Cryptocurrency – Room for Growth
Per the Hong Kong Economic Times, while BitMEX had initially wanted half the floor, expansion plans made it necessary to occupy the entire floor. The US$ 28.66 per square foot that BitMEX is paying is higher than the then-record of US$ 26.75 that was paid per square foot for an office unit in central Hong Kong seven years ago.
Despite boasting some of the priciest real estate prices in the world, Hong Kong has managed to attract several high-profile crypto and blockchain firms. This includes Block.One which has leased 16,600 square feet of space in Hong Kong’s Central Plaza.
Some of the tenants that BitMEX will share the prestigious address with include Bank of America Corp, Barclays Plc, Bloomberg LP, Goldman Sachs Group Inc and the Securities and Futures Commission of Hong Kong. CK Hutchison Holdings Limited, the multinational conglomerate associated with billionaire Li Ka-shing, also calls the Cheung Kong Center home.