Lawyer Building withdraws core area and enters Wanchai Island East

The rent in the core area is high, and many law firms have moved out of the core area. For example, the recent market has recorded the rental of law firms in Wanchai and Hong Kong Island East Commercial Building.

Rent a full floor of Central Plaza, save 30%

According to the news, the full-floor office building in the middle of Wanchai Central Plaza, with an area of about 25,000 square feet, is leased at a price of about 70 yuan per square foot, which is at the market level. It is reported that the new tenant is the foreign law firm Maples and Calder. The law firm has been renting the middle and upper floors of the Central Centre. According to the current Central Central Government rent of about 100 yuan, the relocation can save at least 30% of the rent.

In the past, the majority of the law firms were concentrated in the core districts of Central and Admiralty. However, the rents in Central have risen to a record high, and many law firms have moved out of Central. For example, Reed Smith Richards Butler moved out of Central and leased a section of Taikoo Place in Quarry Bay. 40,000 square feet, and rent about 60 yuan. Another 1st to 9th floor, room 17 to 18, Wuzhong Building, Wan Chai, with a total floor area of 21,818 sq. ft., with a lease of about 50 yuan. The new tenant is Minter Ellison. The original rented office building in Pacific Place, the relocation of materials can save rent. Up to 67%.