The Yangtze River Center rents 225. The world is not afraid of market fluctuations.
Even if the external fluctuations, individual financial institutions are still actively renting office buildings, so that the rent of Central A-street has reached a peak. According to the news, foreign-funded institutions originally pre-leased half of the floor of the Central Yangtze River, and recently decided to increase to the full-floor, with a rent of 225 yuan, which is the highest ever in Central and more expensive.
The Central Yangtze River Center just recorded a rental transaction. The US-based organization, bitMEX, pre-leased the upper half of the Yangtze River Center, with an area of about 10,000 square feet and a rent of more than 205 yuan. It was already the highest rent in the Yangtze River.
According to sources, the relevant agencies believe that there is still room for expansion in the business, and the owners can arrange for more buildings. The final pre-rental property is on the 45th floor, about 20,000 square feet, and the rent is high at 225 yuan, which not only breaks the record of the building, but also Breaking the Central Index, the commercial building Guojin 2, 2011 210 yuan record, has become the most expensive rental unit in Central.
Central rent for 3 consecutive years worldwide crown
In fact, according to CB Richard Ellis’s “Global Major Office Rental Costs” report in June, the rental cost per square foot of the commercial buildings in Central in the first quarter was RMB 199 (rental costs include rent, tax and service fees, etc.) for three consecutive years worldwide. The most expensive, 30% higher than the second British London.
The new tenant financial technology company bitMEX is a trading platform and the largest bitcoin exchange. In fact, last month, the renting market of the Qaxia rental market also recorded many cases of renting of financial technology companies. Among them, Block One leased 16,600 square feet of Central Plaza in Central.
In addition, some Chinese-funded institutions still have expansion actions. According to the news, the half-floor floor of the 29th floor of AIA Central, which is also the headquarters of Super Jiaxia, covers an area of about 6,000 square feet. It was leased by the large-scale financial institution of China, Everbright Group, and the rent was as high as 180 yuan. The group has been using the Central Business Building, including AIA Central, Admiralty Far East Financial Center, etc. The latest data from Jones Lang LaSalle shows that the overall vacancy rate of Hong Kong’s Jiasha is about 4.2%, while the lowest vacant area in Hong Kong is Central, only 1.6%. There are very few rental units.
In fact, even with the recent unfavourable factors such as fluctuations in global market conditions and Sino-US trade wars, the commercial rental market in Hong Kong has not been affected for the time being. There is no contraction or slowdown in the expansion stage at this stage. Mr. Xiao Lianghui, Managing Director of DTZ, Hong Kong pointed out that with the small number of commercial buildings available for rent, there have been some cases, and some units have won 5 to 6 institutional competitions when they launched the rent.