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Article: Growth of service firms and its impact on office location: the case of Hong Kong

TitleGrowth of service firms and its impact on office location: the case of Hong Kong
Authors
KeywordsFIRE sector
Location
Centralization
Decentralization
Hong Kong
Issue Date2007
PublisherSujeon Publishers.
Citation
International Journal of Urban Sciences, 2007, v. 11 n. 2 How to Cite?
AbstractChanges in locations of FIRE and business services firms in Hong Kong during 1980–2000 could be characterized by trends of both centralization and decentralization. A heavy concentration of finance firms in the CBD is highly significant, implying the presence of strong forces promoting the spatial concentration of the finance firms. Insurance and business service firms tend to locate mainly in areas adjoining the CBD in order to enjoy the externalities or support services, which CBD offers. Volatility in rents has also provided opportunities for firms to relocate within the CBD at lower cost. In contrast, real estate firms tend to decentralize away from Hong Kong Island due to cheaper rents. The important finding of the sample survey analysis is that non-traditional factors such as office buildings with IT facilities have emerged as dominant factors determining choice of location. For instance. during the survey period, finance firms considered office buildings with IT facilities as the most important factor, while business service firms considered sufficient floor-space as the second most important factor after rent in choosing the present location.
Persistent Identifierhttp://hdl.handle.net/10722/138820
ISSN
2015 SCImago Journal Rankings: 0.302

 

DC FieldValueLanguage
dc.contributor.authorLau, SSYen_US
dc.contributor.authorWadu, MJen_US
dc.date.accessioned2011-09-23T05:38:44Z-
dc.date.available2011-09-23T05:38:44Z-
dc.date.issued2007en_US
dc.identifier.citationInternational Journal of Urban Sciences, 2007, v. 11 n. 2en_US
dc.identifier.issn1226-5934-
dc.identifier.urihttp://hdl.handle.net/10722/138820-
dc.description.abstractChanges in locations of FIRE and business services firms in Hong Kong during 1980–2000 could be characterized by trends of both centralization and decentralization. A heavy concentration of finance firms in the CBD is highly significant, implying the presence of strong forces promoting the spatial concentration of the finance firms. Insurance and business service firms tend to locate mainly in areas adjoining the CBD in order to enjoy the externalities or support services, which CBD offers. Volatility in rents has also provided opportunities for firms to relocate within the CBD at lower cost. In contrast, real estate firms tend to decentralize away from Hong Kong Island due to cheaper rents. The important finding of the sample survey analysis is that non-traditional factors such as office buildings with IT facilities have emerged as dominant factors determining choice of location. For instance. during the survey period, finance firms considered office buildings with IT facilities as the most important factor, while business service firms considered sufficient floor-space as the second most important factor after rent in choosing the present location.-
dc.languageengen_US
dc.publisherSujeon Publishers.-
dc.relation.ispartofInternational Journal of Urban Sciencesen_US
dc.subjectFIRE sector-
dc.subjectLocation-
dc.subjectCentralization-
dc.subjectDecentralization-
dc.subjectHong Kong-
dc.titleGrowth of service firms and its impact on office location: the case of Hong Kongen_US
dc.typeArticleen_US
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1226-5934&volume=11&issue=2&spage=&epage=&date=2007&atitle=Growth+of+service+firms+and+its+impact+on+office+location:+the+case+of+Hong+Kong-
dc.identifier.emailLau, SSY: ssylau@hku.hken_US
dc.identifier.emailWadu, MJ: mjwadu@graduate.hku.hken_US
dc.identifier.authorityLau, SSY=rp01006en_US
dc.identifier.doi10.1080/12265934.2007.9693613-
dc.identifier.hkuros195400en_US
dc.identifier.volume11en_US
dc.identifier.issue2en_US

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