Shops for Rent on Gilman Street, Hong Kong

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

Renting a shop on Gilman Street in Hong Kong offers a strategic location in the heart of Central, an area known for its bustling commercial activity and proximity to major roads like Connaught Road Central and Des Voeux Road Central. Gilman Street features easy access with a nearby tram stop at Des Voeux Road Central, increasing foot traffic potential for retail businesses. The street is part of a vibrant shopping and business district that includes historic ties to prominent British firms, contributing to its prestigious and well-established commercial atmosphere. Its positioning near key hubs and the mix of shops make it an attractive choice for retailers aiming to capitalize on both local residents and tourists in one of Hong Kong’s busiest urban centers. This combination of location, accessibility, and commercial heritage makes Gilman Street a compelling option for shop rental in Hong Kong.

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

The cost to rent a shop on Gilman Street in Central, Hong Kong varies significantly depending on the specific location, size, and condition of the property. As one of Hong Kong's most prestigious commercial districts, Central commands premium rental rates, with retail spaces on Gilman Street typically ranging from HK$80 to HK$200 per square foot per month for ground floor units. Smaller retail shops of approximately 200-500 square feet can expect monthly rents between HK$25,000 to HK$80,000, while larger commercial spaces may cost upwards of HK$150,000 per month. Upper floor retail units generally cost 20-40% less than ground floor spaces, making them more affordable options for businesses with smaller budgets. Additional costs include management fees, rates, government rent, and utility deposits, which can add 15-25% to the base rental amount. Due to Central's prime location near major MTR stations, international financial institutions, and high foot traffic from both locals and tourists, Gilman Street retail rents remain among the highest in Hong Kong's commercial property market, making it essential for prospective tenants to budget accordingly and consider professional property consultation services.

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

Gilman Street in Causeway Bay, Hong Kong experiences moderate to heavy foot traffic throughout the day, making it a bustling pedestrian thoroughfare in one of the city's most vibrant shopping districts. Located in the heart of Causeway Bay, Gilman Street connects major commercial areas and benefits from the high volume of shoppers, tourists, and office workers who frequent the nearby Times Square, SOGO department store, and Fashion Walk shopping complex. Peak foot traffic typically occurs during lunch hours between 12-2 PM when office workers emerge for meals, and again during evening hours from 6-9 PM as people finish work and engage in shopping and dining activities. Weekends see consistently heavy pedestrian flow as both locals and tourists explore the numerous retail outlets, restaurants, and entertainment venues along and adjacent to Gilman Street. The street's proximity to Causeway Bay MTR station, one of Hong Kong's busiest subway stations, contributes significantly to the constant stream of pedestrians, with foot traffic remaining relatively high even during off-peak hours due to the area's reputation as a 24-hour shopping and entertainment hub.