Office Space for Rent on Water Street, Hong Kong

Why rent an office on Water Street, Sai Ying Pun, Hong Kong?

Renting an office on Water Street in Sai Ying Pun, Hong Kong offers businesses exceptional value and strategic advantages in one of the city's most dynamic commercial districts. Water Street provides excellent connectivity with nearby MTR stations including Sai Ying Pun and HKU stations, making it easily accessible for employees and clients traveling from across Hong Kong Island and beyond. The area combines competitive rental rates compared to Central and Admiralty while maintaining proximity to Hong Kong's financial hub, allowing companies to reduce overhead costs without sacrificing business opportunities. Sai Ying Pun has transformed into a thriving business ecosystem with modern office buildings, co-working spaces, and flexible lease options suitable for startups, SMEs, and established corporations. The neighborhood offers abundant dining options, banking services, and retail amenities that support daily business operations, while the nearby University of Hong Kong provides access to talented graduates and research partnerships. Water Street's growing reputation as an emerging business district, combined with ongoing infrastructure developments and government initiatives supporting the area's commercial growth, makes it an ideal location for companies seeking affordable office space with strong growth potential in Hong Kong's competitive real estate market.

How much does it cost to rent an office on Water Street, Sai Ying Pun, Hong Kong?

Office rental costs on Water Street in Sai Ying Pun, Hong Kong typically range from HK$35 to HK$55 per square foot per month, depending on the building grade, floor level, and specific location along the street. For a standard 1,000 square foot office space, businesses can expect to pay between HK$35,000 to HK$55,000 monthly, while smaller serviced offices or co-working spaces may start from around HK$15,000 per month. Premium office buildings with harbor views or newly renovated spaces command higher rates, often reaching HK$60-70 per square foot, while older buildings or those on lower floors may offer more affordable options starting from HK$30 per square foot. Additional costs to consider when renting office space on Water Street include management fees, rates and government rent, utilities, and potential fit-out expenses, which can add approximately 15-25% to the base rental cost. The Sai Ying Pun area has become increasingly popular among startups and creative businesses due to its relatively lower rental costs compared to Central or Admiralty, while still maintaining excellent transport links via the MTR Island Line.

How accessible is Water Street, Sai Ying Pun, Hong Kong office space by public transportation?

Water Street in Sai Ying Pun offers excellent public transportation accessibility for office space tenants and visitors, making it one of Hong Kong's most well-connected business locations. The area is served by Sai Ying Pun MTR Station on the Island Line, providing direct connections to Central, Admiralty, and other major business districts within minutes. Multiple bus routes including 1, 5B, 10, 18, and 101 operate along Water Street and nearby Queen's Road West, offering comprehensive coverage across Hong Kong Island and connections to other districts. The location also benefits from easy access to minibus services and taxi stands, while the nearby Kennedy Town MTR Station provides additional transportation options. For professionals working in Water Street office spaces, the strategic position allows quick commutes to Central Financial District in under 10 minutes by MTR, making it an ideal choice for businesses seeking affordable office rental with premium connectivity. The area's proximity to the Western Harbour Crossing also facilitates access to Kowloon and the New Territories, while frequent tram services along Queen's Road West provide an additional economical transportation option for daily commuters.