Shops for Rent on Yacht Street, Hong Kong

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

Renting a shop on Yacht Street, Hong Kong, is an attractive option for businesses looking to capitalize on the city’s dynamic retail environment and high foot traffic. Yacht Street is located in a vibrant area known for its mix of traditional and trendy shops, offering a unique shopping experience that attracts both locals and tourists. This street benefits from Hong Kong’s reputation as a major shopping hub, with proximity to popular shopping districts like Causeway Bay and Mong Kok, making it easier to tap into diverse customer segments. Renting a shop here provides visibility, access to affluent shoppers, and opportunities to showcase products in a culturally rich market, enhancing brand presence in one of Asia’s busiest retail centers. Additionally, the area's blend of commerce and culture encourages repeated visits, which is beneficial for retail growth and customer loyalty.

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

The cost to rent a shop on Yacht Street in Causeway Bay, Hong Kong varies significantly depending on factors such as shop size, location within the street, and current market conditions. As of 2024, retail rental prices on Yacht Street typically range from HK$300 to HK$800 per square foot per month, making it one of the more expensive shopping districts in Hong Kong. Ground floor shops with prime street frontage command the highest rents, often exceeding HK$600 per square foot monthly, while upper floor units or smaller spaces may be available from HK$250 to HK$400 per square foot per month. The total monthly rent for a typical retail space on Yacht Street can range from HK$50,000 for a small boutique to over HK$500,000 for larger flagship stores, depending on the exact location and lease terms. Prospective tenants should also budget for additional costs including management fees, rates, utilities, and often a substantial security deposit equivalent to several months' rent, as Causeway Bay remains one of Hong Kong's most sought-after retail locations due to its high foot traffic and proximity to major shopping centers.

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

Yacht Street in Causeway Bay, Hong Kong experiences moderate foot traffic throughout the day, with peak pedestrian activity occurring during lunch hours and evening periods when nearby office workers and residents frequent the area's restaurants and shops. Located in one of Hong Kong's busiest shopping districts, Yacht Street benefits from steady foot traffic due to its proximity to major attractions like Times Square, Sogo department store, and the Causeway Bay MTR station. The street sees increased pedestrian flow during weekends and holidays as tourists and locals explore the numerous dining establishments, boutique stores, and entertainment venues that line this popular Causeway Bay thoroughfare. While not as crowded as the main Russell Street or Hennessy Road corridors, Yacht Street maintains consistent foot traffic that makes it an attractive location for retail businesses and restaurants looking to capitalize on Causeway Bay's reputation as a premier shopping and dining destination in Hong Kong.