Shops for Rent on Matheson Street, Hong Kong
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Why rent a shop on Matheson Street, Causeway Bay, Hong Kong?
Renting a shop on Matheson Street in Hong Kong offers an exceptional opportunity to establish a business in one of the city’s most vibrant commercial hubs, Causeway Bay. This location benefits from high foot traffic due to its proximity to Times Square, a major shopping mall renowned for its extensive range of retail and dining options, making it an ideal spot for retail businesses to attract diverse customers. Additionally, Matheson Street provides excellent accessibility with a direct connection to the Causeway Bay MTR station, enhancing convenience for both shoppers and staff. The area hosts a dynamic mix of commercial activities with nearby office tenants in finance, law, and accounting, contributing to a steady flow of professionals and shoppers. The modern retail spaces and lively urban environment create a perfect setting for growing businesses seeking visibility and connectivity in Hong Kong’s competitive market. This combination of prime location, robust infrastructure, and consumer density makes renting a shop on Matheson Street a strategic choice for entrepreneurs aiming to capitalize on Hong Kong's bustling retail scene.
How much does it cost to rent a shop on Matheson Street, Causeway Bay, Hong Kong?
The cost to rent a shop on Matheson Street in Causeway Bay, Hong Kong varies significantly depending on the specific location, size, and floor level, with ground floor retail spaces typically commanding premium prices due to the street's prime shopping district status. Monthly rental rates for shop spaces on Matheson Street generally range from HK$80,000 to HK$500,000 or more, with smaller boutique-sized units starting around HK$80,000 to HK$150,000 per month, while larger flagship stores or premium corner locations can exceed HK$300,000 to HK$500,000 monthly. The exact rental cost depends on factors such as the shop's square footage, street frontage, proximity to major shopping centers like Times Square, foot traffic levels, and current market conditions in Causeway Bay's competitive retail landscape. Prospective tenants should also budget for additional costs including management fees, rates, government rent, security deposits typically equivalent to 2-3 months rent, and potential key money or premium payments that may be required for highly sought-after locations on this prestigious Hong Kong shopping street.
What's the foot traffic like on Matheson Street, Causeway Bay, Hong Kong?
Matheson 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, Matheson Street sees constant streams of shoppers, tourists, and commuters, particularly during weekends and public holidays when visitor numbers can reach peak levels. The street connects major shopping destinations including Times Square, SOGO department store, and numerous retail outlets, contributing to its consistently heavy pedestrian flow from morning until late evening. Foot traffic on Matheson Street Causeway Bay typically intensifies during lunch hours (12-2 PM) and evening shopping periods (6-9 PM), with the area remaining bustling well into the night due to Hong Kong's vibrant nightlife culture. International tourists and local Hong Kong residents alike frequent this popular Causeway Bay thoroughfare, creating a dynamic mix of foot traffic that makes Matheson Street one of the most densely populated pedestrian zones in Hong Kong's retail landscape.
