Hong Kong East, formerly a semi-industrial area, is evolving with new office towers, shopping malls and business hotels
Quarry Bay repositioning as a credible business district, with a strong supply of Grade A office space, including AIA Hong Kong Tower.
Many retailers, marketing firms and consultancies have offices in the district, which is increasingly used as a location for back-office space for major corporates and international banks.
Construction of new hotels and commercial buildings near Fortress Hill underway.
The Eastern District of Hong Kong Island encompasses Shau Kei Wan, Chai Wan, Heng Fa Chuen, Taikoo Shing, Quarry Bay, North Point, Fortress Hill and Tin Hau. This extensive range of locations affords businesses diverse commercial real estate opportunities when expanding their business operations.
Many retailers, marketing and consultancy firms already rent office space in Hong Kong East, helping to transform the district into a secondary business district. It offers a credible alternative to Central for these firms and those in the retail, leisure or entertainment sectors. Hong Kong East is also increasingly being utilised for back-office space by major corporates.
Hong Kong East’s combination of office space, semi-industrial space and residential areas, has led to the area’s a mixed tenant profile. There are also several large shopping malls and business hotels, such Cityplaza and EAST respectively
Parts of the district are currently under development. Near Fortress Hill, along the coast, new hotels and commercial buildings are under construction. The former semi-industrial areas in the western part of Quarry Bay have already been developed into a commercial hub by Swire, and this trend is continuing with the redevelopment of a further two semi-industrial buildings.
The evolving nature of Hong Kong East affords plenty of leasing opportunities for businesses seeking to establish offices outside of Central.