Shops for Rent on Gage Street, Hong Kong

Why rent a shop on Gage Street, Central, Hong Kong?

Renting a shop on Gage Street, Hong Kong, offers a unique opportunity to tap into a vibrant blend of traditional charm and modern energy. Situated between the bustling Central and SoHo districts, Gage Street is famous for its historic open-air market featuring fresh produce, seafood, and local staples, attracting a steady flow of both locals and tourists seeking authentic experiences. The street hosts renowned eateries like Lan Fong Yuen, known for its iconic milk tea and noodles, alongside emerging artisan shops and trendy bars, making it an ideal location for businesses targeting diverse clientele. Additionally, proximity to cultural landmarks such as Tai Kwun and Pak Kung Temple enhances foot traffic and appeal. Renting here provides access to a niche market appreciating both Hong Kong’s heritage and contemporary lifestyle, ideal for retail, food, and specialty stores looking to establish a distinctive presence in a dynamic neighborhood.

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

The cost to rent a shop on Gage Street in Central, Hong Kong varies significantly depending on the specific location, size, and condition of the property. Ground floor retail spaces on Gage Street typically command monthly rents ranging from HK$80,000 to HK$300,000 or more, with prime corner locations and larger storefronts commanding the highest prices. The rental cost per square foot for Gage Street shops generally falls between HK$200 to HK$800 per square foot per month, making it one of the more expensive retail districts in Hong Kong due to its prime Central location and high foot traffic from both tourists and locals. Smaller shops or upper floor retail spaces may be available for lower monthly rents starting around HK$50,000, while premium ground floor locations with excellent visibility can exceed HK$500,000 per month. Additional costs to consider when renting a shop on Gage Street include management fees, rates, government rent, utility deposits, and renovation expenses, which can add 20-30% to the base rental cost. Prospective tenants should also factor in key money deposits and advance rental payments that are commonly required in Hong Kong's competitive retail property market.

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

Gage Street in Causeway Bay, Hong Kong experiences heavy foot traffic throughout the day, making it one of the busiest pedestrian areas in this popular shopping district. The street sees its highest foot traffic during lunch hours from 12pm to 2pm and evening hours from 6pm to 9pm, when office workers and tourists frequent the numerous restaurants, cafes, and street food vendors that line the area. Weekend foot traffic on Gage Street is particularly intense, with crowds of shoppers and diners creating congested walkways, especially near the intersection with Percival Street and close to popular dining establishments. The pedestrian volume remains consistently high due to Gage Street's proximity to major shopping centers like Times Square and SOGO, as well as its reputation as a food hub featuring both local Hong Kong cuisine and international dining options. Visitors should expect crowded conditions and slower walking speeds during peak hours, while early morning hours before 10am typically offer the lightest foot traffic for those seeking a more comfortable experience on Gage Street Causeway Bay.