![]() We have a diverse range of workspaces on hand so that you can take the time needed to sift through and pick the one that meets your needs to a tee. With an expansive selection of coworking spaces and rental offices in Kowloon, you are just one click away from finding your dream office space. The shopping, arts and entertainment epicentre of Hong Kong, everything businesses could possibly require can be found in this burgeoning area of Hong Kong. With companies constantly looking to scale up and move into new premises that coincide with their ever-changing requirements, we are at the forefront of providing the very best coworking spaces, serviced offices and virtual offices available for rent in the flourishing district of Kowloon. Some locations of serviced offices in Hong Kong include Grand Century Place, Mira Place, Sun House, Grand Millennium Plaza and more.Changing times evoke seismic shifts in the needs of businesses across all industries. You also get in-house services including office reception, telephone and mail handling. The best part is that the fixed monthly price already includes variable costs such as utility and furniture.Ī serviced office is a type of office space that is furnished, private and IT-equipped, with private office spaces and shared facilities such as conference rooms and meeting rooms. If high rental costs are an issue to you, we have some alternatives you could consider.Ĭo-working spaces offer flexible agreements with fixed rates, and offer both shared and private spaces. As an estimate, renting a tiny office in Central Hong Kong that fits about two to three staff could cost around HKD $22,500 a month. How Much Are You Willing To Pay for Rent?Īs you know, renting an office in Hong Kong is not cheap due to the space constraints. Always make sure your business is compliant with the local laws in cases of dispute. Depending on your business type, you may require certain government licenses, permits or approvals. Are you responsible for repair and maintenance responsibilities?Įvery business in Hong Kong requires a license.Are you able to terminate your lease early and what are the circumstances?.Are there options to renew the lease and how do you go about renewing?.Is there a clause to determine any revisions in rent price?.Is the lease term long enough for you to recover your initial investment costs?.Do you have the right to sublet the premises?.Can you access shared facilities within the building or floor?.Are there any restrictions on the use or alteration of the office premises?.Is the rent inclusive or exclusive of air-conditioning and management charges?.Is the rent fixed or based on a percentage of sales?.In your tenancy agreement, it should include the following: Remember, it should always state the rights and obligations of both parties for the length of the entire lease term. ![]() The tenancy agreement is a legally binding contract between you (the tenant) and your landlord. In order to confirm your lease in Hong Kong, you will be required to sign a tenancy agreement. What Paperwork Would You Need To Prepare? Here is the list of rental prices of the seven most popular districts for grade A office spaces in Hong Kong in Q1 2021. According to Statista in the year 2021, the average rent in Hong Kong Dollars per square meter per month for Q1 2021 ranges from HKD $347 to $1087. Rental prices in Hong Kong are calculated by per square meter per month, which also means your monthly rent is dependent on how big your office space is. Average rent for office spaces by district ![]() Nonetheless, renting an office space will surely eat into your monthly expenses, and you must be prepared to set aside a bulk of your capital into paying for rent and other miscellaneous expenses that comes with moving into a new office. Of course, it’ll look better on your professional image to have an office to accommodate potential clients, instead of serving them in your living room. These include conducting meetings, having clients over, or simply to network. Whether you are a Hong Kong based startup looking to shift from a home-based environment or a SME hoping to expand into Hong Kong, you will eventually need a space to fulfil everyday business needs. How High Are Rental Costs of Office Spaces in Hong Kong?
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