Shops for Rent on Percival Street, Hong Kong
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Why rent a shop on Percival Street, Causeway Bay, Hong Kong?
Renting a shop on Percival Street in Hong Kong offers strategic advantages due to its prime location in Causeway Bay, one of the busiest shopping and commercial districts on Hong Kong Island. Percival Street connects major roads such as Gloucester Road and Leighton Road and is serviced by a branch of the Hong Kong Tramways, enhancing accessibility for both shoppers and commuters. It hosts popular shopping centers like Lee Theatre Plaza, which houses well-known retail brands and a variety of dining options, attracting steady foot traffic. The area’s high pedestrian flow and prestige are reflected in its retail rent prices, which rank among the highest globally, making it an ideal location for businesses seeking visibility and premium market exposure. Additionally, the mix of office spaces and retail outlets in nearby Causeway Bay Plaza adds a diverse customer base, including office workers and local residents, creating a vibrant commercial environment beneficial for retail success. Overall, Percival Street’s excellent connectivity, established shopping venues, and high-profile commercial status make it a compelling choice for renting a shop in Hong Kong.
How much does it cost to rent a shop on Percival Street, Causeway Bay, Hong Kong?
The cost to rent a shop on Percival Street in Causeway Bay, Hong Kong varies significantly depending on factors such as shop size, location along the street, and current market conditions. Ground floor retail spaces on Percival Street typically command premium rents ranging from HK$200 to HK$800 per square foot per month, with prime locations near major shopping centers and MTR stations attracting the highest rates. Smaller retail units of 300-500 square feet may cost between HK$60,000 to HK$250,000 per month, while larger shops exceeding 1,000 square feet can reach monthly rents of HK$500,000 or more. Percival Street shop rental prices are influenced by its strategic position in Causeway Bay's bustling retail district, proximity to Times Square shopping mall, and high pedestrian traffic from both locals and tourists. Property agents specializing in Causeway Bay commercial real estate recommend budgeting for additional costs including management fees, government rates, and substantial security deposits when planning to rent retail space on Percival Street.
What's the foot traffic like on Percival Street, Causeway Bay, Hong Kong?
Percival 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, Percival 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 occurs during lunch hours from 12pm to 2pm when nearby office workers emerge for meals, and again during evening hours from 6pm to 9pm as people finish work and engage in shopping and dining activities. Weekends see particularly heavy pedestrian congestion as both locals and international visitors flock to Causeway Bay's renowned shopping scene, with Percival Street serving as a key thoroughfare between MTR Causeway Bay Station and major commercial complexes. The street's foot traffic intensity is comparable to other world-famous shopping districts, with thousands of pedestrians passing through hourly during peak periods, making navigation challenging but reflecting the area's status as Hong Kong's premier retail destination.
