Hong Kong has been always been one of the most popular serviced office 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.
The price for serviced office 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 for two to three workstations for the rest of Hong Kong 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.
The average size requirement for serviced office space in Hong Kong is two to five workstations.
This is largely down to companies wanting to test the waters before they make a larger move into the area.
However, Instant Offices can 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 enquiries, from one person through to 100 or more, depending on the specifics.
Serviced office 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 centres.
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