topics for discussion - cbre vietnam · 2 topics for discussion •evolution of the modern...

2

TOPICS FOR DISCUSSION

• Evolution of the modern workplace

• Trends and drivers

• Consulting global survey results

• How this will impact your office

• Implications for your building and fit out

• Vietnam Office Market Overview & Outlook

• Implications for the building

• I Tower

• The choice for today’s office tenant

4

The World is Changing.

CBRE | Workplace Strategy 4

5

EVOLUTION OF THE MODERN WORKPLACE

6


WORKPLACE EVOLUTION

CONVENTIONAL MORE OPEN ACTIVITY

BASED

WORKPLACE EVOLUTION

7


CONVENTIONAL

8


MORE OPEN

9


WORKPLACE EVOLUTION

ACTIVITY

BASED

10


EVOLUTION Maximize the opportunities for

INFORMATION EXCHANGE

11


WORKPLACE EVOLUTION

FROM PRESENCE TO PERFORMANCE

55% of

working time 45% of working time

PEOPLE PEOPLE

SPACE TECHNOLOGY

TECHNOLOGY

12


CASE STUDY - CBRE OFFICE RESULTS

92% less storage

90% less printing

40% more staff in same space

100% staff have laptops

3x number of meeting spaces

4x increase in technology per person

in Hong Kong & Japan

13


CASE STUDY - CBRE OFFICES RESULTS

in Hong Kong & Japan

Attract high quality talent

Retain talent

Improve satisfaction & performance

Increase collaboration, innovation, agility, speed

Improve brand awareness and reputation

Lower operating costs: rent, energy, technology

14


Organizations do not care how or

where people work as long as they

deliver RESULTS and

PERFORMANCE !

CONCLUSION

15

Criteria

Location

Nearby amenities

Iconic Design and structure

Views

Quality finishes

Dual Power supply

Floor plate efficiency

Sustainability

Full height glass ( access to

natural light)

Building security

Raised floor

CASE STUDY DISCUSSION

President Place

Ho Chi Minh City

Cheung Kong Center

Hong Kong

17

ITS NOT ALL ABOUT THE DESK

17

Desk + storage + Formal Collaboration + Informal Collaboration

COLLABORATE AND CONNECT

FORMAL SETTING INFORMAL SETTING We see rapidly changing

expectations in regard to how,

when and where work

happens

* CBRE 360 WPS collateral

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CONVENTIONAL MORE OPEN ACTIVITY BASED

• Traditional office layout

• Everyone has an assigned desk

• OUR PAST

• Offices on the interior

• More open / collaborative space

• WHERE WE ARE CURRENTLY

• Various settings for various work

• People share spaces

• A vision of the future…

CBRE | Workplace Strategy 18

SPACES ARE CHANGING

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THE WORK EXPERIENCE

… its more than just a physical solution

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The result : improving our efficiency

Reduction in overall space

Right size in the right location

Greater variety of spaces types to work in

More collaborative space

More AV / telepresence

Less on site storage

… and managing our costs

21


Collaborative Space

Brand and identity

22


Flexible Meeting Space

RESULTS

47% reduction in space

Similar saving in energy

Improvement in Staff

Satisfaction and

Productivity

Reputation enhancement

23


COMING SOON

24

“Some people think design means

how it looks. But of course, if you

dig deeper, it’s really how it works”

Steve Jobs

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0% 10% 20% 30% 40% 50%

Vacancy Rate/Asking Rent

OFFICE - HCMC

AVERAGE ASKING RENT

(US$/sm/month)

VACANCY RATE

(%)

2014 Q2

Q1

2013

Q4

Q3

Q2

Q1

2012

Q4

Q3

Q2

Q1

2011

Q4

Q3

Q2

Q1

2014 Q2

Q1

2013

Q4

Q3

Q2

Q1

2012

Q4

Q3

Q2

Q1

2011

Q4

Q3

Q2

Q1

GRADE B GRADE A GRADE B GRADE A

0% 10% 20% 30% 40% 50% 50% 40% 30% 30% 10% 0% $35 $30 $25 $20 $15 $10 $5 $0 $0 $5 $10 $15 $20 $25 $30 $35

27

Within APAC market

OFFICE

Y-o-Y CHANGE IN PRIME RENT

THE AMERICAS ASIA PACIFIC EMEA

+3.3% +2.9% -0.1% TOP 5 GROWTH MARKETS

19.40%

12.50%11.00%

10.30% 10.20%

Seattle Subburban

San Francisco

Downtown

San Francisco

Peninsula

Houston Suburban

Houston Downtown

15.80%

13.50%

7.70% 7.30%

5.70%

Dublin LondonWest End

Lille Gothenburg Rotterdam

60.10%

16.70%

13.40%

9.30%7.90%

Jarkarta* Kuala Lumpur

Seoul Yeouido

Manila Ho Chi Minh City

Prime rent definition: average asking rent at top three office buildings in the market.

EMEA: Europe, Middle East and Africa

*Leases in Jakarta are typically written in U.S. dollars, but paid in rupiah, which means the occupancy cost increase is greatly

affected by currency depreciation in Indonesia.

