Booming cross-border trade and continued office decentralisation have boosted the leasing activity of Delta House in Sha Tin.
A better economic environment has driven office expansion by some companies, while cost-conscious tenants turn to new buildings in decentralised districts such as Sha Tin and Kowloon East, according to Harriman Leasing, the leasing agent for Delta House.
Many international corporations are looking for opportunities to consolidate their offices in Hong Kong, raising demand for grade-A office space at competitive rental levels, says a spokeswoman for the company's leasing section. Advanced building specifications, efficient customer-centric services and the landlord's commitment to continuous hardware and software improvements are major considerations for tenants, the spokeswoman says.
Delta House, located at 3 On Yiu Street, comprises 27 levels of offices with a floor space of about 350,000 sqft, and a diverse tenant mix with multinational corporations, companies specialising in China trade activities, and biochemical, technology and electrical businesses.
The occupancy rate has been about 82 per cent to 85 per cent, according to Harriman Leasing. The building recorded double-digit rental growth in most lease renewals last year.
Major tenants include Carlsberg Hong Kong, UL International, Thomson Asia and Cell Therapy Technologies Centre. Carlsberg Hong Kong has committed to a further 7,000 sqft to consolidate its regional operation in Asia.