Hong Kong: Central

Overview

Central is the central business district in Hong Kong. It is located in the Central and Western district, on the northshore of Hong Kong Island. It is the heart of Hong Kong and one of the earliest areas to be developed.

Facts and figures

Population	243,000~
Total office stock in sq m / sq f	15,455,346 sq f (2019)
Total retail stock in sq m / sq f	1,010,000 sq m (2017)
Total industrial stock in sq m / sq f	n/a

Economy

Central is Hong Kong’s business and economic center with top boutique stores and large malls. Since the early days, the vitality and accessibility of Central has always appealed to foreign traders and professionals. The city has become a hub of world class service providers and a coordinator of global economic activities such as financing, consulting, accounting and law.

Growth

Due to the open economic policy exercised by the former British colonial government, many foreign investments were attracted to Hong Kong. Now, Central is regarded as a famous entrepot of the world with a large number of office towers.

Unique aspects

According to a study done by CBRE, a commercial property expert, Hong Kong’s central district, Central, had the costliest office rent in the world in 2019. Both Kowloon and Central are more expensive than prime midtown Manhattan in New York. Central is more than just a hub of commerce and finance - it is a melting pot of global cultures where different cuisines, international brands and 5 star hotels can be found. All of these things makes the Central a vibrant city and allows its residents to live a balanced metropolitan life.

Office overview in Central

Central, Hong Kong - office space for rent, lease or sale

Central is known as the financial centre of Hong Kong mainly because the area serves many headquarters of multinational companies as well as general consulates: (1) High court, (2) City hall, (3) Central government complex and (4) several five star hotels. Central City is also surrounded by grade A office buildings.

Central offers many options on office buildings for lease, including the following

Retail overview in Central

Central, Hong Kong - retail space for rent, lease or sale

In Central it is possible to experience the lively lifestyle and cultural atmosphere of Hong Kong at the same time. Many upscale malls are located in the city centre such as The Landmark which is home to some of the world’s most exclusive and premium luxury brands. Another well known mall located in Central is the IFC Mall. It is the hub of Hong Kong’s business activities and is a combination of workplace, luxury shopping and entertainment outlets.

Among core shopping districts, Central has the fastest absorption rate of vacant street shops as the city is preferred by most retailers especially international brands. Popular retail properties in Central, Hong Kong

Central offers many options on retail buildings for lease, including the following

Industrial overview in Central

Central, Hong Kong - industrial space for rent, lease or sale

Central, regarded as the central business district in Hong Kong, has a large number of office towers which facilitates trade and communication. The increasing global financial and commercial trade has led to the blooming infrastructure development in Hong Kong, especially in Central. Both inter- and intra-city transportation networks are located in Central for easy accessibility.