Shops for Rent on Old Bailey Street, Hong Kong
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Why rent a shop on Old Bailey Street, Central, Hong Kong?
Renting a shop on Old Bailey Street in Hong Kong offers a strategic advantage due to its prime location in Central, the city's key Central Business District. The street is well-connected, being just a five-minute walk from Central MTR Station, making it highly accessible to both local residents and professionals. Old Bailey Street is home to historic landmarks such as the Tai Kwun Centre, integrating heritage with modern commercial opportunities, and a tenant mix that includes professional firms like law, accounting, and financial services, ensuring a prestigious business environment. Additionally, buildings like Hollywood Commercial House provide modern amenities in a vibrant business hub. This combination of excellent transport links, historic significance, professional tenant base, and central placement makes Old Bailey Street an ideal location for retail or commercial shops aiming to attract a diverse and affluent clientele.
How much does it cost to rent a shop on Old Bailey Street, Central, Hong Kong?
The cost to rent a shop on Old Bailey Street in Central, Hong Kong varies significantly depending on the size, location, and condition of the property, with monthly rental prices typically ranging from HK$80,000 to HK$300,000 or more for prime retail spaces. Old Bailey Street shop rental rates are generally quoted per square foot, with ground floor retail units commanding premium prices of approximately HK$200 to HK$500 per square foot per month due to the street's prestigious Central district location and high foot traffic from nearby business centers and shopping areas. Factors affecting Old Bailey Street commercial rent include proximity to major landmarks like the Former Legislative Council Building, shop size ranging from small boutique spaces around 300-500 square feet to larger retail units exceeding 1,000 square feet, street visibility, and lease terms with most landlords requiring substantial security deposits equivalent to 3-6 months rent plus key money. Prospective tenants should budget additional costs for management fees, government rates, and fitting out expenses when calculating the total investment required to rent a shop on Old Bailey Street, making it one of the more expensive retail locations in Hong Kong's Central business district.
What's the foot traffic like on Old Bailey Street, Causeway Bay, Hong Kong?
Old Bailey 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. Located in the heart of Causeway Bay near major shopping centers like Times Square and Sogo, Old Bailey Street sees consistent crowds of both locals and tourists, particularly during weekends and evenings when people are shopping, dining, and exploring the vibrant nightlife scene. The street connects several key attractions and shopping venues, resulting in steady pedestrian flow from morning until late night, with peak congestion typically occurring between 6 PM and 10 PM when office workers, shoppers, and tourists converge in the area. Visitors to Old Bailey Street should expect crowded sidewalks and bustling activity, especially during Hong Kong's peak tourist seasons and major shopping events, as Causeway Bay ranks among the world's most expensive retail districts and attracts millions of visitors annually seeking luxury brands, local street food, and authentic Hong Kong shopping experiences.
