Office Space for Rent on Oil Street, Hong Kong

Why rent an office on Oil Street, North Point, Hong Kong?

Renting an office on Oil Street in North Point, Hong Kong offers businesses exceptional value and strategic advantages in one of the city's most dynamic commercial districts. Located in the heart of North Point, Oil Street provides excellent connectivity with multiple MTR stations nearby, including North Point and Quarry Bay stations, ensuring easy access for employees and clients throughout Hong Kong Island. The area boasts a perfect blend of affordable office rental rates compared to Central or Admiralty, while still maintaining proximity to major business hubs and financial centers. Oil Street offices benefit from the vibrant local ecosystem with numerous restaurants, cafes, banks, and business services within walking distance, creating an ideal work environment for companies of all sizes. The district's ongoing urban development and government initiatives have transformed North Point into a thriving business destination, attracting both local startups and international corporations seeking cost-effective office solutions. Additionally, Oil Street's location offers stunning harbor views from many buildings, modern office facilities, flexible lease terms, and strong transportation links to Mainland China via nearby border crossings, making it an increasingly popular choice for businesses looking to establish or expand their Hong Kong presence while maintaining operational efficiency and controlling overhead costs.

How much does it cost to rent an office on Oil Street, North Point, Hong Kong?

The cost to rent an office on Oil Street in North Point, Hong Kong typically ranges from HKD 25 to HKD 45 per square foot per month, depending on the specific building, floor level, and office condition. Prime commercial buildings along Oil Street generally command higher rental rates, with modern Grade A office spaces averaging HKD 35-45 per square foot monthly, while older buildings or lower floors may offer more affordable options starting from HKD 25-30 per square foot. Additional costs for Oil Street office rentals include government rates and management fees, which typically add 15-20% to the base rent, plus security deposits equivalent to 2-3 months rent and stamp duty fees. The total monthly cost for a typical 1,000 square foot office space on Oil Street would range from approximately HKD 29,000 to HKD 54,000 including all fees and charges. North Point office rental prices on Oil Street have remained relatively stable compared to Central and Admiralty districts, making it an attractive location for businesses seeking quality office space with good transportation links at competitive rates in Hong Kong.

How accessible is Oil Street, North Point, Hong Kong office space by public transportation?

Oil Street in North Point, Hong Kong offers excellent accessibility by public transportation, making it a highly desirable location for office space. The area is served by North Point MTR Station on the Island Line and Tseung Kwan O Line, providing direct connections to Central, Admiralty, Causeway Bay, and other major business districts across Hong Kong Island, Kowloon, and the New Territories. Multiple bus routes operate along King's Road and nearby streets, offering comprehensive coverage to all parts of Hong Kong, while the North Point Ferry Pier provides scenic cross-harbor ferry services to Tsim Sha Tsui and Hung Hom. Trams running along King's Road offer an affordable east-west transportation option across Hong Kong Island, and the area's well-developed road network ensures easy access for taxis and private vehicles. The strategic location near the Eastern Corridor and Island Eastern Corridor also facilitates quick connections to Hong Kong International Airport and other key destinations. This exceptional public transportation connectivity makes Oil Street office space highly attractive to businesses seeking convenient access for employees, clients, and partners throughout the Hong Kong metropolitan area.