Hong Kong: Wan Chai
Overview
Wanchai is a metropolitan area situated at the western part of the Wan Chai District on the northern shore of Hong Kong Island. Wan Chai is one of the busiest commercial areas in Hong Kong.
Facts and figures
| Population | 180,123~ |
| Total office stock in sq m / sq f | 9,332,773 sq f (2019) |
| Total retail stock in sq m / sq f | n/a |
| Total industrial stock in sq m / sq f | n/a |
Economy
Wan chai is a key area for business, conventions and exhibitions, entertainment and shopping, as well as art and cultural activities. Wan chai is a key traffic hub and serves as an interchange for east and west of Hong Kong Island.
Growth
Wan Chai city was once a small fishing village, a spillover for workers and labourers to a wealthy commercial and cultural hub. The city has been built and rebuilt countless times over the years. Today, Wan Chai city has grown and developed almost beyond all recognition over the past 60 years. It is a seedy, trendy, residential, business focused community that is home to people of all ages.
Unique aspects
Wan chai has an excellent range of attractions and landmarks, and some of which are iconic symbols of Hong Kong. Wan Chai is one of the first few districts that has a lot of interesting colonial architecture and historical places of interest. Wan Chai heritage trail is roughly a 2 hour walk through the district shopping at a total of 15 sites.
Wan Chai may be known as a commercial district but at night it’s known as a popular bar area. The center of nightlife in Wan chai city is located at Lockhart Road.
Office overview in Wan chai
Wan Chai, Hong Kong - office space for rent, lease and sale
Many offices of small and medium sized companies are located in Wan Chai. Wan Chai North features office towers, parks, hotels, and an international and exhibition centre. There are various landmarks in the areas some of which are the Hong Kong Convention and Exhibition Centre, Central Plaza and Hopewell Centre.
According to CBRE, Grade A office rents in Wan Chai submarket fell by 4.5% during the first 3 months of 2020 compared with the previous quarter, with rental values for premium properties going for an average of HK$ 115 per square foot per month.
Wan Chai offers many options on office buildings for lease, including the following
Retail overview in Wan chai
Wan Chai, Hong Kong - retail space for rent, lease and sale
Nowadays, Wan Chai has evolved from a quaint, historic landmark into an eclectic city with a lot of quirky cafes, restaurants, bars, and lifestyle shops. There are no major shopping shopping centres that exist in the area.
Industrial overview in Wan chai
Wan Chai, Hong Kong - industrial space for rent, lease and sale
Wan Chai is home to many multinational companies of a diversified nature. Companies such as insurance, trading and consumer goods, and pharmaceutical companies are situated in the city. Wan Chai also features many prime grade A offices such as Times Square, World Trade Centre, Hysan Place, and Lee Gardens.