Shops for Rent on Albany Road, Hong Kong

Why rent a shop on Albany Road, Central, Hong Kong?

Renting a shop on Albany Road, Hong Kong offers an excellent opportunity due to its prime location in the Mid-Levels Central area, close to major business hubs and with convenient access to public transport, including the MTR within a 15-minute walk. Albany Road is home to The Albany, a well-established residential and commercial development by Swire Properties, featuring modern facilities such as a swimming pool and sports amenities, which attract affluent residents and high foot traffic. This makes it an ideal location for retail businesses aiming to target a wealthy, professional clientele in a vibrant urban setting. The area's prestigious environment and accessibility enhance the visibility and appeal of shops located here, supporting business growth and customer engagement. Renting on Albany Road combines an upscale neighborhood with strong connectivity, which is valuable for any commercial venture in Hong Kong.

How much does it cost to rent a shop on Albany Road, Central, Hong Kong?

The cost to rent a shop on Albany Road in Central, Hong Kong typically ranges from HKD 80 to HKD 200 per square foot per month, depending on the specific location, size, and condition of the retail space. Ground floor shops with street frontage on Albany Road command premium rates due to the high foot traffic and prestigious Central business district location, with smaller units of 200-500 square feet often renting for HKD 120-180 per square foot monthly. Larger retail spaces above 1,000 square feet may see slightly lower per-square-foot rates but still require substantial monthly commitments often exceeding HKD 100,000 for prime positions. Additional costs for Albany Road shop rentals include rates, management fees, air conditioning charges, and typically a security deposit equivalent to 3-6 months rent, making the total upfront investment for opening a retail business on this sought-after Hong Kong street considerably higher than the base monthly rental rate.

What's the foot traffic like on Albany Road, Causeway Bay, Hong Kong?

Albany Road 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 and commercial district, Albany Road sees constant streams of shoppers, tourists, office workers, and locals navigating between major attractions like Times Square, SOGO department store, and numerous retail outlets. Peak foot traffic occurs during lunch hours from 12pm to 2pm when office workers flood the area, and again during evening shopping hours from 6pm to 9pm when both locals and tourists crowd the sidewalks. Weekends bring particularly dense pedestrian activity as the road serves as a key connector between major shopping centers and the Causeway Bay MTR station. The foot traffic on Albany Road remains consistently heavy year-round due to its strategic location linking multiple shopping districts, making it challenging to navigate during peak retail seasons and public holidays when visitor numbers surge even higher.