Shops for Rent on Staveley Street, Hong Kong

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

Renting a shop on Staveley Street in Hong Kong offers a unique opportunity to be part of a vibrant, historically rich area known for its blend of traditional and modern commerce. Located near Central, the city’s main business district, Staveley Street provides excellent access to bustling commercial streets and proximity to key financial and administrative hubs. This street, one of the “ladder streets,” connects shoppers and visitors to diverse retail experiences, benefiting businesses through steady foot traffic from locals and tourists alike. Additionally, the area combines cultural heritage with ongoing urban redevelopment, creating a dynamic environment that supports a variety of retail ventures. Choosing to rent on Staveley Street means positioning your business strategically in a location known for both community roots and commercial growth in the heart of Hong Kong.

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

The cost to rent a shop on Staveley Street in Central, Hong Kong varies significantly depending on the specific location, size, and condition of the retail space. Ground floor shops on Staveley Street typically command premium rental rates ranging from HK$80 to HK$200 per square foot per month, with prime locations near major intersections or high-traffic areas commanding the highest prices. Upper floor retail spaces generally cost between HK$40 to HK$100 per square foot monthly, making them more affordable options for businesses with smaller budgets. Staveley Street's strategic location in Central's business district, proximity to major MTR stations, and high foot traffic from office workers and tourists contribute to the premium rental costs. Additional expenses to consider include government rates, management fees, utility deposits, and renovation costs, which can add 20-30% to the base rental price. Shop rental prices on Staveley Street have remained relatively stable in recent years, though they fluctuate based on market conditions, lease terms, and the overall Hong Kong commercial property market. Prospective tenants should budget for key money deposits equivalent to 2-6 months' rent and factor in professional fees for legal and surveying services when calculating total occupancy costs.

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

Staveley Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when the area's numerous retail outlets, restaurants, and cafes attract both locals and tourists. Located in one of Hong Kong's busiest commercial districts, Staveley Street benefits from its proximity to major shopping centers like Times Square and SOGO, which drives consistent pedestrian flow from morning until late evening. The street sees especially heavy foot traffic during lunch hours as office workers from nearby buildings frequent the various dining establishments, and again in the early evening when commuters and shoppers pass through the area. Weekends and public holidays typically see the highest concentration of pedestrians on Staveley Street, with families and tourists exploring the vibrant Causeway Bay shopping district, making it an ideal location for retail businesses and restaurants looking to capitalize on Hong Kong's bustling urban environment.