Central A building is expected to be up by 7%
Chinese-funded institutions continued to hire Central A-Sha building from Central, and Knight Frank expects that the rent of Central A-B building will rise by about 7% this year.
Exchange Square full-foot rent 160
The monthly rent statistics of Knight Frank show that the rent of Hong Kong Island business district continued to rise in September. The rent of the highest quality A-rise hotel in Central rose 1.8% to reach 188.7 and another significant increase was in Sheung Wan District. The latest leasing price was 77.8 yuan per month About 2.9%. As regards the slight decrease in rentals in Kowloon, Cheung Sha Wan Shopping Center leased for about $ 30 per sq m, down 1.4% MoM, while East Kowloon also edged down about 0.1%. As for the rental of Central Commercial Building, it is mainly rented by Chinese-funded institutions. For example, the total floor area of Central Exchange Square is about 12,000 square feet and is leased at about 160 yuan per square foot. Since the floor area is very high, the rent Higher level. Newly rented Mainland company Ping An Bank, the group originally rented the same district Bank of America Center unit, the relocation can enhance the quality of office buildings.
Guojin a pre-owned Societe Generale 60,000 feet
The largest rental in the market in September was from 10 to 12 floors of Country Gold 1, each covering an area of about 20,000 square feet, with a total area of about 60,000 square feet and a lease price of about $ 150 per sq. Ft., Which is at the market level. The prime occupancy rate of office space has always been very high, so the rent level is close to 2. The new tenant is Industrial Bank (08337), a large mainland bank. The group also earlier leased office space in Hong Kong, including the existing full-scale 3 Garden Road at Central.
It is understood that the country gold a three-story floor was originally hired by the Hong Kong Stock Exchange (00388), and the relevant departments will be moved to the Exchange Square, so vacate the floor, and Industrial Bank has been hoping to expand, the big hand pre-rent 60,000 square feet Feet floor, can be expanded and upgraded office level. Apart from Chinese-funded institutions, foreign-funded institutions are also expanding in Central. Central Queen’s Road Central, 9 mid-level full-floor, an area of about 13,900 square feet, to about 80 yuan per square foot lease. The new tenant, FactSet, is a U.S. financial technology company that provides financial data for financial institutions. The agency originally rented the same district Lu Haitong building units, the relocation for expansion.
As regards East Kowloon rentals, the 31st floor of Landmark East 2, Kwun Tong, covers an area of about 20,000 square feet and is leased at about $ 30 per square foot. The new tenant is TESCO, which is the largest supermarket chain in the United Kingdom. With a total number of branches in Hong Kong, the Group originally rented the office building in Taikoo Place, Quarry Bay. The gross floor area was about 30,000 square feet and the lease price was about 45 RMB. And save money.
Knight Frank pointed out that due to strong demand, Central Commercial Premises rental vacancy rate is low, Central rent in the first three quarters of this year has risen 3.6%, the bank expected full-year rents rose about 7%. As for Kowloon East, a large number of large-scale commercial tenancies are expected to be short-term, while the rent for the whole year has dropped by about 10%.