How Much Does It Cost To Renovate A Business Office In Vietnam?

The latest report from Cushman & Wakefield (C&W) has provided detailed figures on office renovation costs for businesses in Vietnam as well as other countries in the Asia region.

In big cities like Ho Chi Minh City and Hanoi, office renovation costs are typically higher than the national average.

According to C&W’s research and surveys, the average cost to fully install a new office in Vietnam is about 15 million VND per square meter, while the cost to upgrade an existing office is from 7.4 million VND per square meter upward. Compared to developed cities like Singapore, Kuala Lumpur, and Bangkok, these costs are still relatively low.

Currently, many companies are designing more flexible offices and are willing to invest in a work environment that reduces harmful gases and bacteria. These offices are equipped with all necessary facilities to ensure employees’ health, thereby improving their productivity and commitment to the company.

The trend of changing office design is not only happening among large corporations but also among small and medium-sized enterprises and even government agencies.

Businesses are investing not only in computer technology but also in touchless technology, ventilation and air conditioning systems, and smart cleaning processes to protect the health of both employees and customers.

Understanding the cost concerns of businesses, LaPerle offers various office renovation solutions that are cost-effective while still reflecting the unique character of each business.

To create a distinctive office, businesses must solve financial challenges, quantify space, and prepare suitable spatial designs. The costs for equipping offices may include ceiling-floor-wall furnishings, design consultation fees, construction, mechanical and electrical systems, information technology, audiovisual equipment, and other expenses.

The primary goal of deciding to renovate or enhance the design of an old office is to retain talent and attract “green” capital with a long-term vision. Many young workers are focusing on a “green” and more sustainable lifestyle, with factors that protect health and safety provided by the business.

Along with the trend of increasing the presence of Headquarters in major cities, LaPerle’s corporate fit-out services will quickly meet the vibrant design demands of 2023.

Source: CafeBiz

 

 

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