Phu Dien Building

Phu Dien Building is a prominent option for companies seeking an office for lease in Hoan Kiem with professional Grade B standards, efficient floor plates and a strategic central address.

Located at 83A Ly Thuong Kiet Street, Cua Nam Ward, Hoan Kiem District, Hanoi, the building stands on one of the capital’s most important commercial and administrative routes. Banks, hotels, government institutions, professional office buildings and business services are concentrated in the surrounding area.

For companies searching for an office for lease in Hanoi, Phu Dien Building offers a balanced combination of location, corporate image and workplace functionality.

Its approximately 460-square-metre typical floor and leasing areas from about 260 square metres make it particularly relevant to medium-sized and large companies.

The property is developed by Phu Dien Investment Construction and Trading Joint Stock Company and managed by NAC Real Estate Management Group.

Professional management is an important consideration because it affects technical response times, common-area quality, security and the tenant’s overall experience throughout the lease.

Businesses researching an office space for rent in Hanoi Vietnam should nevertheless evaluate more than building grade and asking rent. The total financial commitment also depends on service charges, VAT, parking, electricity, air-conditioning, fit-out requirements and contractual obligations.

This guide examines Phu Dien Building’s location, scale, workplace standards, amenities, suitable tenant profiles, indicative rental price and the due-diligence questions companies should address before signing a lease.

Overview of Phu Dien Building

Phu Dien Building is a Grade B office building situated in one of Hanoi’s most established administrative, financial and commercial areas.

Within the Hoan Kiem office leasing market, the property occupies a useful position between smaller Grade C offices and higher-priced premium developments.

Its principal specifications include:

• Building name: Phu Dien Building
• Address: 83A Ly Thuong Kiet Street, Cua Nam Ward, Hoan Kiem District, Hanoi
• Office grade: Grade B
• Developer: Phu Dien Investment Construction and Trading Joint Stock Company
• Management company: NAC Real Estate Management Group
• Building scale: 18 above-ground floors and one basement
• Approximate site area: 700 square metres
• Approximate typical floor area: 460 square metres
• Leasing areas: From approximately 260 square metres, subject to availability
• Primary use: Professional offices for lease
• Indicative asking rent: USD 16–18 per square metre per month
• Suitable tenants: Medium-sized and large businesses, financial companies, professional service providers, representative offices and foreign enterprises

The building’s main strengths include:

• Central Ly Thuong Kiet address
• Grade B workplace standards
• Approximately 460-square-metre typical floors
• Office areas suitable for medium-sized and large teams
• Professional property management
• Restaurant, bank and ATM facilities within the building
• Convenient access to major commercial and administrative destinations
• Strong surrounding business environment

Companies comparing Hanoi office space should confirm whether the offered area is measured as gross leased space or net usable space. This difference affects workplace capacity, layout efficiency and the effective cost per workstation.

Phu Dien Building is particularly relevant to businesses researching office rental in Cua Nam Ward and requiring a larger, professionally managed floor rather than a compact Grade C office.

Location and Transport Connections of Phu Dien Building

Location is one of Phu Dien Building’s strongest competitive advantages. The property stands on Ly Thuong Kiet Street, a central route with significant commercial, administrative and financial importance.

The building is within convenient reach of:

• Hoan Kiem Lake
• Hanoi’s pedestrian area
• Hanoi Central Post Office
• Hanoi Opera House
• Trang Tien
• Ba Trieu Street
• Tran Hung Dao Street
• Hai Ba Trung Street
• Ngo Quyen Street
• Central administrative areas

Hoan Kiem Lake, Hanoi Central Post Office and Hanoi Opera House can be reached in approximately five minutes under suitable traffic conditions.

The surrounding area also accommodates:

• Vietcombank
• BIDV
• Techcombank
• Other bank branches and ATMs
• Government institutions
• Four- and five-star hotels
• Restaurants and cafés
• Professional office buildings
• Domestic and international businesses

Nearby office properties include:

• Pacific Place
• Capital Tower
• Capital Building
• TD Building
• Tran Gia Building

For companies assessing an office for rent in Hanoi, this location can provide significant operational and commercial benefits:

• Easier meetings with clients and partners
• Greater credibility through a recognised central address
• Convenient access to banking and administrative services
• Reduced travel time between inner-city appointments
• Better access to hotels and meeting venues
• Improved recruitment appeal for central-office positions

A prestigious location, however, should still be assessed from the employee’s perspective. Companies should evaluate daily travel patterns rather than relying only on the experience of senior management.

Recommended location checks include:

• Morning and evening traffic
• Car access and temporary stopping arrangements
• Basement entry and exit
• Motorcycle-parking allocation
• Visitor-parking procedures
• Courier and delivery access
• Public transportation
• Nearby alternative parking
• Walking distance to food and banking services
• Building access outside standard hours

Companies searching for commercial space for rent Hanoi should also distinguish between conventional office use and retail-oriented commercial space. Phu Dien Building is operated primarily as a professional office property.

