Increased demand from local and overseas companies has boosted leasing transactions at Harbour City in Tsim Sha Tsui, with about 280,000 sqft of space rented out in the past five months.
According to Harbour City Estates, which is responsible for leasing in the commercial complex, new commitments in its office buildings amounted to 230,000 sqft between May and August.
Dave Siu Wing-koon, general manager (office leasing) at Harbour City Estates, says leasing interest in high-grade offices has increased in recent months as companies looked for premises for expansion and relocation. 'We have received more leasing inquiries and secured new commitments by companies. In September, there was a further commitment of nearly 50,000 sqft of space in our buildings, including a whole-floor lease of more than 20,000 sqft.
'Lease negotiations are under way with companies in different sectors including telecom, trading and insurance businesses.'
Major leasing transactions included a new lease of a whole floor, or 26,047 sqft, by Huawei Tech, the world's leading telecom solutions company, which is relocating from Central, and another whole floor, or 23,055 sqft, taken up by Toray Industries, which will consolidate its offices in Jordan and move into Harbour City.
Leasing demand was also driven by in-house expansion by existing tenants, such as Fancl's commitment of a further 16,400 sqft, Estee Lauder's leasing 8,600 sqft and AIA 's taking up 11,600 sqft.
