Shops for Rent on Lau Li Street, Hong Kong

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

Renting a shop on Lau Li Street, Hong Kong, offers a strategic location in the bustling Tin Hau and Wan Chai districts, known for a variety of commercial properties with modern facilities such as 24-hour security, air conditioning, and concierge services. Lau Li Street’s vibrant surroundings provide excellent exposure to diverse customer traffic, making it ideal for retail businesses aiming to capitalize on the lively neighborhood’s mix of shopping, dining, and local culture. Additionally, Lau Li Street offers properties ranging from partly furnished to fully renovated spaces, catering to different business needs and budgets. Its proximity to popular shopping arcades and transport links in Eastern District enhances accessibility for both shoppers and staff, ensuring a steady flow of potential customers for businesses renting shops here. This combination of location, amenities, and neighborhood appeal makes Lau Li Street a desirable choice for shop rental in Hong Kong.

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

The cost to rent a shop on Lau Li Street in Causeway Bay, Hong Kong varies significantly depending on the size, location, and condition of the property. As one of the most expensive retail districts in the world, Causeway Bay shop rental prices on Lau Li Street typically range from HK$80 to HK$300 per square foot per month for ground floor retail spaces, with prime locations commanding the highest rates. Smaller shops of 200-500 square feet may cost between HK$16,000 to HK$150,000 monthly, while larger retail spaces can exceed HK$300,000 per month. Upper floor shops generally cost 30-50% less than ground floor units. Additional costs include management fees, rates, utilities, and often a substantial security deposit equivalent to 2-3 months rent. Lau Li Street's proximity to Times Square, Sogo department store, and the Causeway Bay MTR station makes it particularly desirable for retailers, driving up rental costs. Prospective tenants should budget for key money or premium payments, which can add significantly to the initial setup costs when renting shop space in this premium Causeway Bay location.

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

Lau Li Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends. Located in one of Hong Kong's busiest commercial districts, this street connects major shopping areas and serves as a pedestrian thoroughfare for locals and tourists navigating between Causeway Bay's numerous retail outlets, restaurants, and entertainment venues. The foot traffic on Lau Li Street typically increases significantly during lunch hours from 12pm to 2pm and evening hours from 6pm to 9pm when office workers and shoppers frequent the area. Weekends and public holidays see the heaviest pedestrian flow as tourists and local families visit Causeway Bay for shopping and dining. The street's proximity to popular destinations like Times Square, Sogo department store, and various fashion boutiques contributes to its consistent pedestrian activity. However, foot traffic can vary depending on weather conditions, with covered walkways and nearby MTR stations providing shelter during Hong Kong's rainy seasons, maintaining steady pedestrian flow even during adverse weather.