Shops for Rent on Coronation Terrace, Hong Kong

Why rent a shop on Coronation Terrace, Central, Hong Kong?

Renting a shop on Coronation Terrace, Hong Kong offers a strategic location in the vibrant Mid-levels West area, known for its close proximity to Central Business District and trendy neighborhoods like SOHO and PMQ. This prime location attracts a mix of affluent professionals, expatriates, and tourists, providing excellent foot traffic and brand exposure. Coronation Terrace benefits from modern residential developments such as The Pierre, which enhances the area's upscale appeal with facilities and quality services. The accessibility via the Central-Mid-levels Escalator ensures convenience for customers and staff alike, while the surrounding diverse dining and shopping options create a lively commercial environment. Renting here provides both a prestigious address and promising business potential in one of Hong Kong Island’s most sought-after districts.

How much does it cost to rent a shop on Coronation Terrace, Central, Hong Kong?

The cost to rent a shop on Coronation Terrace in Central, Hong Kong typically ranges from HK$80 to HK$200 per square foot per month, depending on the specific location, size, and condition of the retail space. Shop rental prices on Coronation Terrace vary significantly based on factors such as floor level, street frontage, foot traffic, and proximity to major commercial areas in Central district. Ground floor retail units with prime street-facing positions command the highest rents, often exceeding HK$150 per square foot monthly, while upper floor commercial spaces may be available at more competitive rates starting from HK$60 per square foot. The rental market for shops on Coronation Terrace is influenced by Central Hong Kong's status as a premier business district, with landlords typically requiring deposits equivalent to three to six months' rent plus additional charges for management fees and government rates. Prospective tenants should budget for total occupancy costs including rent, utilities, insurance, and fit-out expenses when considering retail space rental on Coronation Terrace, as these prime Central Hong Kong locations represent some of the most expensive commercial real estate in Asia.

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

Coronation Terrace in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day due to its strategic location in one of Hong Kong's busiest shopping and commercial districts. The street sees consistent pedestrian flow from both locals and tourists who are drawn to nearby attractions such as Times Square, Sogo department store, and the numerous shopping centers that define Causeway Bay's retail landscape. Peak foot traffic typically occurs during lunch hours from 12pm to 2pm when office workers frequent the area's restaurants and cafes, and again during evening hours from 6pm to 9pm as people engage in after-work shopping and dining activities. Weekends generally bring heavier pedestrian traffic as tourists and Hong Kong residents alike explore the vibrant Causeway Bay district, making Coronation Terrace a bustling thoroughfare that connects visitors to major shopping destinations, public transportation hubs including Causeway Bay MTR station, and the area's diverse dining establishments. The foot traffic patterns on Coronation Terrace reflect the broader dynamics of Causeway Bay as a premier shopping destination in Hong Kong, with consistent pedestrian activity making it an ideal location for retail businesses and commercial establishments.