{"id":105617,"date":"2019-03-31T08:45:03","date_gmt":"2019-03-31T01:45:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/rent-at-office-tower-redeveloped-on-the-excelsiors-site-may-be-the-highest-in-causeway-bay-amid-shortage-of-commercial-space\/"},"modified":"2019-03-31T09:03:29","modified_gmt":"2019-03-31T02:03:29","slug":"rent-at-office-tower-redeveloped-on-the-excelsiors-site-may-be-the-highest-in-causeway-bay-amid-shortage-of-commercial-space","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rent-at-office-tower-redeveloped-on-the-excelsiors-site-may-be-the-highest-in-causeway-bay-amid-shortage-of-commercial-space\/","title":{"rendered":"Rent at office tower redeveloped on The Excelsior\u2019s site may be the highest in Causeway Bay amid shortage of commercial space"},"content":{"rendered":"


\nThe office tower to rise from where The Excelsior hotel stands on the foreshore of Hong Kong\u2019s Causeway Bay may command the highest rent in the district by the time its redevelopment is completed in 2025, barring a catastrophic economic meltdown in Hong Kong.The site, known as Lot One, was the very first piece of land sold in Hong Kong when the city became a British colony in 1841. Jardine Matheson, one of Asia\u2019s largest and oldest conglomerates, has owned it ever since, putting up the 869-room\u2026
\n
\nSource : South China Morning Post
\nRead more…Rent at office tower redeveloped on The Excelsior\u2019s site may be the highest in Causeway Bay amid shortage of commercial space<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The office tower to rise from where The Excelsior hotel stands on the foreshore of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-105617","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rtv","jetpack-related-posts":[{"id":124340,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-h-development-seeks-medical-services-providers-to-lease-its-purpose-built-tower-in-causeway-bay\/","url_meta":{"origin":105617,"position":0},"title":"Hong Kong developer H Development seeks medical services providers to lease its purpose-built tower in Causeway Bay","date":"January 25, 2022","format":false,"excerpt":"\r H Development Holdings is seeking to lease a purpose-built tower, the first of its kind in Causeway Bay, as the privately owned property firm believes the city has the potential to become a medical tourism destination for the Greater Bay Area.The company has invested HK$600 million (US$77 million) in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74404,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bay-set-to-become-the-heart-of-co-working-space-in-hong-kong\/","url_meta":{"origin":105617,"position":1},"title":"Causeway Bay set to become the heart of co-working space in Hong Kong","date":"December 13, 2017","format":false,"excerpt":"\r Causeway Bay is set to become the heart of co-working space in the city once Campfire Collaborative Spaces opens its 38,820 square feet of space in V Point office tower which will open in July next year. Hong Kong-based Campfire has taken up nine floors in the grade A\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123683,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/offices-may-decamp-to-hong-kongs-causeway-bay-amid-rental-crash-in-the-worlds-costliest-retail-strip\/","url_meta":{"origin":105617,"position":2},"title":"Offices may decamp to Hong Kong\u2019s Causeway Bay amid rental crash in the world\u2019s costliest retail strip","date":"December 8, 2021","format":false,"excerpt":"\r Causeway Bay looks increasingly more appealing as an office address, amid the rental crash in what was until recently the world\u2019s most expensive retail shopping district.The monthly net office rent in the district between Hong Kong\u2019s Wan Chai and Quarry Bay averaged HK$60.4 (US$7.74) per square foot, just about\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69852,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/running-track-yoga-and-spa-hysan-targets-millennials-with-new-causeway-bay-office-tower\/","url_meta":{"origin":105617,"position":3},"title":"Running track, yoga and spa \u2013 Hysan targets millennials with new Causeway Bay office tower","date":"October 24, 2017","format":false,"excerpt":"\r Workplaces are quickly evolving in Causeway Bay, one of Hong Kong\u2019s busiest shopping and business districts, and the area\u2019s biggest commercial landlord wants to lead on creating a more enjoyable and healthier work environment for millennials. Hysan Development\u2019s 32-storey, grade A office tower, Lee Garden Three, which is to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110012,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bay-retail-landlord-offers-to-cut-rent-by-44-per-cent-as-prada-closes-flagship-store-next-year-amid-dwindling-foot-traffic\/","url_meta":{"origin":105617,"position":4},"title":"Causeway Bay retail landlord offers to cut rent by 44 per cent as Prada closes flagship store next year amid dwindling foot traffic","date":"August 19, 2019","format":false,"excerpt":"\r The landlord of Prada\u2019s retail store in Causeway Bay is offering to slash monthly rent by 44 per cent next year when the Italian fashion house shuts its flagship outlet on Hong Kong Island, succumbing to dwindling shoppers\u2019 foot traffic.The Milanese company will close its 15,000-square foot (1,393 square\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121788,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fivelements-to-shut-times-square-spa-amid-quibbles-over-rent-as-uncertainty-about-hong-kongs-recovery-stymies-businesses\/","url_meta":{"origin":105617,"position":5},"title":"Fivelements to shut Times Square spa amid quibbles over rent, as uncertainty about Hong Kong\u2019s recovery stymies businesses","date":"September 2, 2021","format":false,"excerpt":"\r Fivelements Habitat, which provides yoga, spa treatments and plant-based cuisine, is shutting its Times Square wellness centre in Causeway Bay after two years of operation, as it failed to agree with its landlord Wharf Reic on the terms of its lease renewal.The centre, located on level 13A of Times\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105617"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=105617"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105617\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}