HONG KONG OFFICE RENTAL: HOW TO WEIGH BETWEEN PRICE VS. LOCATION
Hong Kong has one of the world’s most expensive commercial office space rental costs. A Hong Kong office rental will cost more than HK$93 per square foot, compared to HK$80 per square foot in New York City, which is the world’s second-most expensive office rental market.
Hong Kong’s low vacancies and high rents make it difficult to find an ideal location for an office in a business centre or other location. Here’s how an organisation can get the best value when searching for the office business center Honk Kong offers.
BUSINESS TYPE VERSUS LOCATION
An office’s location should depend on the type of business it runs. If, for example, an office deals with customers and clients who walk in, it might need a location in an area of Hong Kong that has high foot traffic.
A doctor’s patient must see his or her doctor, so convenience and location are critical factors for such a business. In this case, choosing an office with the best location will outweigh its cost.
SERVICE AVAILABILITY IN BUSINESS CENTRE SETTINGS
If a business provides a service that can be found in similar high-traffic area for pedestrians, location becomes more important. A laundromat would do well in a residential building than in the financial district. And a technology office, is more suitable in a prime CBD location than in the local suburb. So, when an office location is critically important toward maintaining a base of customers, convenience becomes a very important factor.
LOCAL BUSINESS CENTRE HONG KONG EXPERTS
When looking to locate a business in Hong Kong, it helps to have local experts who can identify the best locations for your business’ needs.
The combination of rental cost and convenience for potential clients and current customers becomes the crucial factor in determining the best possible business location in Hong Kong.
Local experts can help to find the best spots on prime business locales that will enhance revenue models and help to boost foot traffic as well as profitability.
Without assessing the factors critical toward making the right decision on a new business centre location, it is too easy to make a mistake that could put a company out of business.
Yet, with the right balance of local expertise, knowledge of current vacancies and the various services provided with business and office rentals, finding the ideal office location in Hong Kong is a much simpler proposition.
Unfortunately, most business owners do not have intimate knowledge of local business centre Hong Kong locales, their rents and total costs to do business and succeed.
Thankfully, help is available to ensure the right decisions are made and offices can turn a profit.
LOCATE PRIME BUSINESS CENTRE HONG KONG OFFICES
When considering a move to a new location or opening a new business, the professionals at Skybizcentre HK can help to locate the best office site in Hong Kong.
Skybizcenter HK will assess business needs and locate the ideal business setting to help ensure the greatest potential for success.
If you are interested in further information, you can contact us today to schedule a personal consultation.