--- title: "Wanchai & Causeway Bay, Hong Kong — Class A submarket" description: "Cost-conscious Grade A with strong commute." canonical: https://classa.info/cities/hong-kong/wanchai-causeway-bay pageType: neighborhood lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Wanchai & Causeway Bay is a established-tier Class A submarket of Hong Kong with average asking rent around HK$78/sqft/mo · ≈ $120 PSF/yr USD. ## TL;DR - Significant discount to Central. - Strong tram and MTR access. - Major retail and hotel mass. # Wanchai & Causeway Bay, Hong Kong — Class A submarket *Cost-conscious Grade A with strong commute.* · Tier: established · Avg rent: HK$78/sqft/mo · ≈ $120 PSF/yr USD ## TL;DR - Significant discount to Central. - Strong tram and MTR access. - Major retail and hotel mass. ## Overview Wanchai and Causeway Bay offer a meaningful discount to Central while retaining strong Grade A stock. Lee Garden Three and the cluster around Times Square and Lee Gardens anchor the modern Grade A tier. ## Tenant profile Insurance, professional services, media, mid-market financial services. ## Typical specification 12-20,000 sqft floor plates. ## Transit Wanchai MTR, Causeway Bay MTR. Direct tram and bus interchanges. ## Amenities Times Square, Lee Gardens, the convention centre. ## Comparable buildings - **Lee Garden Three** [](https://www.google.com/maps/search/?api=1&query=Lee%20Garden%20Three%2C%201%20Sunning%20Road%2C%20Causeway%20Bay%2C%20Wanchai%20%26%20Causeway%20Bay%2C%20Hong%20Kong%2C%20Hong%20Kong%20SAR&query_place_id=ChIJLVs8REkBBDQRsism7gI0JPI) - **Times Square** [](https://www.google.com/maps/search/?api=1&query=Times%20Square%2C%201%20Matheson%20Street%2C%20Causeway%20Bay%2C%20Wanchai%20%26%20Causeway%20Bay%2C%20Hong%20Kong%2C%20Hong%20Kong%20SAR&query_place_id=ChIJ_bAR11AABDQRGxsNeGwaZYM) - **One Hennessy** [](https://www.google.com/maps/search/?api=1&query=One%20Hennessy%2C%201%20Hennessy%20Road%2C%20Wan%20Chai%2C%20Wanchai%20%26%20Causeway%20Bay%2C%20Hong%20Kong%2C%20Hong%20Kong%20SAR&query_place_id=ChIJ_8XeqFsABDQRKT5n0lhBC3I) ## Where Wanchai & Causeway Bay sits in Hong Kong Wanchai & Causeway Bay is one of 5 [Class A](/glossary/class-a) submarkets we cover in Hong Kong, classified as established tier with an average asking rent around HK$78/sqft/mo · ≈ $120 PSF/yr USD. Compared with the broader Hong Kong Class A stock, Wanchai & Causeway Bay typically attracts Insurance, professional services, media, mid-market financial services and competes most directly with the city's other established submarkets on building specification, transit access, and [amenitisation](/glossary/amenitisation). Adjacent submarkets to study alongside Wanchai & Causeway Bay: [Central](/cities/hong-kong/central), [Admiralty](/cities/hong-kong/admiralty), [West Kowloon](/cities/hong-kong/west-kowloon), [Kowloon East](/cities/hong-kong/kowloon-east). The full Hong Kong submarket atlas is at [/cities/hong-kong](/cities/hong-kong). ## Topic deep-dives for Wanchai & Causeway Bay For an institutional Class A occupier evaluating Wanchai & Causeway Bay, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket: - [Wanchai & Causeway Bay — ](/cities/hong-kong/wanchai-causeway-bay/rents-and-availability) - [Wanchai & Causeway Bay — ](/cities/hong-kong/wanchai-causeway-bay/tenant-profile) - [Wanchai & Causeway Bay — ](/cities/hong-kong/wanchai-causeway-bay/transit-and-commute) - [Wanchai & Causeway Bay — ](/cities/hong-kong/wanchai-causeway-bay/amenity-and-lifestyle) - [Wanchai & Causeway Bay — ](/cities/hong-kong/wanchai-causeway-bay/trophy-and-comparables) - [Wanchai & Causeway Bay — ](/cities/hong-kong/wanchai-causeway-bay/fit-out-and-spec) ## Related glossary Terminology specific to Hong Kong Class A leasing and to the established tier: [Class A](/glossary/class-a), [Trophy asset](/glossary/trophy-asset), [Effective rent](/glossary/effective-rent), [Concession package](/glossary/concession-package), [TI allowance](/glossary/ti-allowance), [Submarket tier](/glossary/submarket-tier). ## Editorial provenance Reviewed by [**Kenji Watanabe**](/about/authors/kenji-watanabe) — APAC contributing editor. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) ## Related topics - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office [fit-out](/topics/fit-out-capex)">fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/hong-kong/wanchai-causeway-bay), updated 2026-04-15T00:00:00.000Z.