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Podium Plaza casts wide net

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Podium Plaza, a new office-commercial development in Tsim Sha Tsui, is expected to draw tenants from in and outside the area, leasing agent Jones Lang Wootton (JLW) says.

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The project would particularly appeal to users looking for a whole floor of 4,000 to 5,000 square feet, it said.

Developers Asean Resources and Podium Development Co, are putting the 21-storey building up for lease.

The property, in Hanoi Road near the junction of Mody Road, contains 14 office floors with about 63,000 sq ft of space and a five-storey 33,000 sq ft retail complex.

The developers are focusing on leasing the 7th to 16th floors for office use, with monthly asking rents of $21.50 to $25.50 per sq ft on gross area.

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The office units range from 581 sq ft up to 4,400 sq ft for an entire floor, with an efficiency ratio of about 80 per cent.

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