Times Tower GRADE C

Building Overview

From the market analysis perspective of GRES specialists, Times Tower at 35 Le Van Luong stands out as a highly competitive Grade C office building with technical specifications that rival Grade B standards. Completed in 2018 and awarded the prestigious Green Mark certification, the building successfully addresses the growing demand for sustainable, energy-efficient workspaces among modern enterprises. Comprising two 27-story towers connected by a 5-story office podium, Times Tower offers an impressive typical floor plate of 1,792 sqm. This expansive layout allows large enterprises to consolidate their operations on a single floor, eliminating departmental silos, enhancing internal collaboration, and significantly reducing fit-out costs.

Location and Connectivity

The building is strategically located at 35 Le Van Luong, Thanh Xuan Ward, Hanoi, positioned on a major arterial route connecting the traditional city center with the rapidly growing Western commercial hubs. This bustling commercial corridor provides businesses with seamless access to clients, partners, and a high-quality talent pool.

• Le Van Luong - To Huu Expressway: Connects Thanh Xuan Ward directly to Cau Giay, Dong Da, and Ha Dong ward, ensuring smooth daily commutes for employees.
• Nearby Hotels / Shopping Malls / Parks: Located just 5 to 10 minutes from the National Convention Center, Big C Thăng Long, and Thanh Xuan Park, offering excellent advantages for hosting clients and corporate events.
• Noi Bai International Airport: Approximately 30 minutes away via the Ring Road 3 and Nhat Tan Bridge, facilitating hassle-free domestic and international business travel.
• Surrounding business ecosystem: Surrounded by major commercial banks, diverse restaurants, and business cafes, fully catering to the daily needs of office workers.

Technical Specifications and Operations

The technical infrastructure at Times Tower is modern and fully integrated to ensure seamless business operations:

• Scale & Floor plate: Features two 27-story towers and 2 basement levels, with a 5-story podium dedicated to office spaces offering a typical floor plate of 1,792 sqm.
• Ceiling height: Reaches a standard height of 2.7 m, providing a spacious feel and allowing easy installation of technical ceiling systems.
• Elevator system: Equipped with 3 high-speed elevators dedicated to the office block, minimizing wait times during peak hours.
• Air conditioning system: Modern central air conditioning system that ensures even cooling distribution across all workspaces while optimizing energy consumption.
• Backup power: 100% backup power generator capacity, ensuring uninterrupted business operations during power outages.
• Parking space: 2 spacious basement levels with smart traffic flow management to accommodate both motorbikes and cars for staff and visitors.
• 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 leasing terms at Times Tower are highly competitive compared to other properties along the Le Van Luong corridor:

• Reference rental price: $12 - $14 /sqm/month (rates may vary depending on the leased area and lease commencement date).
• Service fee: 1 USD/sqm/month for professional property management.
• VAT: 10%.
• Motorbike parking fee: 100,000 VND/motorbike/month.
• Car parking fee: 1,363,000 VND/car/month.
• Electricity consumption: Billed based on actual consumption recorded by individual sub-meters.
• Overtime fee (OVT): Subject to direct negotiation based on the tenant's operational requirements.
• Minimum lease term: 3 years to ensure operational stability.
• Deposit & Payment: 3-month deposit with quarterly payments.

Suitable Tenant Profiles and Checks

With its massive 1,792 sqm floor plate and sustainable Green Mark certification, Times Tower is the perfect fit for information technology (IT) companies, multinational corporations with large headcounts, and financial institutions requiring open, column-free workspaces. The open-plan design maximizes desk density and boosts overall employee productivity.

• HVAC efficiency and operational costs: Carefully inspect the distribution of central AC vents when partitioning rooms to optimize actual electricity costs.
• Peak-hour parking capacity: Survey the 2 basement levels during morning arrival and evening departure hours to plan parking arrangements for large teams.
• Elevator traffic density: Evaluate the performance and speed of the 3 dedicated elevators during peak hours to ensure smooth vertical transit.
• Overtime policy (OVT): Negotiate overtime charges in detail if your business operates night shifts or weekend schedules.

Advisory Conclusion

Times Tower delivers an eco-friendly, modern, and highly cost-effective office solution right in the heart of Thanh Xuan wardt. The combination of expansive floor plates, Green Mark certification, and competitive rental rates makes it an ideal foundation for long-term corporate growth. Contact GRES specialists today to receive a detailed quote, check the latest vacant spaces, and schedule a free on-site survey.