Shops for Rent on Haven Street, Hong Kong

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

Renting a shop on Haven Street, Hong Kong, offers a unique opportunity to operate in a vibrant area steeped in nostalgic charm and cultural heritage. Haven Street, located in the bustling Causeway Bay district, is lined with vintage buildings from the 1950s and 1960s, giving it a distinctive retro atmosphere that attracts both locals and tourists seeking an authentic Hong Kong experience. The street hosts a variety of independent shops, traditional bakeries, candy stores, and cha chaan teng, as well as trendy coffee shops and international restaurants, creating a dynamic commercial environment ideal for diverse retail or food businesses. Its location as a cul-de-sac connected to Leighton Road enhances its appeal by combining the charm of a quieter street with accessibility to the broader shopping and dining scenes of Causeway Bay. This blend of old-world charm and contemporary urban life makes Haven Street a strategic and attractive location for retailers looking to stand out in one of Hong Kong’s most iconic neighborhoods.

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

Renting a shop on Haven Street in Causeway Bay, Hong Kong typically costs between HK$80 to HK$200 per square foot per month, depending on the specific location, floor level, and shop condition. Ground floor retail spaces on Haven Street command premium prices due to the high foot traffic and prime location in one of Hong Kong's busiest shopping districts. Smaller shops ranging from 200 to 500 square feet may cost between HK$20,000 to HK$60,000 monthly, while larger retail units can exceed HK$100,000 per month. The rental cost on Haven Street varies significantly based on proximity to major shopping centers like Times Square and SOGO, with properties closer to these landmarks demanding higher rents. Additional costs include management fees, rates, government rent, and utility deposits, which can add approximately 15-20% to the base rental cost. Market conditions, lease terms, and seasonal demand also influence Haven Street shop rental prices, with many landlords requiring 3-6 months deposit and personal guarantees for new tenants in this competitive Causeway Bay retail market.

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

Haven 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 prime shopping district, Haven Street connects major retail destinations including Times Square, SOGO department store, and numerous fashion boutiques, resulting in constant streams of shoppers, tourists, and office workers. Peak foot traffic typically occurs during lunch hours from 12pm to 2pm and evening shopping hours from 6pm to 10pm, with weekends seeing the heaviest pedestrian congestion as both locals and international visitors flock to the area's renowned shopping centers and restaurants. The street's proximity to Causeway Bay MTR station, one of Hong Kong's busiest subway stops, further contributes to the substantial pedestrian volume, with thousands of commuters passing through daily. During major shopping seasons such as Chinese New Year and Christmas, foot traffic on Haven Street can become extremely dense, often requiring pedestrians to move at a slow pace due to the sheer number of people navigating the narrow sidewalks and crosswalks in this iconic Hong Kong shopping destination.