Shops for Rent on Cannon Street, Hong Kong

Why rent a shop on Cannon Street, Causeway Bay, Hong Kong?

Renting a shop on Cannon Street in Hong Kong is an attractive opportunity due to its prime location in Causeway Bay, one of the city’s most vibrant shopping districts. This area benefits from high foot traffic, proximity to major roads like Jaffe Road and Gloucester Road, and ongoing commercial developments, including new office towers tailored to entrepreneurial and tech businesses. Such factors create a strong environment for retail success and business exposure. Additionally, recent transactions in the area, including significant property investments and redevelopment projects, reflect a competitive market with potential for growth and strategic positioning in Hong Kong’s dynamic retail sector. Overall, Cannon Street offers a strategic commercial base with excellent connectivity and the prestige associated with Causeway Bay’s well-established retail landscape.

How much does it cost to rent a shop on Cannon Street, Causeway Bay, Hong Kong?

Renting a shop on Cannon Street in Causeway Bay, Hong Kong typically costs between HK$80 to HK$200 per square foot per month, depending on the exact location, floor level, and shop condition. Ground floor retail spaces on Cannon Street command premium prices due to high foot traffic and prime positioning in one of Hong Kong's busiest shopping districts. Small retail units of 200-500 square feet can expect monthly rents ranging from HK$16,000 to HK$100,000, while larger commercial spaces may cost significantly more. Factors affecting Cannon Street shop rental prices include proximity to Times Square shopping mall, street-level visibility, tenant mix in the building, and current market conditions in Causeway Bay. Property agents specializing in Causeway Bay commercial real estate recommend budgeting additional costs for government rates, management fees, and security deposits equivalent to 2-3 months rent when calculating total occupancy expenses for Cannon Street retail properties.

What's the foot traffic like on Cannon Street, Causeway Bay, Hong Kong?

Cannon Street in Causeway Bay, Hong Kong experiences exceptionally high foot traffic throughout the day, making it one of the busiest pedestrian areas in the city. Located in the heart of Causeway Bay's premier shopping district, this street sees constant streams of both local residents and international tourists, particularly during weekends and holidays when visitor numbers can reach peak capacity. The foot traffic on Cannon Street is heaviest during lunch hours from 12pm to 2pm and evening shopping periods from 6pm to 9pm, when office workers and shoppers converge on the numerous retail outlets, restaurants, and entertainment venues lining the street. The pedestrian density is consistently high due to Cannon Street's proximity to major shopping centers like Times Square and SOGO, as well as its connection to Causeway Bay MTR station, which serves as a major transportation hub. Visitors to Cannon Street should expect crowded sidewalks and slow-moving pedestrian traffic, especially during Hong Kong's peak shopping seasons and public holidays, when the area becomes one of the most congested walking areas in Causeway Bay.