To its east lies the Royal Concert Hall, to its south lies Filmstaden Sergel, one of the largest multiscreen cinemas in inner-city Stockholm, and the adjacent Hötorgshallen food market hall, and to the west lies the Haymarket by Scandic Hotels. Southeast of the square are the five high-rise office buildings Hötorgsskraporna. To the north is the Kungshallen food court. During the daytime it is the site of a fruit and vegetable market, except on Sundays, when flea markets are arranged.
Hötorget Metro station was opened in 1952 and is decorated with light blue tiles. The station kept its "vintage" style, in contrast to other more modern stations on the same line, retaining its original construction arrangements and materials such as tiles, signs, illumination, etc. There is an illuminated art installation on the ceiling of the station. The platforms of Hötorget Metro station make a brief appearance in Madonna's "Ray of Light" music video.
Hötorget art (Hötorgskonst) is within painted art in Sweden a derogatory name for 20th century art where the artist did not follow elite principles for sellable art, such as making multiple copies of artworks, following simple peoples preferences etc. Hötorget art is art which established art experts don't sell and don't assign a value. Such art was sold on Hötorget by artists to common people, bypassing art galleries.