Businesses requiring extensive customer traffic, retail frontage or specialised licences should confirm permitted use before leasing.

Building Scale and Office Space for Lease at Phu Dien Building

Phu Dien Building comprises 18 above-ground floors and one basement. It is constructed on an approximately 700-square-metre site and provides a typical office floor of around 460 square metres.

Office areas are reported to be available from approximately 260 square metres, subject to vacancy. This positioning makes the property more suitable for medium-sized and large companies than for very small teams.

An office space for lease at Phu Dien Building may accommodate:

• A medium-sized company occupying approximately 260 square metres
• A growing business requiring a substantial part of a floor
• A larger tenant taking a full 460-square-metre floor
• A foreign representative office
• A professional service company requiring client-facing areas
• A business establishing a long-term central headquarters

A 460-square-metre floor can potentially be configured to include:

• Corporate reception and waiting area
• Open-plan workspace
• Multiple meeting rooms
• Private executive offices
• Departmental working zones
• Client reception rooms
• Internal storage
• Pantry and employee facilities
• Server or communications room
• Informal collaboration areas

The floor size may suit companies with approximately 20–60 employees, although actual capacity depends on workstation density, circulation and the number of enclosed rooms.

Before selecting a unit, tenants should obtain a measured floor plan and verify:

• Gross leased area
• Net usable area
• Common-area allocation
• Structural column positions
• Window lines and natural light
• Ceiling height and condition
• Existing partitions
• Air-conditioning distribution
• Electrical capacity
• Internet and data-cabling routes
• Emergency exits
• Permitted fit-out works

Businesses should calculate their required area using a realistic workplace brief covering:

• Current and projected headcount
• Daily office attendance
• Hybrid-working policy
• Meeting-room requirements
• Private management offices
• Reception and customer-service space
• Storage requirements
• Training or collaboration areas
• Technology infrastructure
• Future expansion plans

Taking excessive space can increase rent, fit-out, furniture, utility and maintenance expenses. Leasing insufficient space may affect employee comfort and require the company to relocate before the lease expires.

Companies expecting growth should ask whether adjacent floors or additional space may become available. Expansion rights or a right of first refusal can be discussed during negotiations.

Architecture and Office Standards at Phu Dien Building

Phu Dien Building has a modern architectural style and is designed to support professional office operations.

Its principal design characteristics include:

• Clean and contemporary appearance
• Open and well-organised office areas
• Natural-light potential
• Floor plates suitable for different workplace layouts
• Professional presentation for clients and partners

A well-planned floor can help tenants improve both operational efficiency and employee experience. Businesses may organise the space into open workstations, meeting rooms, executive offices, reception areas and internal support zones.

Natural light can also reduce dependence on artificial lighting and contribute to a more comfortable workplace. During an inspection, however, tenants should evaluate actual light distribution at the specific vacant unit rather than relying on the general building description.

Because detailed lift, air-conditioning, backup-power and fire-safety specifications are not provided in the supplied information, prospective tenants should verify these systems during technical due diligence.

Important questions include:

• How many lifts serve the office floors?
• What is the lift capacity and peak-hour waiting time?
• What type of air-conditioning system is installed?
• What are the standard cooling hours?
• How are overtime air-conditioning costs calculated?
• Which systems are supported by backup power?
• What fire-detection and firefighting systems are installed?
• Where are the emergency exits?
• How is security managed outside normal operating hours?

The handover condition should also be documented clearly. Tenants should establish whether the office includes:

• Floor finishes
• Suspended ceilings
• Lighting
• Air-conditioning outlets
• Internal partitions
• Electrical points
• Fire-safety equipment
• Internet entry points
• Access-control systems

Clear handover specifications help businesses prepare a reliable fit-out budget and opening schedule.

Equipment, Amenities and Services at Phu Dien Building

Phu Dien Building offers notable internal amenities that can support daily office operations.

According to the supplied information, facilities include:

• Restaurant within the building
• Bank on the ground floor
• ATM services
• 24/7 security and CCTV monitoring
• Professional building operations

These facilities can reduce the time employees and managers spend travelling for routine activities such as banking, lunch and short business meetings.

A bank and ATMs within the building are particularly useful for companies handling regular financial transactions. The on-site restaurant can support employee convenience and provide an additional option for informal meetings.

The property is managed by NAC Real Estate Management Group. Professional management can affect:

• Speed of technical response
• Common-area cleanliness
• Security procedures
• Building presentation
• Preventive maintenance
• Communication with tenants
• Long-term operating stability

Companies should still inspect service quality directly. Useful observations include:

• Reception procedures
• Visitor registration
• Lift maintenance
• Common-area condition
• Cleaning quality
• Security coverage
• Signage
• Technical-response process

The building has one basement. Since parking is often constrained in central Hoan Kiem, tenants should confirm:

• Number of motorcycle spaces allocated
• Car-parking availability
• Monthly parking fees
• Visitor-parking arrangements
• Basement access hours
• Nearby alternative parking
• Whether parking charges may change during the lease

The surrounding area provides further amenities:

• Restaurants
• Hotels
• Cafés
• Banks
• Shopping facilities
• Professional office buildings
• Administrative services

These facilities contribute to employee convenience and improve the experience of clients visiting the office.

