Queen’s Road has become an icon of the British Crown colony of Hong Kong and today it continues to be one of the place to be in the city. Focus on how finding an office to rent there with JLL.
The Queen’s choice; a top class rental location
Queen’s Road Central is a collection of streets along the northern coast of Hong Kong Island, within the limit of Victoria City. It was the first ever road in Hong Kong, constructed by the British between 1841 and 1843, spanning Victoria City from Shek Tong Tsui to Wan Chai. At various points along the route, Queen’s Road marks the original shoreline before land reclamation projects permanently extended land into Victoria Harbour.
The four sections of the roads, from west to east, are respectively: Queen’s Road West, Queen’s Road Central, Queensway, and Queen’s Road East.
Citibank Hong Kong, Hang Seng Bank, Standard Chartered Bank, UBS AG, SFC and the Royal Bank of Scotland are among prestigious clients renting space in Central and Sheung Wan. Most offices here have been built since the early 90’s, and feature rents between 70-165 HKD/Sq Ft. JLL Property Hong Kong is a commercial office leasing specialist, with strong depth of experience across the Queen’s Road central office market.
Property buildings in Queen’s Rd
8 Queen’s Rd Central
8 Queen’s Road Central is a 28-storey grade A commercial property in Hong Kong. Restaurants, health clubs and hotel facilities are all available on site. Built in 2000, the building’s rents tend to fall in the range of HKD 85/Sq Ft/Month. In total the building comprises 70,000 Sq Ft, and Asian Capital Partners are the anchor tenant.
100 Queen’s Rd Central
100 Queen’s Road Central is another Grade A office building of 27 storeys. It is linked to the Central footbridge system and escalator, which offers easy access to the wider core-Central area, as well as the Airport express station. This building is only a five-minute walk from the Macau Ferry terminal and IFC shopping mall.
Constructed in 2006, rents here generally fall in the range of HKD 75/Sq Ft/Month, with 185,000 Sq Ft in total within the building. Equity Financial Press Limited are an anchor tenant, and the area boasts a large number of investment banking and financial services tenants.
New MTR stations in Sai Ying Pun and Kennedy town have increased connectivity to this area, and will be bolstered by the Sha-tin to Central link. Commentators suspect the new MTR line will represent more competition and will affect many businesses in the region.
With high office rental rates in Central and Quarry Bay, Kennedy Town could become another prime location for office space in Hong Kong in the future. This could bring more foot traffic to the Kennedy Town part of the tram corridor.
Indeed, the new MTR line may entice private car drivers to take the MTR instead of driving, which when combined with the future Central-Wanchai Bypass diverting traffic towards the harbourfront, will help free up space along the tram corridors.
Read more in our Market Intelligence area