HCM City-based Commenty Company which specialises in IT has rented a bigger office in District 4 to expand its operations after posting a robust growth during the pandemic.
The demand for rented office space in HCM City has sharply risen after the Covid-19 pandemic
Nguyen Tien Tuan, director of a trading firm in HCM City, said that his company had moved to a new office following new hires.
Many buildings in HCM City have cut office leases by 10-15 percent.
Nguyen Ngoc Bich, deputy director of the office leasing service at Thien Nam Building, said that the company owns 11 buildings which had a 98-99 percent occupancy rate before the pandemic. Due to the pandemic, two buildings with a total area of 3,000 square metres were now empty.
After three months of rent exemption, Thien Nam Building has attracted more customers. At present, only roughly 1,300 square metres of the company’s office area are vacant.
Bich added that offices leased at around USD20 per square metre per month were luring many businesses which have 40-60 staff.
Pearl Plaza in Binh Thanh District have turned its shops into offices to meet the increasing demand.
Lots of buildings in HCM City such as Saigon Centre, Diamond Plaza and Bitexco have been fully leased.
