Office Space Availability Prices In Hong Kong

01 Feb 2013

When the goal is not kicked in, just change the goalpost for your convenience. The island state has found a similar goal to escape the dubious distinction of proving the most expensive office space in the world. The city is encouraging commercial centres to move away from the busy central business district for finding cheaper office space. Hong Kong had been proving more expensive than London, whose colony it was till 10 years ago, and to beat the charge it thought up the brilliant idea.

The rising office rents and weakening of the Chinese economy were discouraging overseas businessmen from doing business in the island state. Now they are too happy with the shift to Hysan Place where they could do business. Kowloon is now emerging the central business district in the islands.

The city fathers, however, blame the foreign businessmen for the accommodation mess, saying they gravitate towards international schools and embassies. They however overlook the fact that the businessmen would rather be in the thick of things than away because speeding up things is essential part of trade.

However, Hong Kong’s case is unenviable. On the one hand, housing prices are shooting up and, on the other, Mainland China businesses are looking for a window to the world in the Special Administrative Region with western mores.