Hong Kong’s Skyscraper Space: 2X More Expensive Than Manhattan, 20X More Than Chicago

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Written By Henry Dalziel

I've been living and working in Hong Kong since 2016 as an SEO Professional.

Skyscraper space in Hong Kong is 20 times more expensive than that in Chicago and costs two times as much in Manhattan. Due to the scarcity of available land and the great demand for office space in the city, the price is high.Due to its long history of being a highly populated city, space has always been an issue in Hong Kong. Early on, the majority of people either resided on the streets or in modest apartments. The government started constructing high-rise structures as the city expanded to accommodate the burgeoning population.The majority of the population in Hong Kong now resides in the city’s approximately 7,000 high-rise structures. The cost of renting or purchasing space in a high-rise building has increased due to the high demand for office space.Skyscraper space in Hong Kong is still in high demand despite the exorbitant price. Due to Hong Kong’s proximity to mainland China and reputation as a major financial centre, many companies decide to base their operations there.
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