How many Class A submarkets are in Hong Kong?

5, ranging from trophy (Central) down to established and emerging clusters.

Hong Kong has 5 distinct Class A submarkets we track, anchored by Central at the trophy tier.

5 submarkets covered.
Trophy tier: Central.
Prime tier: Admiralty, West Kowloon.
Established/emerging tier: Wanchai & Causeway Bay, Kowloon East.

Hong Kong Class A submarkets

Hong Kong has 5 distinct Class A submarkets we track, anchored by Central at the trophy tier.

TL;DR

5 submarkets covered.
Trophy tier: Central.
Prime tier: Admiralty, West Kowloon.
Established/emerging tier: Wanchai & Causeway Bay, Kowloon East.

By tier

**Central** (trophy, ~HK$130/sqft/mo · ≈ $200 PSF/yr USD) — The historic financial core of Asia. **Admiralty** (prime, ~HK$110/sqft/mo · ≈ $169 PSF/yr USD) — Government and professional services anchor. **Wanchai & Causeway Bay** (established, ~HK$78/sqft/mo · ≈ $120 PSF/yr USD) — Cost-conscious Grade A with strong commute. **West Kowloon** (prime, ~HK$95/sqft/mo · ≈ $146 PSF/yr USD) — ICC anchors the trophy across the harbor. **Kowloon East** (established, ~HK$42/sqft/mo · ≈ $64.5 PSF/yr USD) — Decentralized Grade A at scale.

Key facts

city	Hong Kong
country	Hong Kong SAR
region	APAC
classARentLocal	1450 HKD/sqft/yr
classARentUsd	$186/sqft/yr
vacancy	12.8%
typicalLeaseYears	3
typicalRentFreeMonths	8
submarkets	5
primeYieldPct	3.4%
trophyCount	1
primeCount	2

Frequently asked questions

How many Class A submarkets are in Hong Kong?: 5, ranging from trophy (Central) down to established and emerging clusters.

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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