Shops for Rent on Magazine Gap Road, Hong Kong

Why rent a shop on Magazine Gap Road, Mid-Levels, Hong Kong?

Renting a shop on Magazine Gap Road in Hong Kong offers exceptional benefits due to its prime location and accessibility. Magazine Gap Road is situated near prestigious and upscale residential areas such as The Peak and Mid-Levels, providing access to affluent customers and a sophisticated market. The area features excellent transport links with convenient bus and minibus stops, allowing easy access to major business districts like Central, Wan Chai, and Causeway Bay. Shops here benefit from serene surroundings combined with proximity to vibrant commercial hubs, making it ideal for businesses seeking high foot traffic from locals and tourists while maintaining an exclusive atmosphere. Additionally, the neighborhood is well-serviced and offers amenities that support both retail and lifestyle needs, enhancing the overall appeal for businesses looking to establish a premium presence in Hong Kong. This blend of accessibility, prestigious address, and a discerning customer base makes Magazine Gap Road a strategic and attractive location for retail rentals.

How much does it cost to rent a shop on Magazine Gap Road, Mid-Levels, Hong Kong?

Renting a shop on Magazine Gap Road in Mid-Levels, Hong Kong typically costs between HK$80 to HK$200 per square foot per month, depending on the exact location, size, and condition of the retail space. Prime ground-floor retail units with high foot traffic and excellent visibility can command premium rates of HK$150 to HK$200 per square foot monthly, while smaller or upper-floor commercial spaces may rent for HK$80 to HK$120 per square foot per month. Magazine Gap Road shop rental prices are influenced by factors such as proximity to residential complexes, accessibility to public transportation, parking availability, and the overall condition of the building. For a typical 500 to 1,000 square foot retail space on Magazine Gap Road, tenants can expect to pay monthly rents ranging from HK$40,000 to HK$200,000, plus additional costs including management fees, rates, government rent, and utility deposits. The Mid-Levels location offers excellent exposure to affluent residents and international expatriates, making Magazine Gap Road an attractive but premium-priced destination for retail businesses targeting high-income consumers in Hong Kong.

What's the foot traffic like on Magazine Gap Road, Causeway Bay, Hong Kong?

Magazine Gap Road in Causeway Bay, Hong Kong experiences moderate to heavy 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 pedestrian flow on Magazine Gap Road is consistently busy due to its strategic location connecting major commercial areas, with office workers, tourists, and local shoppers contributing to steady foot traffic from morning through evening. The road sees its highest pedestrian density between 11 AM and 9 PM, especially on weekends and public holidays when Causeway Bay attracts large crowds of both locals and international visitors exploring the vibrant shopping district. The foot traffic patterns on Magazine Gap Road are influenced by its proximity to MTR Causeway Bay Station, major department stores like SOGO, and popular dining establishments, making it one of the busier pedestrian corridors in this iconic Hong Kong shopping destination. During evening hours and late night, foot traffic gradually decreases but remains notable compared to other residential areas in Hong Kong due to the 24-hour nature of Causeway Bay's commercial activities.