Business Environment and Suitable Tenant Profile

The Ly Thuong Kiet–Cua Nam–Hoan Kiem area accommodates a strong business community consisting of banks, financial companies, professional service providers, hotels, international organisations and office buildings.

An office for rent at Phu Dien Building may be particularly suitable for:

• Financial companies
• Insurance businesses
• Trading companies
• Consulting firms
• Professional service providers
• International enterprises
• Representative offices
• Medium-sized and large businesses
• Companies requiring a long-term central headquarters

Operating from this environment may provide several strategic advantages:

• Greater credibility with clients and partners
• Easier access to financial institutions
• More opportunities for networking
• Stronger corporate presentation
• Better recruitment appeal
• Convenient access to hospitality and meeting services

The property may be less suitable for very small teams because the reported leasing areas start at approximately 260 square metres. It may also be unsuitable for businesses requiring several thousand square metres of continuous space, industrial infrastructure or intensive retail activity.

For the right tenant, however, Phu Dien Building offers an attractive balance of central location, professional management, workplace scale and Grade B standards.

Why Lease an Office at Phu Dien Building?

The following factors make the property worth considering.

1. Strategic Ly Thuong Kiet location

The building is close to Hoan Kiem Lake, Hanoi Opera House, Trang Tien and major financial and administrative areas.

2. Professional Grade B positioning

The property offers a more structured working environment than many smaller or converted commercial buildings.

3. Suitable floor areas for medium-sized businesses

Areas from approximately 260 square metres and typical 460-square-metre floors can accommodate established teams and growing companies.

4. Useful internal amenities

A restaurant, bank and ATM facilities within the building support daily business operations and employee convenience.

5. Professional property management

Management by NAC Real Estate Management Group contributes to the building’s operating structure and tenant experience.

6. Strong surrounding business ecosystem

Banks, hotels, offices, restaurants and professional services are readily accessible in the surrounding area.

Companies evaluating alternatives on the same street can also consider TTXVN 79 Ly Thuong Kiet when comparing Grade B properties by floor area, facilities, management and rental terms.

Rental Price and Office Availability at Phu Dien Building

The indicative rent at Phu Dien Building is approximately USD 16–18 per square metre per month.

This range is provided for reference. The final quotation may vary according to:

• Leased area
• Floor position
• Lease duration
• Handover condition
• Commencement date
• Current vacancy
• Landlord incentives
• Negotiated commercial terms

When comparing the office rental price Hanoi market, tenants should calculate the full occupancy cost rather than relying solely on the headline rent.

An updated quotation should clarify:

• Base rent
• Service charge
• VAT
• Electricity
• Air-conditioning expenses
• Overtime air-conditioning fees
• Motorcycle-parking charges
• Car-parking charges
• Water
• Internet and telecommunications costs
• Signage fees, if applicable
• Fit-out management fees or deposits

Important lease conditions include:

• Minimum lease term
• Security deposit
• Payment frequency
• Rent-review mechanism
• Rent-free fit-out period
• Handover specifications
• Permitted fit-out works
• Building access hours
• Renewal option
• Expansion rights
• Early-termination provisions
• Reinstatement obligations at lease expiry

A lower base rent does not automatically represent better value. Service charges, parking expenses, extensive fit-out work or strict reinstatement requirements can significantly change the total financial commitment.

Vacant offices at Phu Dien Building may change continuously. Companies interested in an office space for lease at Phu Dien Building should request a current availability schedule before arranging an inspection.

The schedule should include:

• Available floor and area
• Gross and net usable measurements
• Availability date
• Existing office condition
• Asking rent and service charge
• Minimum lease duration
• Parking allocation
• Landlord incentives
• Handover specifications

Receiving this information early enables businesses to compare Phu Dien Building objectively with other offices for lease in Hanoi and avoid inspecting unsuitable spaces.

Office for Lease in Hanoi – Contact HL Land

Businesses considering an office for lease in Hoan Kiem can contact HL Land for updated rental quotations, current vacancies and comparisons with suitable alternatives.

HL Land supports tenants throughout the leasing process:

• Clarifying location, area and budget requirements
• Preparing a focused building shortlist
• Arranging office inspections
• Comparing rental and operating costs
• Reviewing important commercial conditions
• Supporting negotiations with landlords
• Coordinating lease signing and office handover

Tenants do not pay an additional brokerage service fee to HL Land. Quotations and availability information are obtained directly from landlords or authorised building representatives, supporting a transparent and objective comparison.

Contact HL Land to check whether a suitable office for rent at Phu Dien Building is currently available and compare it with other options for office rental in Cua Nam Ward and central Hanoi.

HL Land – A dedicated advisory partner for a workplace worthy of your business.