Shops for Rent on Canal Road East, Hong Kong

Why rent a shop on Canal Road East, Causeway Bay, Hong Kong?

Renting a shop on Canal Road East in Hong Kong offers a strategic advantage due to its location in Wan Chai, one of the busiest and most vibrant commercial districts on Hong Kong Island. The area is known for its high foot traffic, diverse mix of businesses, and proximity to key office towers, shopping centers, and entertainment venues, making it ideal for retail or service-oriented shops. Canal Road East’s accessibility and position within a district undergoing continuous urban renewal provide excellent opportunities for attracting local customers and tourists alike. This location combines the commercial buzz of Wan Chai with the potential for visibility and growth, offering a prime spot for business ventures seeking to capitalize on one of Hong Kong's dynamic neighborhoods.

How much does it cost to rent a shop on Canal Road East, Causeway Bay, Hong Kong?

The cost to rent a shop on Canal Road East in Causeway Bay, Hong Kong varies significantly depending on the size, location, and condition of the retail space. Ground floor retail units on Canal Road East typically command monthly rents ranging from HKD 80,000 to HKD 300,000, with prime locations near major shopping centers and MTR stations commanding higher prices. Smaller shop spaces of 200-500 square feet generally rent for HKD 80,000 to HKD 150,000 per month, while larger retail units exceeding 1,000 square feet can cost HKD 200,000 to HKD 300,000 monthly. The rental rates on Canal Road East are influenced by Causeway Bay's status as one of Hong Kong's premier shopping districts, with high foot traffic from both locals and tourists. Additional costs for renting a shop on Canal Road East include security deposits equivalent to 3-6 months rent, management fees, government rates, and potential renovation expenses. Property agents typically charge a commission of one month's rent for securing a retail lease in this highly sought-after Causeway Bay location.

What's the foot traffic like on Canal Road East, Causeway Bay, Hong Kong?

Canal Road East in Causeway Bay, Hong Kong experiences heavy foot traffic throughout the day due to its strategic location in one of the city's busiest shopping and commercial districts. The pedestrian flow on Canal Road East is particularly intense during peak hours from 9am to 11am and 6pm to 9pm on weekdays, while weekends see consistently high volumes of foot traffic from morning until late evening. The area attracts a diverse mix of local residents, office workers, tourists, and shoppers who frequent the numerous retail outlets, restaurants, and entertainment venues along this popular Causeway Bay thoroughfare. The foot traffic density on Canal Road East is significantly higher during major shopping seasons, public holidays, and festival periods, making it one of the most pedestrian-congested streets in Hong Kong's retail heartland. Visitors planning to walk along Canal Road East should expect crowded sidewalks and slower pedestrian movement, especially near major shopping centers and MTR station entrances that contribute to the area's reputation as a high-traffic pedestrian zone in Causeway Bay.