Shops for Rent on Chico Terrace, Hong Kong

Why rent a shop on Chico Terrace, Mid-Levels, Hong Kong?

Renting a shop on Chico Terrace in Mid-Levels, Hong Kong offers exceptional business opportunities in one of the city's most prestigious residential neighborhoods. Located in the heart of Mid-Levels, Chico Terrace provides excellent foot traffic from affluent residents and visitors, making it an ideal location for upscale retail businesses, cafes, restaurants, and professional services. The area benefits from convenient transportation links, including nearby escalator access and bus routes, ensuring easy accessibility for customers throughout Hong Kong Island. Shop rental rates on Chico Terrace are competitive compared to Central and Causeway Bay, while still offering exposure to high-income demographics and expatriate communities. The Mid-Levels location provides a more relaxed shopping environment away from the crowded tourist areas, attracting locals who prefer quality retail experiences. Additionally, Chico Terrace shops benefit from the area's established reputation as a premium residential district, lending credibility and prestige to businesses operating in this sought-after Hong Kong location. The diverse mix of international residents and professionals in Mid-Levels creates opportunities for specialized retail concepts and services that cater to sophisticated consumer preferences.

How much does it cost to rent a shop on Chico Terrace, Mid-Levels, Hong Kong?

The cost to rent a shop on Chico Terrace in Mid-Levels, Hong Kong varies significantly depending on factors such as shop size, location within the street, and current market conditions. Ground floor retail spaces on Chico Terrace typically command premium rents due to the area's affluent residential population and high foot traffic, with monthly rental rates generally ranging from HK$80 to HK$200 per square foot for street-level commercial units. Smaller retail shops of approximately 300-500 square feet can expect monthly rents between HK$25,000 to HK$60,000, while larger commercial spaces may cost upwards of HK$100,000 per month. The Mid-Levels location offers excellent visibility and accessibility to both local residents and tourists, making Chico Terrace an attractive but expensive retail destination. Prospective tenants should also budget for additional costs including management fees, rates, government rent, and substantial security deposits that typically range from 3-6 months' rent, bringing the total initial investment for renting a shop on Chico Terrace to a considerable sum that reflects Hong Kong's premium commercial real estate market.

What's the foot traffic like on Chico Terrace, Causeway Bay, Hong Kong?

Chico Terrace in Causeway Bay, Hong Kong experiences moderate foot traffic throughout the day, with peak activity during lunch hours and evening periods when nearby office workers and residents frequent the area. Located in one of Hong Kong's busiest shopping and commercial districts, Chico Terrace benefits from the general high pedestrian flow that characterizes Causeway Bay, though it tends to be quieter than the main thoroughfares like Hennessy Road or Russell Street. The foot traffic on Chico Terrace consists primarily of local residents, office workers from surrounding buildings, and visitors accessing nearby restaurants and shops, with weekday traffic typically heavier than weekends due to its proximity to commercial offices. During major shopping seasons and holidays, foot traffic increases as tourists and shoppers explore the broader Causeway Bay area, though Chico Terrace itself remains more of a local access route rather than a primary tourist destination, making it ideal for those seeking a less crowded but still accessible location in this vibrant Hong Kong district.