Office Space for Rent on New Market Street, Hong Kong

Why rent an office on New Market Street, Sheung Wan, Hong Kong?

New Market Street in Sheung Wan offers an exceptional office rental location that combines Hong Kong's rich heritage with modern business advantages. This prestigious address provides businesses with excellent connectivity to Central's financial district while maintaining lower rental costs compared to premium Grade A buildings in Central or Admiralty. Companies choosing to rent office space on New Market Street benefit from proximity to the Mid-Levels escalator system, extensive public transportation networks including Sheung Wan MTR station, and a vibrant mix of traditional markets, contemporary restaurants, and cultural attractions. The area attracts both local and international businesses seeking flexible office solutions, serviced offices, and co-working spaces, making it an ideal location for startups, SMEs, and established companies looking to establish or expand their Hong Kong presence. With its blend of old and new Hong Kong character, excellent infrastructure, and competitive rental rates, New Market Street Sheung Wan represents an attractive alternative to more expensive commercial districts while still providing the prestige and accessibility essential for business success in Hong Kong's competitive market.

How much does it cost to rent an office on New Market Street, Sheung Wan, Hong Kong?

The cost to rent an office on New Market Street in Sheung Wan, Hong Kong varies significantly depending on the size, floor level, building quality, and specific location along the street. Monthly rental rates for office space on New Market Street typically range from HK$25 to HK$45 per square foot, making a small 500 square foot office space cost approximately HK$12,500 to HK$22,500 per month, while larger 2,000 square foot offices can range from HK$50,000 to HK$90,000 monthly. Sheung Wan office rental prices on New Market Street are generally more affordable compared to premium Central district locations, yet still command competitive rates due to the area's excellent connectivity to Central via MTR, proximity to major banks and financial institutions, and the street's mix of traditional and modern commercial buildings. Additional costs for New Market Street office rentals typically include management fees of 10-15% of the base rent, utility deposits, and potential renovation expenses, with most landlords requiring a three-month security deposit and first month's rent in advance for Sheung Wan commercial properties.

How accessible is New Market Street, Sheung Wan, Hong Kong office space by public transportation?

New Market Street in Sheung Wan, Hong Kong offers exceptional accessibility by public transportation, making it one of the most well-connected office locations in the city. The area is served by Sheung Wan MTR Station on the Island Line, providing direct connections to Central, Admiralty, and other major business districts within minutes. Multiple bus routes operate along nearby Des Voeux Road Central and Connaught Road Central, offering comprehensive coverage across Hong Kong Island and cross-harbor services to Kowloon and the New Territories. The Star Ferry Pier at Sheung Wan provides scenic ferry connections to Tsim Sha Tsui, while the nearby Hong Kong-Macau Ferry Terminal offers international ferry services. Tram services run along Des Voeux Road Central, providing an affordable east-west transportation option across Hong Kong Island. The Central-Mid-Levels escalator system is also within walking distance, connecting to the Mid-Levels residential area. With taxi stands readily available and the area's proximity to major transportation hubs, New Market Street office space ensures employees and clients can easily access the location using various public transportation options, making it an ideal choice for businesses seeking excellent connectivity in Hong Kong's financial district.