Hong Kong Leasing Market
Hong Kong is a dynamic city which provides great investment opportunities. Over the years, Hong Kong leasing and selling market flourish, thanks to limited supply of lands and office space and constant demand by users. Rental in some core commercial areas like Central, Admiralty, and Tsim Sha Tsui etc has recorded continuous increase. Investors and owners have enjoyed satisfactory rates of return.
The emergence of CBD2, Kowloon East, has catered a ideal environment and sufficient supply of office space options for relocations. It has attracted global conglomerates such as banks, insurance companies and enterprises to take up hugh office space in the areas. It follows with numerous new development projects in the area which attract more enterprises to relocate their office.
There are different types of buildings, each of them offer different usages for users. The usages include but not limited to office, shops, and industrial etc. No matter what the building types are, the new developments (new commercial buildings) have raised the bar of grade A quality buildings definition. The buildings are well equipped with raised floor, metallic ceilings, curtain wall systems, high ceiling and grand lobby etc. They are well managed by property management team, with 24 hours access security. There are also office supply from the revitalised usage buildings. Those buildings were industrial usage and were revitalised to office or commercial usage by modifying the building specifications instead of reconstruction.
Hong Kong leasing and selling market is fast-changing. Apart from the traditional offices supply, there are choices like business centres and co-working spaces. It provides flexibility of office size, lease terms, and location choices for tenants and enables more business opportunities for new setups and entrepreneurs.