Shops for Rent on Sai Cheung Street North, Hong Kong

Why rent a shop on Sai Cheung Street North, Kennedy Town, Hong Kong?

Renting a shop on Sai Cheung Street North in Hong Kong offers a strategic location for retail businesses due to its accessibility and vibrant commercial environment. This street is well-connected, including tram transportation, making it convenient for both customers and staff to reach the store. The area supports a variety of retail uses on low floors, which are ideal for shops aiming for high visibility and foot traffic. Choosing Sai Cheung Street North allows business owners to benefit from the dynamic Western District atmosphere, where retail activity thrives and diverse customer bases are attracted. This makes it a compelling option for entrepreneurs seeking to establish or expand their retail presence in Hong Kong.

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

The cost to rent a shop on Sai Cheung Street North in Kennedy Town, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month, depending on the size, location within the street, and condition of the property. Ground floor retail spaces in this area generally command higher rents due to better foot traffic and visibility, with prime locations near the Kennedy Town MTR station fetching premium prices. Smaller shops of around 300-500 square feet may rent for HK$25,000 to HK$40,000 monthly, while larger retail units exceeding 800 square feet can cost HK$50,000 to HK$80,000 or more per month. Factors affecting rental prices on Sai Cheung Street North include proximity to public transportation, surrounding businesses, shop frontage width, and lease terms. Prospective tenants should also budget for additional costs such as management fees, rates, government rent, and security deposits equivalent to 2-3 months rent when planning to lease commercial space in Kennedy Town. It is advisable to consult with local commercial real estate agents who specialize in Kennedy Town properties for the most current market rates and available shop listings on Sai Cheung Street North.

What's the foot traffic like on Sai Cheung Street North, Causeway Bay, Hong Kong?

Sai Cheung Street North in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when visitors flock to the nearby Times Square shopping mall and surrounding retail outlets. The street serves as a key pedestrian thoroughfare connecting major shopping destinations in Causeway Bay, resulting in steady pedestrian flow from both local residents and international tourists exploring the area's famous shopping and dining scene. Foot traffic typically peaks during lunch hours from 12pm to 2pm when office workers from nearby commercial buildings visit local restaurants, and again in the evening from 6pm to 9pm as shoppers and diners explore the vibrant Causeway Bay district. The street's proximity to the Causeway Bay MTR station and its position within Hong Kong's premier shopping district ensures consistent pedestrian activity, making it an attractive location for retail businesses and restaurants looking to capitalize on the high visitor numbers that characterize this bustling area of Hong Kong Island.