Welcome to Hong Kong Office Rental, the definitive guide to finding serviced office space to rent or lease in Hong Kong.
Anyone who is business minded will recognise the importance of business image and profile. This is determined by a range of components: company ethos, taglines, staff attitude and efficiency and that of the business as a whole. Another major factor is the physical ‘body’ that is presented to clients - in other words, the business location and premises. Getting everything else right whilst renting serviced office space in the wrong property or location can be catastrophic for your business, and the deciding factor between having a business which flourishes or one that stagnates. This is never more important than when renting office space in a high-profile location, such as Hong Kong.
Hong Kong - The trade and finance powerhouse of Asia
Hong Kong is one of the world’s leading cities for business and free enterprise and is often named as ‘the world’s freest economy’, drawing investors from all over the world. Hong Kong has demonstrated resilience within its economy, having had an average annual GDP growth rate of 5.44% from 1974–2014, despite being affected by two financial crises in the last ten years. Hong Kong has many factors in its favour: low levels of corporate and income tax; zero tax on capital gains, dividends and turnover; excellent judicial system; low levels of crime and corruption and exceptional transport infrastructure (with Hong Kong Airport often ranked number one in the world). In addition, the government has adopted a laissez-faire attitude towards foreign investment; this has led to high demand from foreign businesses and entrepreneurs wishing to set up an office in Hong Kong. There are also a number of schemes in place which help businesses to expand their market and increase efficiency.
Hong Kong is geographically central within Asia and, as such, is at the heart of the region’s business market. From Hong Kong all of the region’s key markets can be accessed, by air, within four hours and a five hour flight provides access to half of the world’s population - another powerful reason why the serviced office market in Hong Kong is one of the most lucrative and dynamic in the world.
Above all, the key factor in Hong Kong’s recent success is its proximity to the vast Chinese market (population circa 1.4 billion). The city offers unparalleled access to trade with China, since the introduction of the Closer Economic Partner Arrangement (CEPA) in 2004. This has driven large numbers of companies to Hong Kong’s shores – all keen to capitalise on trade with the world’s fastest growing economy. A recent report by the South China Post cited Chinese firms as the main drivers of the Hong Kong office market, a role traditionally played by western financial firms and international banks.
Location is key
Hong Kong sits on the south eastern tip of China – with the New Territories and Kowloon adjoining mainland China and Hong Kong Island just a short stretch across Victoria Harbour. The main centres for business reside on the island – with the exception of Tsim Sha Tsui, situated on the southern tip of Kowloon.
Having made the decision to acquire a new office in Hong Kong, it is crucial to the success of your business that you do your research and choose your office location and property wisely. With rental prices at a premium here, mistakes can be costly. Conversely, a good business decision could catapult your business onto the global market.
Hong Kong contains a series of districts which favour specific types of business. For example, go too far outside of Central (by only a few hundred meters) and you will find yourself outside of the financial district and within neighbouring Sheung Wan – a traditional district that specialises in Chinese medicines and herbs, cafés, teashops and handicrafts. A far cry from the global financial institutions, housed within skyscrapers, and luxury hotels just a few streets away.
The next step...
Establishing a new office space can be daunting, especially when faced with the number of choices that a city like Hong Kong has to offer. Whether you are looking for a long or short term contract in a large or small office, Hong Kong Office Rental will provide all the information you require to help you choose which area of the city is best suited to your needs and the type of office space that is appropriate for your business. This site looks at some of the main factors to take into consideration when looking for a new office in Hong Kong and provides a powerful search utility to help you select the district and office that best fit your needs.
