In the context of increasing demand for office space in District 1, while supply cannot meet the demand, the office real estate market in Ho Chi Minh City is witnessing a notable trend shift. Businesses are gradually moving their workplaces from the city center to neighboring districts to optimize space and costs. District 4, with its attractive location and development potential, has quickly become a top choice.
Office rental prices in District 4 range from $10 to $35/m2, depending on factors like area, strategic location, building amenities, and workspace quality. This price range is suitable for small and medium-sized enterprises looking to save on costs. Compared to District 1, rental prices in District 4 are generally more reasonable for similar areas and scales. The wide range of rental prices in District 4 provides favorable conditions for businesses to choose suitable locations.
District 4 is undergoing rapid urbanization and economic development. Many investment projects have transformed economic centers into new urban areas. A notable example is the Vinhomes Khanh Hoi project on Nguyen Tat Thanh Boulevard, invested by Vingroup, promising significant economic development for District 4.
The economic structure of District 4 mainly focuses on commerce, services, handicrafts, and port services, accounting for up to 70%. The Nha Rong – Khanh Hoi Port project is receiving large-scale investment, including office buildings, shopping centers, entertainment, hotels, an international passenger ship terminal complex, squares, green parks, and creative pedestrian streets. Combined with the adjacent Ba Son shipyard urban area, this project promises to change the face of District 4, turning it into a potential “Pearl of the Far East.”
District 4 is a strategic connection point with many inner-city districts such as District 1, 2, and 7, with three sides adjacent to the Saigon River:
In 2022, many new office buildings in District 4 became operational, maintaining a high occupancy rate due to the increasing demand for office space in Ho Chi Minh City and the notable development of Vietnam’s economy. According to real estate experts, there are currently not many vacant office buildings in District 4 due to high rental demand from businesses.
District 4 features a mix of luxury apartments, townhouses, and office buildings, creating a diverse and attractive living and working environment.
Office buildings are mainly concentrated in the Khanh Hoi area, with views of the Saigon River, providing a green space and feng shui benefits.
One of the major benefits of renting an office in District 4 is access to many nearby amenities, from restaurants and convenience stores to entertainment and health services, creating a comprehensive working environment.
Compared to some other central districts, office rental prices in District 4 are reasonable given the quality and amenities offered. This provides flexibility and cost optimization for businesses.
Connecting to the city’s central districts from District 4 is very convenient. The developed transportation network and main roads ensure easy movement, facilitating connections with partners and customers.
Despite many amenities, office rentals in District 4 are somewhat limited compared to neighboring districts like Districts 1, 2, and 7 in terms of scale, quantity, and diversity of high-end buildings. Although rental prices in District 4 are attractive, they do not offer a wide variety of choices for customers.
