Shops for Rent on Prospect Place, Hong Kong

Why rent a shop on Prospect Place, Mid-Levels, Hong Kong?

Renting a shop on Prospect Place, Hong Kong, offers a strategic opportunity to position your business in a vibrant, upscale shopping and lifestyle destination. Prospect Place is located in the Admiralty district, one of Hong Kong's key commercial hubs, well-served by public transport including the Admiralty MTR station, ensuring high foot traffic from both office workers and tourists. The area is surrounded by luxurious malls such as Pacific Place, which hosts over 200 outlets featuring premium international brands, fine dining, and entertainment options. This ensures an affluent and diverse customer base. Moreover, the stylish and clean environment of Prospect Place, coupled with proximity to luxury hotels and office towers, creates an ideal setting for retailers seeking exposure to high-end consumers and professionals. Renting a shop here means benefiting from the area's prestige, convenience, and consistent flow of shoppers looking for quality goods and services.

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

The cost to rent a shop on Prospect Place in Mid-Levels, Hong Kong typically ranges from HK$80 to HK$150 per square foot per month, depending on the specific location, size, and condition of the retail space. Prospect Place shop rental prices are influenced by factors such as street-level visibility, foot traffic, proximity to the Mid-Levels escalator system, and the overall condition of the property. Ground floor retail units on Prospect Place generally command higher rental rates due to better accessibility and exposure, while smaller shops or those on upper floors may be available at the lower end of the price range. Mid-Levels Hong Kong shop rents have remained relatively stable in recent years, making Prospect Place an attractive option for retailers seeking premium location access without the premium prices of Central or Causeway Bay. Prospective tenants should also budget for additional costs including government rates, management fees, and security deposits equivalent to 2-3 months rent when calculating the total cost of renting retail space on Prospect Place.

What's the foot traffic like on Prospect Place, Causeway Bay, Hong Kong?

Prospect Place in Causeway Bay, Hong Kong experiences exceptionally high foot traffic throughout the day, making it one of the busiest pedestrian areas in the city. Located in the heart of Causeway Bay's prime shopping district, this street connects major retail destinations including Times Square, SOGO department store, and numerous fashion boutiques, resulting in constant streams of both local shoppers and international tourists. Peak foot traffic typically occurs during weekends, public holidays, and evening hours from 6 PM to 10 PM when office workers join leisure shoppers exploring the area's diverse dining and entertainment options. The pedestrian volume on Prospect Place is particularly intense during major shopping seasons such as Chinese New Year, Golden Week holidays, and Christmas, when the narrow sidewalks become densely packed with visitors navigating between luxury brands, local eateries, and street-level retail stores. Business owners and visitors should expect crowded conditions year-round, as Prospect Place serves as a crucial pedestrian thoroughfare linking Causeway Bay MTR station to the district's primary commercial zones, contributing to its reputation as one of Hong Kong's most congested but vibrant shopping streets.