Shops for Rent on Forbes Street, Hong Kong

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

Renting a shop on Forbes Street, Hong Kong, offers unique advantages driven by its dynamic location in Kennedy Town, a neighborhood known for its recent transformation and vibrant atmosphere. Forbes Street has undergone extensive gentrification, replacing old garages and traditional shops with trendy restaurants and retail outlets, attracting both locals and tourists seeking stylish dining and shopping experiences. The street is also famous for its iconic century-old banyan trees growing along historic stone masonry walls, creating a distinctive urban natural charm that draws photographers and visitors alike. Its proximity to Kennedy Town MTR station and waterfront attractions like Belcher Bay Promenade enhances foot traffic and visibility, making it an excellent spot for businesses looking to capitalize on a mix of residential, leisure, and cultural appeal in a rapidly evolving district. This blend of historical character, modern lifestyle, and strong connectivity makes Forbes Street an attractive location for retail entrepreneurs aiming to establish a presence in one of Hong Kong’s trendiest and most accessible neighborhoods.

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

The cost to rent a shop on Forbes Street in Kennedy Town, Hong Kong typically ranges from HKD 35 to HKD 80 per square foot per month, depending on the specific location, shop size, and condition of the property. Ground floor retail spaces on Forbes Street generally command higher rents due to better visibility and foot traffic, with prime locations near the Kennedy Town MTR station often reaching the upper end of this price range. Smaller shops of 200-500 square feet may cost between HKD 15,000 to HKD 25,000 monthly, while larger retail units exceeding 1,000 square feet can range from HKD 50,000 to HKD 80,000 per month. Factors affecting Forbes Street shop rental prices include proximity to public transportation, nearby amenities, shop frontage width, ceiling height, and overall market conditions in Kennedy Town's commercial district. Prospective tenants should also budget for additional costs such as management fees, rates and government rent, utilities, and potential renovation expenses when calculating the total cost of renting a shop on Forbes Street.

What's the foot traffic like on Forbes Street, Kennedy Town, Hong Kong?

Forbes Street is in Kennedy Town, at the western end of Hong Kong Island, served by Kennedy Town MTR station and the tram terminus. Since the MTR opened, the area has become a popular residential neighbourhood with many cafes and restaurants near the waterfront, and it is close to the University of Hong Kong. Foot traffic varies from street to street: roads near the MTR station, the tram line and the harbourfront see the most pedestrians, while streets uphill are quieter. Check the shop listings on this page and contact Hollies for street-level detail on Forbes Street.