Shops for Rent on Pak Tsz Lane, Hong Kong

Why rent a shop on Pak Tsz Lane, Central, Hong Kong?

Renting a shop on Pak Tsz Lane in Hong Kong offers a unique opportunity to be part of a historically rich and tranquil area in Central, surrounded by a vibrant neighborhood known for its blend of modernity and heritage. Pak Tsz Lane is notable for its proximity to Pak Tsz Lane Park, a serene space commemorating the revolutionary activities that shaped Hong Kong’s history, attracting both locals and tourists interested in culture and history. The location benefits from quiet streets just behind Aberdeen Street, Hollywood Road, and Gage Street, making it an ideal spot for businesses seeking a peaceful yet centrally located environment with strong cultural significance. Additionally, this area’s historical appeal and cultural foot traffic can enhance business visibility and attract customers looking for unique shopping experiences in Hong Kong’s lively Central district.

How much does it cost to rent a shop on Pak Tsz Lane, Central, Hong Kong?

The cost to rent a shop on Pak Tsz Lane in Central, Hong Kong typically ranges from HK$80 to HK$200 per square foot per month, depending on the specific location, shop size, and current market conditions. As one of Hong Kong's most prestigious commercial districts, Central commands premium rental rates, with Pak Tsz Lane being particularly sought after due to its proximity to major financial institutions and high foot traffic from office workers and tourists. Ground floor retail spaces on Pak Tsz Lane generally cost more than upper floor units, with prime street-facing locations reaching the higher end of the rental range. Factors influencing shop rental costs on Pak Tsz Lane include the property's condition, lease terms, included amenities, and the landlord's requirements for security deposits, which typically range from 3 to 6 months' rent in advance. Prospective tenants should also budget for additional costs such as management fees, rates, government rent, and potential renovation expenses when calculating the total cost of renting a shop on this prestigious Central Hong Kong street.

What's the foot traffic like on Pak Tsz Lane, Causeway Bay, Hong Kong?

Pak Tsz Lane in Causeway Bay, Hong Kong experiences moderate foot traffic throughout the day, with peak pedestrian activity typically occurring during lunch hours (12pm-2pm) and early evening (6pm-8pm) when office workers and shoppers frequent the nearby commercial areas. This narrow lane, located in one of Hong Kong's busiest shopping districts, sees a steady flow of locals and tourists navigating between the main Causeway Bay shopping streets and residential areas. The foot traffic on Pak Tsz Lane is generally lighter compared to major thoroughfares like Russell Street or Hennessy Road, making it a relatively quieter pedestrian route despite its central Causeway Bay location. Weekends tend to bring increased pedestrian numbers as visitors explore the surrounding retail outlets, restaurants, and attractions in the Causeway Bay area. The lane's foot traffic patterns are influenced by its proximity to Times Square, Sogo department store, and various MTR exits, with pedestrian volume fluctuating based on seasonal shopping periods and local events in the Causeway Bay district.