Shops for Rent on Cadogan Street, Hong Kong

Why rent a shop on Cadogan Street, Kennedy Town, Hong Kong?

Renting a shop on Cadogan Street in Hong Kong offers a strategic commercial opportunity due to its prime location in Kennedy Town, a rapidly evolving neighborhood known for its blend of vibrant local culture and increasing foot traffic. Cadogan Street is situated close to trendy cafes, boutique stores, and popular dining spots, attracting a diverse customer base, including residents and tourists. The area benefits from improved accessibility thanks to the nearby MTR Island Line station, making it an ideal spot for retail and hospitality businesses seeking visibility and convenience. Additionally, rental properties on Cadogan Street come in a variety of sizes, accommodating different business needs in a competitive yet growing market. This combination of location, neighborhood development, and accessibility makes Cadogan Street an attractive choice for shop rental in Hong Kong.

How much does it cost to rent a shop on Cadogan Street, Kennedy Town, Hong Kong?

The cost to rent a shop on Cadogan Street in Kennedy Town, Hong Kong typically ranges from HK$25 to HK$45 per square foot per month, depending on the specific location, shop size, and current market conditions. Ground floor retail spaces on Cadogan Street generally command higher rental rates due to better visibility and foot traffic, with smaller shops around 200-500 square feet averaging HK$8,000 to HK$20,000 monthly, while larger commercial units can cost HK$30,000 to HK$60,000 per month. Kennedy Town has experienced significant gentrification and development in recent years following the MTR West Island Line extension, leading to increased rental prices for commercial properties. Factors affecting shop rental costs on Cadogan Street include proximity to the Kennedy Town MTR station, street-level accessibility, nearby amenities, lease terms, and the overall condition of the property. Prospective tenants should also budget for additional costs such as management fees, government rates, utility deposits, and potential key money or premium payments when calculating the total cost of renting retail space in this popular Hong Kong neighborhood.

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

Cadogan 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 attracts both locals and tourists exploring the vibrant Causeway Bay district. The pedestrian flow on Cadogan Street is significantly influenced by its proximity to major shopping destinations like Times Square, SOGO department store, and the numerous retail outlets that make Causeway Bay one of Hong Kong's busiest commercial areas. Foot traffic typically peaks during lunch hours from 12pm to 2pm when office workers frequent the street's restaurants and cafes, and again in the evening from 6pm to 9pm as shoppers and diners fill the area. Weekends and public holidays see the heaviest pedestrian activity on Cadogan Street, with crowds often spilling over from the main Causeway Bay shopping strips. The street's foot traffic patterns are also affected by its connection to the Causeway Bay MTR station, one of Hong Kong's busiest subway stops, which brings a steady stream of commuters and visitors throughout the day. Business owners and visitors to Cadogan Street should expect consistently busy conditions, especially during Hong Kong's peak tourist seasons and major shopping events.