Shops for Rent on Tim Mei Avenue, Hong Kong

Why rent a shop on Tim Mei Avenue, Admiralty, Hong Kong?

Renting a shop on Tim Mei Avenue, Hong Kong offers a strategic location in Admiralty, one of the city’s prime business districts, surrounded by key landmarks like CITIC Tower and the Central Government Complex. This area is well-served by excellent transport links and affirms a prestigious commercial address, attracting high foot traffic from professionals and government employees. Businesses benefit from modern office amenities available nearby, including co-working spaces, restaurants, and convenient services, creating a vibrant environment ideal for retail or office ventures. Additionally, the proximity to major business hubs and civic centers ensures excellent visibility and networking opportunities, making Tim Mei Avenue a highly sought-after location for renting retail or commercial shops in Hong Kong.

How much does it cost to rent a shop on Tim Mei Avenue, Admiralty, Hong Kong?

The cost to rent a shop on Tim Mei Avenue in Admiralty, Hong Kong varies significantly depending on factors such as shop size, location within the street, and current market conditions. As of 2024, retail rental prices in Admiralty typically range from HK$80 to HK$200 per square foot per month for ground floor commercial spaces, with Tim Mei Avenue shops generally falling within the mid to upper range of this spectrum due to the area's premium location and high foot traffic. Smaller retail units of 200-500 square feet may cost between HK$25,000 to HK$60,000 monthly, while larger spaces exceeding 1,000 square feet can command rents of HK$150,000 or more per month. The exact rental cost will also depend on lease terms, renovation conditions, and proximity to MTR stations and major office buildings. Prospective tenants should expect additional costs including rates, management fees, air conditioning charges, and security deposits equivalent to 2-3 months rent. For the most current Tim Mei Avenue shop rental prices, it is recommended to consult with local commercial real estate agents or property consultants who specialize in Admiralty retail properties.

What's the foot traffic like on Tim Mei Avenue, Causeway Bay, Hong Kong?

Tim Mei Avenue in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when the area attracts both locals and tourists. Located in one of Hong Kong's busiest commercial districts, Tim Mei Avenue benefits from its proximity to major shopping centers, restaurants, and the Causeway Bay MTR station, which generates consistent pedestrian flow. The foot traffic on Tim Mei Avenue typically increases during lunch hours as office workers from nearby buildings frequent the restaurants and cafes along the street, while evenings see a surge of shoppers and diners exploring the vibrant Causeway Bay district. Weekend foot traffic on Tim Mei Avenue is generally heavier than weekdays, with families and tourists contributing to the bustling atmosphere as they navigate between popular destinations like Times Square, Sogo department store, and various local eateries. The pedestrian volume on this Causeway Bay street reflects the area's status as a major retail and dining hub, making it an important thoroughfare for both commercial activity and urban mobility in Hong Kong's shopping district.