Shops for Rent on Cleveland Street, Hong Kong

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

Renting a shop on Cleveland Street in Hong Kong offers a strategic location in the bustling commercial district of Causeway Bay, known for high foot traffic and proximity to major shopping centers like Fashion Walk. Cleveland Street is well-connected by public transport, being only about five minutes' walk from the MTR, which ensures easy access for both customers and suppliers. The street is surrounded by a mix of residential and commercial properties, fostering a vibrant retail environment that attracts diverse clientele. Additionally, the area’s historical significance and ongoing commercial development create valuable business opportunities, making it an attractive choice for retailers seeking visibility and growth in one of Hong Kong’s prime shopping districts.

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

The cost to rent a shop on Cleveland Street in Causeway Bay, Hong Kong varies significantly depending on the unit size, location along the street, and current market conditions. Ground floor retail spaces on Cleveland Street typically command monthly rents ranging from HK$80,000 to HK$300,000 or more, with prime locations near major intersections or MTR exits demanding premium prices. Shop rental costs in this area are generally quoted per square foot, with rates averaging between HK$200 to HK$800 per square foot per month for street-level commercial properties. Smaller retail units of 200-500 square feet may cost between HK$50,000 to HK$150,000 monthly, while larger flagship stores or corner units can exceed HK$400,000 per month. Factors affecting Cleveland Street shop rental prices include foot traffic, proximity to Times Square shopping mall, accessibility to Causeway Bay MTR station, and the overall economic climate in Hong Kong's retail sector. Prospective tenants should also budget for additional costs such as management fees, government rates, utilities, and typically a three-month security deposit when securing a retail lease on Cleveland Street.

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

Cleveland Street in Causeway Bay, Hong Kong experiences heavy foot traffic throughout most of the day, making it one of the busiest pedestrian areas in this popular shopping district. The street sees peak crowds during lunch hours from 12pm to 2pm when office workers from nearby commercial buildings visit restaurants and cafes, and again during evening hours from 6pm to 9pm when locals and tourists explore the dining and entertainment options. Weekends typically bring the highest foot traffic as shoppers flock to the numerous retail stores, fashion boutiques, and department stores that line Cleveland Street. The pedestrian flow remains consistently high due to its strategic location connecting major shopping areas like Times Square and SOGO department store, with the street serving as a key walkway between Causeway Bay MTR station and various commercial complexes. During Hong Kong's cooler months from October to March, foot traffic tends to be even more intense as comfortable weather encourages more walking and outdoor shopping activities along Cleveland Street.