Econice Building GRADE C

Building Overview

From an independent market analysis perspective by GRES specialists, Econice Building at 201 Ba Trieu represents a highly cost-effective office solution for small and medium enterprises seeking a central location. With a scale of 8 office floors and 1 basement floor, the building offers a typical floor plate of 210 sqm. The square, column-free floor design maximizes the actual usable area (net area), allowing tenants to flexibly arrange departments and optimize seating layouts.

Location and Connectivity

The building is located at 201 Ba Trieu, Hai Ba Trung Ward, Hanoi, situated on one of the most bustling commercial streets in the central area. Ba Trieu street features synchronous transport infrastructure, directly connecting the historic city center with the rapidly developing areas in the South and West.

• Ba Trieu Street axis: A spacious one-way street connecting directly from Hoan Kiem Lake to key arterial routes such as Dai Co Viet and Tran Khat Chan.
• Vincom Ba Trieu Commercial Center: Just a 2-minute drive away, offering a massive advantage for hosting clients, dining, and premium entertainment.
• Noi Bai International Airport: Approximately 35 minutes away via Vo Chi Cong Street and Nhat Tan Bridge, ensuring smooth travel for business trips.
• Surrounding business ecosystem: Surrounded by a dense network of major bank branches (Vietcombank, BIDV, Techcombank), restaurants, and business cafes to support daily operations.

Technical Specifications and Operations

The technical infrastructure at Econice Building is designed to ensure basic yet stable operational efficiency for businesses.

• Scale & Floor plate: Comprising 8 office floors and 1 basement floor, with a typical floor plate of 210 sqm that can be flexibly partitioned.
• Ceiling height: Reaching a standard of 2.65 m, providing an airy workspace and facilitating the installation of plaster ceilings and lighting systems.
• Elevator system: Equipped with 1 high-speed elevator, ensuring smooth vertical transportation within the building.
• Air conditioning system: Utilizing an individual AC system, allowing tenants to actively adjust temperatures and optimize electricity costs based on actual usage.
• Parking space: 1 dedicated basement floor for motorbikes, combined with nearby car parking areas.
• Standard working hours: Monday to Friday (8:00 AM - 6:00 PM) and Saturday (8:00 AM - 12:00 PM).

Leasing Costs and Commercial Terms

The rental costs and commercial terms at the building are clearly structured, helping businesses easily plan their long-term budget.

• Reference rent: $9 - $11 /sqm/month (highly competitive for a central location, subject to change depending on the floor and leased area).
• Service fee: Included in rent.
• VAT: 10%.
• Motorbike parking fee: 150,000 VND/vehicle/month.
• Car parking fee: Parking available near the building (subject to the rates of nearby parking lots).
• Electricity consumption: Billed based on actual consumption via individual meters.
• Overtime fee (OVT): Negotiable based on actual business requirements.
• Minimum lease term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

Econice Building is an ideal choice for small businesses, startups, or representative offices seeking a professional, cost-efficient workspace in the heart of Hai Ba Trung wardt. The 210 sqm floor plate is easily configurable, optimizing space for various business types.

• Elevator efficiency during peak hours: Since the building is equipped with 1 elevator, businesses should coordinate staff arrival and departure times to minimize waiting.
• Backup power infrastructure: The building does not have a backup generator. Tech companies or those running continuous server systems should prepare individual Uninterruptible Power Supplies (UPS).
• Car parking solutions: As car parking is located outside the building premises, it is recommended to survey nearby parking lots in advance to ensure convenience for executives and clients.
• Actual area measurement: Measure the net usable area versus the gross area to accurately calculate staff density on the floor.

Advisory Conclusion

Econice Building offers an extremely efficient financial solution thanks to its reasonable rental rates and prime central location on Ba Trieu Street. To receive the latest vacant space updates, a detailed breakdown of total operating costs, and to schedule a physical site visit, please contact GRES specialists for in-depth support and negotiation of the best lease terms.