Shops for Rent on Gough Street, Hong Kong
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Why rent a shop on Gough Street, Central, Hong Kong?
Renting a shop on Gough Street, Hong Kong, offers a unique opportunity to be in one of the city’s trendiest and most vibrant areas, known as NoHo. This street in Sheung Wan has transformed from a neighborhood once full of local printing presses and traditional eateries into a hotspot featuring international fashion brands, high-end home furnishings, stylish boutiques, and popular cafes and restaurants. The area attracts a design-conscious crowd and boasts a lively atmosphere, especially in the evenings, making it ideal for businesses targeting affluent, trendy customers. Additionally, Gough Street’s rich history and cultural significance add to its appeal, making it a prestigious location to establish a retail presence in Hong Kong. Renting a shop here means accessing a mix of heritage charm and modern upscale appeal in a central and sought-after location.
How much does it cost to rent a shop on Gough Street, Central, Hong Kong?
Renting a shop on Gough Street in Central, Hong Kong typically costs between HK$80 to HK$200 per square foot per month, depending on the exact location, floor level, and shop size. Ground floor retail spaces on Gough Street Central command premium prices due to high foot traffic and proximity to major commercial districts, with monthly rents ranging from HK$150,000 to HK$500,000 for spaces between 500 to 2,000 square feet. Upper floor shops generally offer more affordable options at HK$50,000 to HK$150,000 per month. The cost to rent a shop on Gough Street Central varies significantly based on factors such as street frontage, nearby amenities, building condition, and lease terms, with most landlords requiring a security deposit equivalent to three to six months' rent plus legal fees. Small retail units under 300 square feet may start from HK$30,000 monthly, while larger flagship stores can exceed HK$800,000 per month, making Gough Street one of the more expensive retail locations in Hong Kong's Central business district.
