Shops for Rent on Moreton Terrace, Hong Kong

Why rent a shop on Moreton Terrace, Causeway Bay, Hong Kong?

Renting a shop on Moreton Terrace, Hong Kong, is an excellent choice for business owners seeking a strategic location within a vibrant commercial area. Moreton Terrace is situated in the bustling Causeway Bay district, renowned as one of Hong Kong’s top shopping destinations with high foot traffic and a diverse mix of shoppers. This prime spot offers proximity to major shopping malls, trendy boutiques, and popular dining venues, ensuring constant customer flow and strong retail visibility. Additionally, Causeway Bay’s dense population and reputation as a shopping hub make it ideal for brands aiming to reach both local consumers and tourists. Renting a shop on Moreton Terrace provides access to an energetic market environment with ample commercial opportunities for retail, fashion, and lifestyle businesses alike.

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

The cost to rent a shop on Moreton Terrace in Causeway Bay, Hong Kong typically ranges from 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 Moreton Terrace command premium rents due to high foot traffic and visibility, often reaching HK$150-200 per square foot monthly, while upper floor units may start from HK$80-120 per square foot. Causeway Bay remains one of Hong Kong's most expensive retail districts, and Moreton Terrace shop rental prices reflect this prime positioning, with small boutique stores of 300-500 square feet potentially costing between HK$24,000 to HK$100,000 per month. Factors affecting Moreton Terrace rental costs include proximity to major shopping centers like Times Square and SOGO, accessibility to MTR stations, shop size, lease terms, and current market conditions. Prospective tenants should budget for additional costs including government rates, management fees, utilities, and often substantial key money deposits when securing retail space in this highly sought-after Causeway Bay location.

What's the foot traffic like on Moreton Terrace, Causeway Bay, Hong Kong?

Moreton Terrace in Causeway Bay, Hong Kong experiences moderate to heavy foot traffic throughout the day, particularly during peak shopping hours and weekends when visitors flock to the nearby Times Square shopping mall and Sogo department store. The street connects several major commercial areas in Causeway Bay, one of Hong Kong's busiest shopping districts, resulting in consistent pedestrian flow from both locals and tourists. Foot traffic tends to be heaviest between 11 AM and 9 PM, with significant increases during lunch hours when office workers from surrounding buildings visit nearby restaurants and cafes. The proximity to Causeway Bay MTR station, just a few blocks away, contributes to the steady stream of pedestrians using Moreton Terrace as a thoroughfare to access shopping centers, dining establishments, and entertainment venues. During major shopping seasons like Chinese New Year and Christmas, foot traffic on Moreton Terrace can become quite congested as it serves as an alternative route for shoppers navigating between the area's major retail destinations.