Office Space for Rent on Possession Street, Hong Kong

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

Possession Street in Sheung Wan, Hong Kong offers an exceptional location for businesses seeking premium office space in one of the city's most prestigious commercial districts. Renting an office on Possession Street provides unparalleled access to Hong Kong's Central Business District, with the area serving as a major financial hub that houses numerous multinational corporations, banks, and professional services firms. The strategic location offers excellent connectivity through multiple MTR stations including Sheung Wan Station, providing seamless access to Hong Kong Island, Kowloon, and mainland China via the Airport Express and various subway lines. Possession Street office rentals benefit from the area's rich blend of traditional and modern business infrastructure, featuring restored heritage buildings alongside contemporary commercial towers that create an impressive corporate environment. The neighborhood's proximity to the Hong Kong-Macau Ferry Terminal and Central district makes it ideal for businesses requiring frequent travel or client meetings, while the abundance of high-end restaurants, cafes, and business facilities supports professional networking and client entertainment. Companies choosing Possession Street office space also gain access to Sheung Wan's thriving business ecosystem, which includes legal firms, financial institutions, and creative agencies, creating valuable opportunities for collaboration and business development in Hong Kong's competitive commercial landscape.

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

The cost to rent an office on Possession Street in Sheung Wan, Hong Kong typically ranges from HK$35 to HK$65 per square foot per month, depending on the specific building, floor level, and office condition. Possession Street office rental prices vary significantly based on factors such as building grade, with Grade A buildings commanding premium rates of HK$50-65 per square foot monthly, while Grade B and older buildings may offer more affordable options starting from HK$35-45 per square foot. Most Possession Street office spaces require a minimum lease term of two to three years, with tenants expected to pay a security deposit equivalent to three months rent plus the first month's rent in advance. Additional costs for Possession Street office rentals include management fees ranging from HK$8-15 per square foot monthly, government rates and utilities, which can add approximately 15-20% to the base rental cost. The prime Sheung Wan location of Possession Street, with its proximity to Central district and excellent transportation links via Sheung Wan MTR station, makes it a highly sought-after business address that influences the premium pricing structure for office rentals in this area.

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

Possession Street in Sheung Wan, Hong Kong offers exceptional accessibility for office space tenants through comprehensive public transportation networks. The area is served by Sheung Wan MTR Station, which connects to the Island Line and provides direct access to Central, Admiralty, and other key business districts within minutes. Multiple bus routes operate along and near Possession Street, including cross-harbor services to Kowloon and local routes connecting to various Hong Kong Island destinations. The nearby Central-Mid-Levels Escalator system provides convenient access to residential areas in Mid-Levels, while the Sheung Wan Ferry Pier offers traditional Star Ferry services and high-speed ferry connections to outlying islands and Tsim Sha Tsui. Taxi services are readily available throughout the district, and the area's proximity to the Airport Express Hong Kong Station via the free shuttle bus K2 makes international travel convenient for business travelers. The dense network of trams along Des Voeux Road Central, just steps away from Possession Street, provides an additional affordable transportation option connecting to Wan Chai, Causeway Bay, and other eastern districts, making office spaces on Possession Street highly accessible for employees and clients traveling from across Hong Kong.