Introducing Binh Duong

Geographical location

Binh Duong is a province in the Southeast region, located in the southern key economic region. The natural area of ​​the province is about 2,695.2km2 (about 0.83% of the natural area of ​​the country), located within 11o52' - 12o18' North latitude, 106°45′- 107°67'30" East longitude.

- The North borders Binh Phuoc province.

- The South borders Ho Chi Minh City.

- The West borders Tay Ninh province and Ho Chi Minh City.

- The East borders Dong Nai province.

Currently, Binh Duong province consists of 9 district-level administrative units, including 5 cities and 4 districts: Thu Dau Mot City, Di An City, Thuan An City, Ben Cat City, Tan Uyen City, Bac Tan Uyen District, Bau Bang District, Dau Tieng District, Phu Giao District.

Socio-economic situation
According to the latest report of the People's Committee of Binh Duong province, in the first 2 months of 2024 the province's industrial production index increased by 3.33%; Total retail sales of goods and consumer service revenue reached 56,654 billion VND, an increase of 15.7%; Export turnover reached 5 billion 341 million US dollars, an increase of 28.1%; Import turnover reaches 3 billion 547 million US dollars, an increase of 13.1% over the same period in 2023. The whole province attracts 11,904 billion VND of domestic investment capital, an increase of 47.5% over the same period in 2023 and 144 million USD in foreign investment capital.

The infrastructure

Image of Binh Duong welcome gate, located adjacent to Ho Chi Minh City

The rapid development of industrial parks, attracting foreign investors in the past 30 years, along with the methodical investment policy of the Binh Duong provincial government has created a completely new look for the infrastructure system. traffic. Looking back at the beautiful main roads in Binh Duong, we must mention National Highway 13 (Binh Duong Avenue), My Phuoc - Tan Van Expressway, Ring Road 4, DT741, DT743, DT745.

Overview of office types for rent in Binh Duong

The office rental market in Binh Duong is quite developed, but some basic types are still limited. Below, Parkview Tower will summarize some popular rental forms today:

1. Classification by rental type

1.1. Traditional office rental

Office for lease at Parkview Tower

This is the most popular type of office rental in Vietnam in general and Binh Duong in particular. This type meets the need to rent workspace for many types of businesses.

Office rental can be in the form of interior finishing or rough premises. Currently, most office buildings in Binh Duong are rented in the form of basic finishes or rough premises so that tenants can easily design the interior to suit their needs. Rental areas vary from 40m2 to 1000m2.

However, Binh Duong limits only a small number of professional office rental building projects: Parkview Tower (VSIP 1, Thuan An), Minh Sang Plaza (Thuan An), Becamex Tower (Thu Dau Mot), WTC Tower (Binh Duong New City), BWSCC (Binh Duong New City)

1.2. Shared office, virtual office

Due to increasingly diverse customer needs, in the last 2 years, shared office and virtual office rental services have appeared in Binh Duong.

With this service, tenants can optimize office rental costs during the current economic recovery period.

Parkview Tower is one of the pioneers, providing shared office and virtual office rental services in Binh Duong. If you need assistance, please contact hotline 0931 799 377.

Shared office at Parkview Tower

In addition, there are many other types of office rentals in the world such as green offices, smart offices... but they have not appeared in Binh Duong.

2. Classify by size and type of real estate

2.1. Buildings, office buildings

According to the set of ranking criteria for buildings and office buildings, including grades A, B, C and low-cost offices.

Luxurious and classy Grade A building
Grade A office buildings, also known as luxury buildings, are located in expensive locations, fronting the "golden land" of the city and province.

As a Grade A office building, office rentals here are invested in modern, comfortable equipment that meets international standards. The materials in the building are designed by a team of quality contractors. quality, professional management units,...

Good quality Grade B building
Compared to Grade A buildings, Grade B office buildings can still be located in locations farther from the center, have more quality & amenities, and more reasonable prices.

Grade C office building

Grade C office buildings often have smaller areas than Grade A and Grade B buildings, lack high-end amenities and services, and do not meet high standards of quality and design.

However, the rental price of Grade C office buildings is often cheaper than Grade A and Grade B buildings, which attracts businesses with low budgets or newly established businesses to rent to reduce operating costs. dynamic.

Cheap office building

A low-cost office building is a type of building built to provide office space for businesses or organizations at a lower cost than high-end office buildings.

Usually, cheap office buildings will have a smaller area than more luxurious office buildings, and the accompanying amenities and services will also be less. However, with lower cheap office rental prices, it is often chosen by small companies or startups with limited budgets.

Office building rental prices in Binh Duong updated in March 2024, from 7 USD/m2 to 22 USD/m2

2.2. Whole house

Besides professional office buildings, businesses in Binh Duong also prefer to rent a whole house as an office. These houses are often conveniently located, perhaps on arterial roads or quiet internal routes, in streets and alleys that are easy for cars to get in and out of. However, the limitation is that in terms of design, these houses are often renovated from townhouses used for living and converted into offices, so their functions are limited. At the same time, this form also has some shortcomings such as limited parking, needing to hire additional security guards, and no accompanying amenities or services.

The price for renting a whole house in Binh Duong is being offered at a range of 10,000,000 VND to several tens of millions, depending on location, area, and scale.

2.3. Office in warehouse and workshop area

This is a special type of office, businesses are rented within the premises of factories and warehouses. This area is priced separately. Or it may also be located in a warehouse area, under the management of logistics companies or investor businesses, but it is not fully used and is rented out to save costs. This type can also be classified as a shared office type with good prices in Binh Duong.

2.4. Shophouse, commercial space

Shophouse at Aviva Residences, D1 Street, Viet-Sing Residential Area, Thuan An, Binh Duong

Along with the development of residential and apartment projects in Binh Duong, recently, businesses have more choices when renting offices - shophouses and commercial premises. This type is often located at the base of apartment buildings or a specially designed, uniform street block (including business area and residential area). This type usually serves mainly residents in the area. Suitable for businesses: design, interior design, restaurants, cafes, convenience stores...

The average rental price ranges from VND 10,000,000 - VND 20,000,000/shop (depending on area and location)

Above is the latest information about types of offices for rent in Binh Duong. Parkview Tower hopes to bring a comprehensive picture when you plan to rent an office.

If you need advice on renting an office in Binh Duong, please contact 0931 799 377 for support!

Source: Parkview Tower