With plentiful new office buildings coming on stream in the next several years, office rentals should remain stable, if not soften. Two to three year office rental leases are standard and good terms can be negotiated. Lessees are advised to note the landlord's definition of floor area. Leasing procedures are straightforward and there are no restrictions as to the nationalities of the lessees.
Landlords normally require a deposit amounting to two or three months' office rent.
A Tenancy Agreement setting out the terms and conditions of the tenancy will be signed by both parties and registered with the government. Companies or individuals may wish to purchase strata titles in HongKong office buildings. However, in core office building areas where there may be little space available for sale, landlords generally prefer to lease. As an indication, these can amount, on average, to about 15 to 20 percent of rent. All major hotels have business centers, which gather under one roof secretarial and translation services, computer, fax and telex capabilities, business-card printing services and more.