
Major bank signs five-floor lease in Causeway Bay ahead of planned relocation next year
The HSBC has committed to occupy more than 40,000 square feet in Capitol Centre, a commercial building in Causeway Bay, with tenancy set to begin in May 2026. According to recent filings, HSBC will lease the ground floor through the fourth floor — five floors in total — under a five-year agreement with an option to renew.
Reports estimate the monthly rent at about HK$4 million, reflecting robust demand for centrally located office space even as the city’s commercial real-estate market remains under pressure.
The deal marks one of the larger single-tenant leases in Causeway Bay in recent years.
Capitol Centre comprises around 94,000 sq ft of gross floor area across 21 storeys including retail and office floors.
Until now, its tenants have been smaller firms and retailers occupying relatively modest units, often under 2,000 sq ft.
The HSBC lease thus represents a significant shift — transforming the building into a major financial-services hub ahead of the bank’s planned move.
The timing aligns with HSBC’s broader re-organisation of its physical footprint in Hong Kong, following earlier moves such as the opening of a new wealth-management centre in the International Commerce Centre this year.
For HSBC, the Causeway Bay location offers convenient transport links — Capitol Centre sits minutes from the Causeway Bay MTR station — and provides visibility in a bustling commercial district.
For the wider office market, the deal could signal that financial firms remain confident in Hong Kong’s long-term role as a regional banking hub.
Analysts believe such large leases may stabilise demand and support rental levels in a sector that has seen significant vacancy since the pandemic.
As lease negotiations proceed, smaller landlords and rival buildings may face increasing pressure to adjust rents or upgrade amenities to retain or attract tenants without the draw of a major anchor such as HSBC.
Reports estimate the monthly rent at about HK$4 million, reflecting robust demand for centrally located office space even as the city’s commercial real-estate market remains under pressure.
The deal marks one of the larger single-tenant leases in Causeway Bay in recent years.
Capitol Centre comprises around 94,000 sq ft of gross floor area across 21 storeys including retail and office floors.
Until now, its tenants have been smaller firms and retailers occupying relatively modest units, often under 2,000 sq ft.
The HSBC lease thus represents a significant shift — transforming the building into a major financial-services hub ahead of the bank’s planned move.
The timing aligns with HSBC’s broader re-organisation of its physical footprint in Hong Kong, following earlier moves such as the opening of a new wealth-management centre in the International Commerce Centre this year.
For HSBC, the Causeway Bay location offers convenient transport links — Capitol Centre sits minutes from the Causeway Bay MTR station — and provides visibility in a bustling commercial district.
For the wider office market, the deal could signal that financial firms remain confident in Hong Kong’s long-term role as a regional banking hub.
Analysts believe such large leases may stabilise demand and support rental levels in a sector that has seen significant vacancy since the pandemic.
As lease negotiations proceed, smaller landlords and rival buildings may face increasing pressure to adjust rents or upgrade amenities to retain or attract tenants without the draw of a major anchor such as HSBC.






































