Building Overview
Quang Minh Tower N02-T3 was completed in 2017 by developer Quang Minh Real Estate Investment JSC. The building features **25 above-ground floors** and 2 basements, standing out in the Grade C office segment with its LOTUS green building certification. With a typical **floor plate of 1,800 sqm**, the project offers flexible space divisions starting from 200 sqm, suitable for businesses requiring large single-floor layouts for efficient personnel management.
Location and Connectivity
Located in the Diplomatic Corps Area, Xuan Dinh Ward, the building offers convenient connectivity to Vo Chi Cong Road and Ring Road 2, shortening travel times to Noi Bai International Airport. Situated in a well-planned area, it benefits from open spaces of nearby parks and local amenities such as BIDV, VIB, and surrounding dining options, which should be verified during site visits. Businesses are advised to check actual traffic routes during peak hours.
Technical Specifications and Operations
The building is equipped with synchronized technical infrastructure to ensure continuous operational efficiency:
- Ceiling height reaches a standard 2.7 m, providing good ventilation.
- Modern central air conditioning system combined with a 100% capacity backup generator.
- 2 elevators serving internal transit.
- Parking area includes 2 basements and surrounding outdoor spaces.
- Rental rates range from $11 to $13 per sqm, with a reasonable service fee of 0.5 USD/sqm/month (excluding VAT). Parking fees are VND 80,000/motorbike/month and VND 1,500,000/car/month. The lease requires a minimum term of 3 years, a 3-month deposit, and quarterly payments. Actual vacant space is subject to change and should be verified upon direct inquiry.
Leasing Costs and Commercial Terms
In the Grade C office segment, the rental rate ranges from $11 to $13 per sqm, combined with a highly competitive service fee of USD 0.5 per sqm per month, helping businesses significantly save on operating budgets. Additional costs include a 10% VAT, car parking fees of VND 1,500,000 per vehicle per month, and motorbike parking at VND 80,000 per vehicle per month. Electricity for air conditioning is billed based on actual consumption meters, allowing precise energy cost control. Furthermore, overtime fees can be flexibly negotiated based on actual business requirements. The lease requires a minimum term of 3 years, with a 3-month deposit and quarterly payments, ensuring legal and cash flow stability.
Suitable Tenant Profiles and Checks
With a typical floor plate of up to 1,800 sqm and a LOTUS green building certification, the property is well-suited for technology firms, training centers, or organizations requiring centralized workspaces on a single large floor to enhance employee collaboration. However, an important point to check is the actual operational capacity of the 2 elevators during peak hours to ensure employee transit is not congested. Additionally, because actual vacant space fluctuates constantly, businesses should verify current availability directly to plan their layout division effectively.
Advisory Conclusion
Quang Minh Tower N02-T3 in Xuan Dinh Ward delivers a large-scale office solution with reasonable operating costs. It is a practical option for businesses prioritizing green building standards and cost-effective rental budgets in this area.