This report reveals Kowloon East as the preferred alternative for companies searching for office space outside of core-CBD area. Lower rental cost, bigger office space, wider range of options and larger new supply of Grade A offices compared to Central/Admiralty are the factors that drive Kowloon East as the next main office hub. Landlords are also expected to continue to provide flexibility on rent and non-monetary incentives to cope with the competition for quality tenants, especially for landlords in stratified office building built prior to 2012 which do not have direct access to MTR stations.

Download the Colliers Radar report to learn more about the factors driving the trend.