Shops for Rent on Li Yuen Street West, Hong Kong

Why rent a shop on Li Yuen Street West, Central, Hong Kong?

Renting a shop on Li Yuen Street West, Hong Kong, offers a unique opportunity to tap into a vibrant, historically rich street market scene popular with both locals and tourists. The area retains its charm as a bustling pedestrian lane lined with diverse stalls and small shops selling clothing, accessories, toys, souvenirs, and daily-use items, creating high foot traffic ideal for retail businesses. Li Yuen Street West is centrally located between Des Voeux Road Central and Queen's Road Central, easily accessible by public transport, making it an attractive spot for retailers targeting working professionals and tourists seeking affordable and trendy merchandise. This blend of traditional market atmosphere and steady shopper flow enhances visibility and potential sales, making it a strategic choice for renting a retail shop in Hong Kong’s busy Central district.

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

The cost to rent a shop on Li Yuen Street West in Central, Hong Kong varies significantly depending on the unit size, location within the street, and current market conditions. Ground floor retail spaces on Li Yuen Street West typically range from HK$80 to HK$200 per square foot per month, with prime corner units or larger storefronts commanding higher rates up to HK$300 per square foot monthly. Small shop units of approximately 200-400 square feet can expect monthly rents between HK$25,000 to HK$80,000, while larger retail spaces may cost HK$100,000 to HK$200,000 per month or more. Li Yuen Street West rental prices are influenced by its strategic location in Central's shopping district, proximity to major office buildings, and high pedestrian traffic from both tourists and local shoppers. Tenants should also budget for additional costs including rates, management fees, air conditioning charges, and typically three months' deposit plus one month's commission when securing a retail lease on Li Yuen Street West.

What's the foot traffic like on Li Yuen Street West, Causeway Bay, Hong Kong?

Li Yuen Street West in Causeway Bay, Hong Kong experiences moderate to heavy foot traffic throughout the day, particularly during peak shopping hours from late morning to early evening. This narrow street, located in one of Hong Kong's busiest commercial districts, attracts both local shoppers and tourists seeking affordable fashion, accessories, and souvenirs from its numerous market stalls and small shops. The foot traffic on Li Yuen Street West typically intensifies during weekends and public holidays when Causeway Bay draws larger crowds to its major shopping centers like Times Square and SOGO. During weekdays, the street sees steady pedestrian flow as office workers and residents navigate through the area, while evenings bring additional visitors exploring the street's dining options and night markets. The compact nature of Li Yuen Street West means that even moderate crowds can create a bustling atmosphere, making it one of the more active pedestrian areas within Causeway Bay's extensive retail network. Visitors should expect crowded conditions during peak tourist seasons and major shopping events, as the street's popularity as a budget-friendly shopping destination continues to drive consistent foot traffic throughout the year.