# Hong Kong Class A office rents and incentives

> Headline Class A rent in Hong Kong is around HK$80/sqft/mo · ≈ $123 PSF/yr USD, with 8 months of typical rent-free on a 3-year term.

**Canonical URL:** https://classa.info/cities/hong-kong/rents-and-incentives
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Headline Class A rent: HK$80/sqft/mo · ≈ $123 PSF/yr USD.
- Trophy submarket rents (Central) push to roughly HK$130/sqft/mo · ≈ $200 PSF/yr USD.
- Typical concessions on a 3-year deal: 8 months free rent.
- Vacancy stands at 12.8% — market trend is softening.
- Use effective rent (face minus PV of concessions), not headline, to compare deals.

## Key facts
- **city**: Hong Kong
- **country**: Hong Kong SAR
- **region**: APAC
- **classARentLocal**: HK$80/sqft/mo · ≈ $123 PSF/yr USD
- **classARentUsd**: $123/sqft/yr
- **vacancy**: 12.8%
- **typicalLeaseYears**: 3
- **typicalRentFreeMonths**: 8
- **submarkets**: 5
- **primeYieldPct**: 3.4%
- **trophyRent**: HK$130/sqft/mo · ≈ $200 PSF/yr USD
- **primeRent**: HK$110/sqft/mo · ≈ $169 PSF/yr USD

## FAQ
### What is the average Class A rent in Hong Kong?
Around HK$80/sqft/mo · ≈ $123 PSF/yr USD across the broader Class A index. Trophy submarkets like Central command 20–40% above that.

### How many months of rent-free are normal in Hong Kong?
8 months on a 3-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

### Are rents rising or falling in Hong Kong?
The Hong Kong Class A market is currently softening. Vacancy is 12.8%, which sets the negotiating context.

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Citation: Source: Class A Atlas (https://classa.info/cities/hong-kong/rents-and-incentives), updated 2026-04-15T00:00:00.000Z.