Manhattan Place, a flagship office building in Kowloon Bay developed by Manhattan Realty, has continued to draw tenants looking for competitively priced Grade A office premises in secondary business locations.
Philip Lau Chor-hing, leasing manager of Manhattan Development, a unit of Manhattan Realty, said Manhattan Place had experienced a further increase in occupancy rate with commitment from a diverse mix of business organisations during the second and third quarters of this year.
'Rental continued to climb steadily upwards during the two quarters under review. The achieved rental for our office premises has reached about HK$21 per sqft while the occupancy rate is over 80 per cent,' he said.
According to Lau, most of the newly leased floors have been taken up by multiple-floor or whole-floor tenants and the remainder have special characteristics to attract different users.
For example, the sixth floor has a garden of more than 10,000 sqft which, he said, was ideal for companies in need of an open area for organising functions such as cocktail receptions, press conferences or shows.
Apart from the sixth floor, he said all remaining floors available for lease were above the 40th floor.