Ngoc Ha Ward is a distinctive area in central Hanoi, combining green spaces, long-established streets, and convenient access to administrative, diplomatic, and cultural districts. It is a suitable destination for businesses that prioritise a reputable business address, a professional working environment, and a polished client-hosting experience.
Demand for office space for rent in Ngoc Ha Ward is concentrated among consulting, legal, international trade, technology, architecture, tourism, media, non-governmental organisations, and representative offices. Supply includes Grade A offices, traditional offices, serviced offices, and mid-sized spaces, flexibly meeting the needs of various business types.
Overview of the ward’s office market
The Ngoc Ha Ward office market benefits from its central Ba Dinh location, close to government agencies, embassies, hotels, restaurants, and business support services. Tenants often value workspaces here for their relatively quiet environment, abundant greenery, and quick connections to Hoan Kiem, Tay Ho, Dong Da, and Cau Giay.
The Kim Ma, Lieu Giai, and Doc Ngu corridors are prominent locations suited to different business models. Kim Ma offers many traditional office options and highly visible premises; Lieu Giai is home to Grade A developments with international standards; while Doc Ngu is suitable for tenants seeking private, serviced spaces that can be occupied quickly.
A point to consider is that supply in central areas often comes with higher requirements for budget, parking, and lease terms. Businesses should compare total operating costs, including rent, service charges, VAT, parking, after-hours air-conditioning, and reinstatement costs before making a decision.
History of the ward’s development
Ngoc Ha is associated with the long-standing cultural, landscape, and historical character of the Ba Dinh area. Urban development has created a blend of traditional residential neighbourhoods, government offices, public spaces, diplomatic services, and important commercial streets.
Ngoc Ha Ward currently operates under a new administrative unit following the 2025 reorganisation. When establishing a new business or relocating its registered address, tenants should verify how the address is presented on leases, signage, and business registration documents; Resolution No. 1656/NQ-UBTVQH15 on the Government Gazette Portal is an official source for information on Hanoi’s administrative-unit reorganisation.
Office rental rates in Ngoc Ha Ward
Rates for office space for rent in Ngoc Ha Ward, Hanoi depend on building standards, leased area, floor location, handover condition, lease term, and included amenities. The following are reference rates from the TektraHomes listings; actual rates and vacant areas should be reconfirmed at the time of consultation.
Segment | Reference area | Reference rent | Suitable for |
|---|---|---|---|
Serviced office | 12–18 m² | From VND 7.6 million/month | Small teams, startups, representative offices |
Grade D traditional office | 70–170 m² | From VND 12 million/month | Small and medium-sized businesses, service companies |
Grade C traditional office | Approximately 373 m² | From USD 24/m²/month | Companies requiring large floor areas in a central location |
Grade A office | 134–145 m² | From USD 35/m²/month | International businesses, financial firms, premium consultancies |
Hanoi Office 12-16 Doc Ngu currently offers options from 12–18 m², with rates from VND 7.6 million/month. 156 Kim Ma Building has recorded areas of 70–170 m², with rates from VND 12 million/month. For businesses requiring Grade A standards, Capital Place at 29 Lieu Giai offers areas of 134–145 m², with reference rates from USD 35/m²/month.
Recommended office rental areas in Ngoc Ha Ward
Kim Ma area
Kim Ma is suitable for businesses needing a central location, a visible frontage, and quick connections to Lieu Giai, Nguyen Thai Hoc, Giang Vo, and Dong Da. It is a practical choice for representative offices, consulting firms, trading companies, professional service businesses, and companies that regularly host clients.
Lieu Giai area
Lieu Giai is a notable choice for businesses that value international operating standards, proximity to the diplomatic district, and an ecosystem of hotels, restaurants, and serviced apartments. The area is suited to FDI enterprises, financial firms, law firms, management consultancies, technology companies, and international organisations.
Doc Ngu – Doi Can area
Doc Ngu and the surrounding Doi Can area are suitable for businesses seeking quiet, private workspaces near the administrative centre, with serviced office options available. This is worth considering for project teams, independent professionals, non-governmental organisations, law offices, and specialist consultancies.
Top office buildings for rent in the ward and comparison
Building | Location | Reference area | Reference rent | Key features |
|---|---|---|---|---|
29 Lieu Giai | 134–145 m² | From USD 35/m²/month | Grade A, international standards, suitable for premium businesses | |
519 Kim Ma | 373 m² | From USD 24/m²/month | Large floor area, central location, convenient connections | |
156 Kim Ma | 70–170 m² | From VND 12 million/month | Suitable for small and medium-sized businesses | |
12–16 Doc Ngu | 12–18 m² | From VND 7.6 million/month | Serviced office, available for quick occupancy |
Capital Place is suitable for businesses prioritising Grade A standards and an international brand image. VIT Tower is suited to tenants requiring large floor areas on the Kim Ma corridor. 156 Kim Ma Building is a balanced option for mid-sized businesses, while Hanoi Office on Doc Ngu is suited to small teams that need to get started quickly and do not want to invest heavily in initial fit-out.
Comparing offices in Ngoc Ha Ward with nearby wards
Area | Main advantage | Suitable for |
|---|---|---|
Near the administrative and diplomatic district, with many quiet spaces | International organisations, law firms, consultancies, representative offices | |
Grade A/B supply and many commercial developments | Financial firms, technology companies, businesses that host clients | |
Lakeside setting, international environment, open spaces | Creative businesses, international trade, premium services | |
Vibrant commercial activity and varied cost options | SMEs, service companies, businesses needing proximity to Dong Da |
Compared with Giang Vo, offices in Ngoc Ha Ward often offer advantages in terms of a quieter setting, privacy, and access to the administrative and diplomatic district. Compared with Tay Ho, Ngoc Ha is closer to the central core and is suited to businesses that frequently work with government bodies and inner-city partners. Meanwhile, O Cho Dua often offers more flexible budget options but has fewer advantages in terms of the diplomatic environment and landscape.
TektraHomes contact information and office quotations
TektraHomes supports businesses in finding office space in Ngoc Ha Ward based on budget, area, office type, client-hosting needs, headcount, and growth plans. Quotations, vacant areas, handover conditions, and operating costs will be updated before an on-site viewing is arranged.
Hotline and Zalo: 0879 83 3879
Quotation email: cskh@tektra.vn
