Wanchai & Causeway Bay is a established-tier Class A submarket of Hong Kong with average asking rent around HK$78/sqft/mo · ≈ $120 PSF/yr USD.
Cost-conscious Grade A with strong commute. · Tier: established · Avg rent: HK$78/sqft/mo · ≈ $120 PSF/yr USD
Wanchai and Causeway Bay offer a meaningful discount to Central while retaining strong Grade A stock. Lee Garden Three and the cluster around Times Square and Lee Gardens anchor the modern Grade A tier.
Insurance, professional services, media, mid-market financial services.
12-20,000 sqft floor plates.
Wanchai MTR, Causeway Bay MTR.
Direct tram and bus interchanges.
Times Square, Lee Gardens, the convention centre.
Wanchai & Causeway Bay is one of 5 Class A submarkets we cover in Hong Kong, classified as established tier with an average asking rent around HK$78/sqft/mo · ≈ $120 PSF/yr USD. Compared with the broader Hong Kong Class A stock, Wanchai & Causeway Bay typically attracts Insurance, professional services, media, mid-market financial services and competes most directly with the city's other established submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Wanchai & Causeway Bay: Central, Admiralty, West Kowloon, Kowloon East. The full Hong Kong submarket atlas is at /cities/hong-kong.
For an institutional Class A occupier evaluating Wanchai & Causeway Bay, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Hong Kong Class A leasing and to the established tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.