IBC Building GRADE C

Building Overview

Planning an optimal workspace for a team of 15 to 25 employees on a single floor plate requires careful consideration of usable area versus monthly operating costs. IBC Building at 37 Trang Thi stands out as one of the rare Grade C office solutions in the central wardt that perfectly addresses this financial challenge. Featuring 5 stories and a typical floor plate of 150 sqm, the building offers a private, quiet, and highly cost-effective working environment for small and medium-sized enterprises looking to minimize fixed overheads.

Location and Connectivity

The building is prominently located at 37 Trang Thi, Cua Nam Ward, Hanoi, a bustling central location with synchronous transport infrastructure and outstanding commercial connectivity.

• Trang Thi Axis: Directly connects to key central streets such as Ba Trieu, Hai Ba Trung, and Dien Bien Phu, ensuring seamless inter-wardt travel.
• Hoan Kiem Lake & Trang Tien Plaza: Just a 2 to 3-minute drive away, providing excellent convenience for diplomatic activities, client receptions, and partner meetings.
• Noi Bai International Airport: Approximately 35 minutes away via Vo Chi Cong Street and Nhat Tan Bridge, facilitating smooth business travel schedules.
• Surrounding Amenities: Surrounded by a dense network of major banks, government offices, restaurants, and premium business cafes to support daily operational needs.

Technical Specifications and Operations

IBC Building features a highly practical design, focusing on space utilization efficiency and essential utilities for stable office operations.

• Scale & Floor Plate: 5-story building with a typical floor plate of 150 sqm/floor, allowing businesses to flexibly partition functional departments.
• Ceiling Height: Reaches a standard of 2.7 m, ensuring a well-ventilated space and easy installation of office lighting systems.
• Elevator System: Equipped with 1 high-speed elevator to meet internal transit demands efficiently.
• Air Conditioning: Split-unit air conditioning system, enabling tenants to independently control temperatures in specific working zones.
• Parking: Off-site parking in the immediate vicinity, reducing traffic pressure within the building premises.
• Standard Working Hours: Monday - Friday: 8:00 AM - 6:00 PM, Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

With its Grade C positioning, IBC Building offers highly competitive rental terms, helping businesses maximize monthly cash flow.

• Reference Rent: $11 - $12 /sqm/month (an exceptionally attractive rate for an office address in the heart of the central wardt).
• Service Fee: Included in rent, simplifying annual budget planning for tenants.
• VAT: 10%.
• Motorbike Parking Fee: 200,000 VND/motorbike/month.
• Electricity Charges: Actual consumption based on individual meter readings.
• Overtime (OVT) Fee: Negotiable based on the actual operational needs of the tenant.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

The compact 150 sqm floor plate is particularly suited for small to medium-sized enterprises (SMEs), foreign representative offices, or professional service firms requiring a prestigious central address within an optimized budget.

• Verify Net Usable Area: Carefully measure the net usable area versus the gross area to plan the most efficient desk layout.
• Assess Nearby Parking Options: Since the building utilizes off-site parking, tenants should coordinate with nearby parking lots to ensure sufficient capacity for staff and visitors.
• Evaluate Split-Unit AC Performance: Check the placement of outdoor units and cooling efficiency in corner areas to ensure a comfortable working environment.
• Negotiate Overtime Fees: Clarify late-night operational costs if your business frequently works overtime or runs night shifts.

Advisory Conclusion

IBC Building at 37 Trang Thi is an outstanding choice that successfully resolves the challenge of optimizing rental costs in central Hanoi. With highly reasonable rental rates inclusive of service fees and a prime street-front location, the building provides a significant competitive edge for brand positioning and business transactions. To receive a detailed quotation, check current vacant spaces, and schedule a physical site visit, please contact the leasing specialists at GRES today.