Shops for Rent on Chiu Lung Street, Hong Kong

Why rent a shop on Chiu Lung Street, Central, Hong Kong?

Renting a shop on Chiu Lung Street, Hong Kong, offers an excellent opportunity due to its prime location in Central, just minutes from the MTR station, making it highly accessible for customers and clients. Chiu Lung Street features a mix of commercial buildings like the well-known 9 Chiu Lung Street (formerly EuBank Plaza), which supports semi-retail operations with modern office and retail spaces suitable for diverse businesses such as beauty, medical, and legal services. The area is surrounded by prestigious Grade A office towers, enhancing its commercial environment and potential foot traffic. Additionally, competitive rental rates and a vibrant business ecosystem make it an attractive choice for retailers and professionals looking to establish a presence in one of Hong Kong’s busiest business districts. This combination of strategic location, comprehensive facilities, and varied tenant mix creates a strong business advantage for renting shops on Chiu Lung Street.

How much does it cost to rent a shop on Chiu Lung Street, Central, Hong Kong?

The cost to rent a shop on Chiu Lung Street in Central, Hong Kong varies significantly depending on the size, location, and condition of the commercial space. As of 2024, retail rental prices on Chiu Lung Street typically range from HKD 80 to HKD 200 per square foot per month, with prime ground floor locations commanding the highest rates due to Central's status as Hong Kong's premier business district. Smaller shop units of 200-500 square feet may cost between HKD 25,000 to HKD 60,000 monthly, while larger retail spaces exceeding 1,000 square feet can reach HKD 150,000 or more per month. Factors affecting Chiu Lung Street shop rental costs include proximity to MTR stations, foot traffic levels, building age and facilities, lease terms, and current market conditions in Hong Kong's competitive retail property sector. Prospective tenants should also budget for additional expenses such as management fees, rates, government rent, and security deposits when calculating the total cost of renting commercial property in Central Hong Kong.

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

Chiu Lung Street in Causeway Bay, Hong Kong experiences heavy foot traffic throughout the day, making it one of the busiest pedestrian areas in this prime shopping district. Located in the heart of Causeway Bay, Chiu Lung Street connects major shopping destinations and serves as a vital thoroughfare for both locals and tourists navigating between Times Square, SOGO department store, and numerous retail outlets. The street sees peak pedestrian activity during lunch hours from 12 PM to 2 PM and evening shopping periods from 6 PM to 9 PM, with weekends drawing significantly larger crowds due to leisure shoppers and tourists exploring Causeway Bay's renowned retail scene. The constant flow of people on Chiu Lung Street is sustained by its strategic position linking key MTR exits, major shopping centers, and popular dining establishments, while the street's proximity to luxury boutiques and local eateries ensures consistent foot traffic from early morning until late evening. Business owners and retailers on Chiu Lung Street benefit from this high pedestrian volume, as the street serves as a natural corridor for the thousands of daily visitors who come to Causeway Bay for shopping, dining, and entertainment activities.