Retail/office for lease in Long Hau Industrial Park: Affordable space with stable customer baseMarch 25, 2020
Long Hau Trading Center offers affordable retail/office space for lease, ranging in size from 60 – 2.600m2. Located in the heart of Long Hau Industrial Park, the center takes great advantage of stable customer base within 500m radius. This is a safe solution for tenants to “survive” the COVID-19 outbreak as well as ensure business growth.
Appearing at the end of 2019, Coronavirus 2019 (COVID-19) is spreading with a rapid speed, leading to a significant impact on retail. Many retailers continues to trim hour, while others are closing stores and returning of premises.
According to a recent survey of Savills, as of early March, the rent of street houses in Ho Chi Minh City has been plummeted. The reason is due to negatives impacts of COVID-19 which is expected to last in the near future.
Changes such as return of leased premises, asking employees to work at home… are causing negative effects on the rental market. However, experts said, the current situation might become an opportunity for retailers to reposition themselves and have a plan to expand or change locations.
Previously, retailers were willing to pay sky-high rents for central premises in order to increase access to customers. But when there are vacant premises with reduced rents, finding a reasonable place but ensured potential for future profits should be the right thing to do now.
View of empty modern office with sofa, table, chair
Why retail/office space for lease in Long Hau Industrial Park?
Retail and office for lease of Long Hau Trading Center is a cost-saving solution for retailers. Thanks to two outstanding advantages that are low rents and stable customer source within 500m radius, leasing space at this time is not a risk, but probably a good long-term decision.
Situated in the center of Long Hau Industrial Park, the two-storey center offers retail and office space ranging in size from 60 – 2.600m2 with rents from $6.5/m2/month. In particular, the first floor is suitable for banks, supermarkets, convenience stores, restaurants, while the second floor will be for offices, consulting units, co-working spaces. Tenants can easily reach the community of 200 businesses with over 20,000 employees in Long Hau Industrial Park and crowded existing residential areas.
Besides, Long Hau Trading Center has a wide range of facilities and amenties consisting of a spacious parking area, an elavators, 24-hour security, etc… Clinic, supermarkets, football field and ATMs are only 10-minute walk.
Currently, the COVID-19 epidemic does not affect the progress of the project. Long Hau Trading Center is expected to be completed and handed over to customers in April 2020.
Project progress update photos:
Long Hau Trading Center