Source: CBRE Global, Q1 2014

28

0

20,000

40,000

60,000

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2011 2012 2013 2014

NL

A (

sm

)

Grade A Grade B

Net Absorption

OFFICE

Net absorption per quarter

3-year average

Very restricted new

supply completed in HCMC

Limited leasing

options for existing

tenants

Grade A & B net absorption, Q2 2014

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Tenant categories

OFFICE

Number is calculated based on CBRE’s enquiries only

New letting: New business start-up, newly opened offices/branches

By number of deals By deal size (sm)

0%

25%

50%

75%

100%

2012 2013 1H 2014

Other Pharmaceutical

Technology/Electronic Finance/consultancy

Legal

0%

25%

50%

75%

100%

2012 2013 1H 2014

Other Pharmaceutical

Technology/Electronic Finance/consultancy

Legal

0%

25%

50%

75%

100%

2012 2013 1H 2014

New letting Expansion Relocation Renewal

0%

25%

50%

75%

100%

2012 2013 1H 2014

New letting Expansion Relocation Renewal

30

Tenant nationality by deal size and source

OFFICE

Ho Chi Minh

City

Hanoi

The Americas

EMEA

Asia Pacific

29.6%

21.0%

36.6%

31

Floor available for sale/long term lease

OFFICE

Address: 561A Dien Bien Phu St, Ward 25, Binh Thanh Dist.

GFA: 37,434 sm

Typical floor plate: 1,592 sm

Expected completion date: Q1 2015

Asking Price: 1,500 US$/sm/term

Term: until 2058

Sub-lease right: yes SSG TOWER

SAIGON ARIPORT PLAZA

Address: 1 Bach Dang, Ward 2, Tan Binh District.

GFA: 18,820 sm

Typical floor plate: 722 sm

Completion: Q2 2013

Average asking Price: 1,750 US$/sm/term

Term: until 2059

Sub-lease right: yes

PRINCE RESIDENCE

Address: 17-21 Nguyen Van Troi, Ward 12, Phu Nhuan Dist.

GFA: 5,543 sm

Typical floor plate: 1,660 sm

Expected completion date: Q3 2015

Average asking Price: 2,650 US$/sm/term

Term: until 2064

Sub-lease right: yes

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Future supply

OFFICE

SSG TOWER

561A Dien Bien Phu St, Ward 25,

Binh Thanh.

GFA: 37,434 sm

Estimated completion: Q3/2015

VIETCOMBANK TOWER

5 Melinh Square, D1

GFA: 77,000 sm

Expected completion: Q4/2014

VIETTEL OFFICE & TRADE

CENTER

285 Cach Mang Thang Tam, D10

GFA: 65,971 sm

Estimated completion: Q1/2015

LIM TOWER 2

158 Vo Van Tan, D3

GFA: 20,467 sm

Estimated completion:

Q1/2015

33

Outlook

OFFICE

Average rent will keep improving slightly

The vacancy rate will fluctuate (slightly) as new supply

comes to the market but still on an overall downward trend

Limited new supply will come from large scale, mixed use projects and from

those projects developed partly for owner- occupation

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ITOWER OVERVIEW

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Asking Price: $19.00 p/sqm Net + $5.00 p/sqm Service Charge + VAT

Completion: Available NOW – from Q3 2014

Typical Floor Plate: 391 sqm Net

Total Office Floors: 11 Floors

A/C System: Centralised AC type VRV/VRF

Lifts: 3 highspeed Schindler lifts

Back Up Power: 100%

Parking 2 basements for car and motorbike parking

Availability Office area: from 2nd floor to 7th floor (8/9/10/F leased)

11/F restaurant

Internal Amenities Bank

Coffee Shop

Restaurant

KEY FEATURES

ITOWER

37

ITOWER - LOBBY

• To move between

headings and bullet

levels, use the

‘Indent List Level’

buttons found on the

‘Home’ tab

NOT the bullet button

38

ITOWER - LIFTS

Heading

Level 1 text

• Level 2 text

– Level 3 text

• Level 4 text

39

PORT Schindler’s 3rd

generation of Destination Control

since 2009

PORT Schindler’s 3rd

generation of Destination Control

since 2009

ITOWER - LIFTS

http://www.schindlerid.com/PORT/home.html

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ITOWER - EQUIPMENT

* Transformer station

equipment LS- Korea * Electric devices: SCHNEIDER

* Generator - MTU * Fire alarm – HOCHIKI - USA

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* Lighting:

SJLITE -MAILAYSIA

•Air condition system:

MITSUBISHI HEAVY INDUSTRIES

WASTE TREATMENT SYSTEM

BƠM TSURUMI

* Hygine devices -TOTO

ITOWER - EQUIPMENT

42

ITOWER VIEW

THANK YOU

© 2014 CBRE (Vietnam) Co., Ltd. This report has been prepared in good faith and with due care by CBRE (Vietnam) Co., Ltd. We obtained some of the information above from sources we believe to be reliable. However, we have not verified the accuracy of the information which we obtained from other sources and make no guarantee, warranty or representation about it. We include projections, opinions, assumptions or estimates which are made with careful consideration of factors known to us for example only, and they may not represent current or future performance of the market. This information is designed exclusively for use by CBRE clients, and cannot be reproduced without prior written permission of CBRE.

For enquiry, please call +84 936 299 899

topics for discussion - cbre vietnam · 2 topics for discussion •evolution of the modern...

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