Shops for Rent on Irving Street, Hong Kong

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

Renting a shop on Irving Street, Hong Kong, is an excellent choice for businesses seeking to tap into the vibrant retail scene of Causeway Bay, one of Hong Kong’s top shopping districts. Irving Street is centrally located within Causeway Bay, an area known for its bustling mix of high-end malls like Times Square, Hysan Place, and Lee Gardens, alongside unique shopping venues such as Island Beverley Shopping Center and WTC More, which attract diverse customers from locals to international tourists. The foot traffic and proximity to major shopping complexes provide shops on Irving Street with high visibility and access to a wide customer base, making it ideal for retail, fashion, and lifestyle brands looking to establish or expand their presence in Hong Kong's competitive market. Additionally, the area's dynamic dining scene and continuous commercial activity contribute to sustained consumer interest throughout the day and into the evening, enhancing sales potential for retailers on Irving Street. Overall, renting a shop here combines location advantage, vibrant consumer flow, and association with a prestigious shopping district renowned for variety and quality.

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

The cost to rent a shop on Irving Street in Causeway Bay, Hong Kong varies significantly depending on location, size, and floor level, with ground floor retail spaces typically commanding the highest premiums. As of 2024, monthly rental rates for shops on Irving Street generally range from HK$80 to HK$300 per square foot, with prime ground floor locations near the intersection with major thoroughfares like Great George Street or Percival Street reaching the upper end of this range. Smaller retail units of 200-500 square feet can expect monthly rents between HK$25,000 to HK$80,000, while larger spaces exceeding 1,000 square feet may cost HK$150,000 to HK$400,000 per month. Upper floor commercial spaces and basement level shops typically rent for 30-50% less than ground floor units, making them more affordable options for businesses with lower foot traffic requirements. Additional costs include management fees, rates, government rent, and utility deposits, which can add approximately 15-25% to the base rental cost. Due to Causeway Bay's status as one of Hong Kong's premier shopping districts and Irving Street's proximity to major shopping centers like Times Square and SOGO, rental prices remain competitive and subject to market fluctuations based on tourism levels and economic conditions.

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

Irving 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, Irving Street sees constant streams of both local residents and international tourists who visit the numerous retail stores, restaurants, and entertainment venues that line the street. Peak foot traffic typically occurs during weekends, public holidays, and evening hours between 6 PM to 10 PM when office workers, shoppers, and diners converge on the area. The street's proximity to major shopping centers like Times Square, SOGO, and Fashion Walk, combined with its direct connection to Causeway Bay MTR station, ensures steady pedestrian flow from early morning until late night. During major shopping seasons such as Chinese New Year, summer sales periods, and Christmas, foot traffic on Irving Street can become extremely congested, with pedestrian counts reaching some of the highest levels recorded in Hong Kong's commercial districts. Business owners and retailers on Irving Street benefit significantly from this consistent high-volume foot traffic, which contributes to the area's reputation as one of Hong Kong's most valuable commercial real estate locations.