui Thi Xuan is a highly recommendable Grade C office option in Hanoi, especially for businesses seeking a balance between a strategic location, essential operational amenities, and reasonable leasing costs. With 14 above-ground floors, a typical floor area of 200sqm, and comprehensive basic amenities such as individual air conditioning, 100% backup power, and a modern elevator system, the building offers an efficient and stable office solution. Its central location in Hai Ba Trung Ward ensures convenient traffic connectivity and easy access to surrounding services and amenities. This presents a good opportunity to establish or expand business operations in one of the capital’s dynamic development areas, supporting businesses in achieving sustainable growth within a competitive business environment.