A guide to office space in Hong Kong

Hong Kong is a self-governed region on the south coast of China, and one of the most densely populated areas in the world.

The city is also one of the globe’s leading financial hubs, characterized by a capitalist service economy, low tax rates and free trade.

Hong Kong also has one of the highest concentrations of corporate headquarters in the Asia-Pacific region.

The location

Hong Kong has three main areas: Hong Kong Island, Kowloon, and the New Territories. Hong Kong Island and Kowloon are the most popular areas for business, while New Territories is essentially more industrial.

The main business districts in Hong Kong Island are Sheung Wan, Central, Admiralty, Wan Chai, Causeway Bay and Quarry Bay, while in Kowloon, business is concentrated in Tsim Sha Tsui, Mong Kok and Kwun Tong.

Neighbouring areas - price comparisons, per person per month

The prices given below are the minimum to maximum average cost for serviced offices, per person per month, derived from our Sales Team's knowledge.
Area Indicative price range
Hong Kong HKD3,500 – 15,000
Singapore HKD3,400 – 8,500
Kuala Lumpur HKD1,200 – 3,000
Jakarta HKD2,300 – 3,900


Victoria Harbour, Hong Kong

Looking for an office in Hong Kong

Hong Kong has been always been one of the most popular executive suite markets in Asia. 

The market continues to grow, with a number of new office providers and an increase in the availability of coworking spaces. 

Top priorities for businesses looking to move into Hong Kong include the rental rates, transport links and the location.

Betty Chen, Instant Offices' specialist local consultant for the Hong Kong region recommends the Central, Wan Chai or Tsim Sha Tsim for their central location in prominent business districts, good transport links and surrounding amenities.

Costs

The price for executive suite space varies a lot, depending on the location and additional requirements. 

Central district is the most high-end rental: an office with two or three workstations costs approximately HKD20,000 – 35,000, while four to five workstations are priced from HKD50,000 upwards. 

The average cost across the rest of Hong Kong for two to three workstations is around HKD15,000 and for four to five workstations, ranges from HKD20,000 – 30,000.

These costs also cover amenities, which may include internet, meeting rooms, kitchen facilities, reception services, AV equipment and parking.

Office sizes

The average size of executive suite space in Hong Kong is two to five workstations due to a lot of international companies testing the local waters before they commit to a larger move. 

However, Instant Offices can also provide entire suites to clients looking to establish themselves in Hong Kong.

We offer a great variety of office sizes, and are able to accommodate most inquiries, from one person through to 100 or more, depending on the specifics. 

Executive suite providers can be flexible with the layout of the workspace, and are happy to discuss partitioning to fit a particular requirement.

Why choose Hong Kong?

Hong Kong is a free trading zone and one of the leading international finance centers. 

There is also less regulation when it comes to setting up a business in Hong Kong, compared to other parts of Asia. 

With a strong currency, economic freedom and a competitive market, Hong Kong is an ideal location for businesses wishing to establish themselves in the Asia-Pacific region.

Five things you probably didn't know about Hong Kong:

  • The services industry in Hong Kong accounts for over 90% of its GDP
  • Hong Kong has more skyscrapers than any other city in the world
  • It has been reported that Hong Kong has the highest average IQ in the world at 107
  • The world’s largest fleet of double-deck tramcars can be found in Hong Kong and carry and transport an average of 230,000 passengers every day; almost 1 in 30 of the population
  • Along with Monaco, Hong Kong remains the most expensive place in the world to buy residential property
Hong Kong

A closer look at Hong Kong

These are the most popular areas in which to rent office space:

Central

The Central area, located on the north shore of Hong Kong Island, is populated mainly by businesses in the banking and financial industries, but is also home to firms from other service areas, like consulting

There are a number of consulates and government buildings in the area, while Central is the most expensive area in Hong Kong in which to rent

However, it is also the most prominent business hub in the city, with excellent transport links and amenities

Wan Chai

  • Wan Chai is a busy commercial area suited to small to medium businesses from all industries looking for a low to median range rental within the CBD
  • It's well served by transport links, and contains a number of parks, office towers, and hotels, as well as the Hong Kong Convention and Exhibition Center

Causeway Bay

  • Causeway Bay is a major Hong Kong shopping district
  • Heavily developed, it's also a lively entertainment and commercial area, and an attractive option for businesses from a number of industries, including retail, hospitality, entertainment, and tourism
  • Causeway Bay is home to many landmark offices, hotels and restaurants, and boasts Hong Kong's largest concentration of department stores
  • It is also the site of some of the city's premier sporting grounds, with the Happy Valley Race Course, HK Football Stadium ,and Victoria Park all minutes away

Quarry Bay

  • Quarry Bay, traditionally an industrial and residential area, has now become more commercially orientated
  • A number of businesses with a particular focus on IT, telecoms and media are based here
  • Quarry Bay is well served by the Metro, buses and trams
  • The entrance to the Eastern Harbour Crossing Tunnel, the second busiest cross-harbour tunnel in Hong Kong, is only a short distance away, and allows workers to cross to Kowloon, avoiding the traffic in Central

Tsim Sha Tsui

  • Tsim Sha Tsui is a major tourist hub, and as such there are a number of tourism-based businesses in the area
  • Nestled in the heart of Kowloon, Tsim Sha Tsui is also a major area for business and commerce in mainland China — ideal for any businesses who are trying to enter the Chinese market
  • In this commercial district, most offices enjoy panoramic harbor views and/or city views
  • There are excellent transport links serving Tsim Sha Tsui, including ferries, buses, the Metro, and mainline trains

Want to find out more?

If you’re looking to move into the area, or simply require more information, contact Instant Offices’ specialist local consultants.

Email our team or call us and we'll be delighted to help you.

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