The Henley Building at Queen's Road Central is expected to draw tenants from ageing commercial buildings in the area when it begins leasing in about two months.
The 29-storey office building is owned by the family of Hang Seng Bank honorary chairman Ho Sin-heng.
Property analysts say leasing for the building, due for completion in June, should start in early July.
Leasing rates range from $47 per square foot for the two lowest floors to $62 for the top floors with full sea views, with all the levels between being offered for $55 to $58 per sq ft.
Property consultants said the asking rents were reasonable and they expected a positive response from tenants due to limited new supply in the short term.
A.G. Wilkinson & Associates assistant director Ambrose Liu Yuk-lun said several older Central towers, such as the Liu Chong Hing Bank Building, were scheduled for redevelopment.
Tenants from those premises would be forced to look for new office space, he said, and the Henley Building would be one of few choices.