Shops for Rent on Bailey Street, Hong Kong

Why rent a shop on Bailey Street, Hung Hom, Hong Kong?

Renting a shop on Bailey Street in Hong Kong offers a strategic location advantage in the vibrant Central district, known for its historic charm and proximity to major commercial hubs. Bailey Street is close to key landmarks such as the Tai Kwun Centre and Hollywood Road, attracting both locals and tourists, which can boost foot traffic for retail businesses. The area benefits from excellent accessibility, being within walking distance to Central MTR Station and surrounded by a mix of professional firms and cultural sites. Moreover, Bailey Street is undergoing urban renewal projects that promise modernized infrastructure and increased commercial space, enhancing its appeal for businesses looking to establish or expand their presence in a dynamic city environment. Renting here combines tradition with growth potential, making it a prime choice for shop tenants seeking exposure in a prestigious and continuously developing neighborhood.

How much does it cost to rent a shop on Bailey Street, Hung Hom, Hong Kong?

The cost to rent a shop on Bailey Street in Hung Hom, Hong Kong typically ranges from HK$25 to HK$45 per square foot per month, depending on the specific location, size, and condition of the retail space. Bailey Street shop rental prices vary significantly based on factors such as proximity to the Hung Hom MTR station, foot traffic levels, and whether the property is located on the ground floor or upper levels. Small retail units of 200-500 square feet on Bailey Street generally command monthly rents between HK$8,000 to HK$20,000, while larger commercial spaces exceeding 1,000 square feet may cost HK$35,000 to HK$60,000 per month. The rental market in Hung Hom has remained relatively stable compared to prime Central or Causeway Bay locations, making Bailey Street an attractive option for small businesses and local retailers seeking affordable commercial space in Kowloon. Prospective tenants should also budget for additional costs including management fees, rates, government rent, and security deposits equivalent to 2-3 months rent when calculating the total cost of renting a shop on Bailey Street.

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

Bailey Street in Causeway Bay, Hong Kong experiences exceptionally high foot traffic throughout the day, making it one of the busiest pedestrian areas in the city. Located in the heart of Causeway Bay's prime shopping district, Bailey Street sees constant streams of shoppers, tourists, and office workers, with peak congestion typically occurring during lunch hours from 12pm to 2pm and evening shopping periods from 6pm to 9pm. The street's proximity to major shopping centers like Times Square, Sogo, and numerous flagship stores contributes to its heavy pedestrian flow, while its connection to Causeway Bay MTR station ensures continuous foot traffic from morning commuters to late-night shoppers. Weekends and public holidays see even higher volumes of foot traffic on Bailey Street, as both locals and international visitors flock to the area for shopping, dining, and entertainment, making it essential for businesses to prepare for crowded conditions and potentially longer walking times when navigating this bustling Causeway Bay thoroughfare.