Shops for Rent on Rednaxela Terrace, Hong Kong

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

Renting a shop on Rednaxela Terrace, Hong Kong, offers strategic advantages thanks to its prime location in the vibrant Mid-Levels neighborhood. This pedestrian-only street is adjacent to the Central-Mid-Levels Escalator, providing excellent foot traffic and easy access to key commercial and entertainment areas like Central, Soho, and Lan Kwai Fong. The Rednaxela building itself, a well-established high-rise completed in 1998, features modern amenities including 24/7 security, a swimming pool, and a gymnasium, ensuring a secure and attractive environment for businesses. Its proximity to bustling business districts and popular nightlife spots makes Rednaxela Terrace an ideal choice for retail shops looking to capitalize on both local residents and visitors. Moreover, the area's historical significance and unique name add distinctive character, enhancing its appeal as a memorable shopping destination. Renting a shop here means benefiting from excellent accessibility, a lively community, and modern facilities, all crucial for business success in Hong Kong.

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

The cost to rent a shop on Rednaxela Terrace in Mid-Levels, Hong Kong varies significantly depending on the size, condition, and exact location of the retail space. Commercial rental prices on Rednaxela Terrace typically range from HK$80 to HK$200 per square foot per month, making a small 200-300 square foot shop cost approximately HK$16,000 to HK$60,000 monthly. Larger retail spaces of 500-800 square feet can command monthly rents between HK$40,000 to HK$160,000, while premium ground-floor locations with high foot traffic may reach even higher rates. The rental cost for shops on Rednaxela Terrace is influenced by factors such as proximity to the Mid-Levels escalator, street-level visibility, nearby amenities, and the overall condition of the building. Prospective tenants should also budget for additional costs including management fees, rates, government rent, and a security deposit equivalent to 2-3 months rent when calculating the total expense of renting commercial space on this popular Mid-Levels street in Hong Kong.

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

Rednaxela Terrace in Causeway Bay, Hong Kong experiences moderate foot traffic primarily consisting of local residents and visitors exploring the area's unique residential character. Located in one of Hong Kong's busiest shopping and commercial districts, this historic terrace street sees steady pedestrian flow throughout the day, though significantly less than the main thoroughfares like Russell Street or Hennessy Road nearby. The foot traffic on Rednaxela Terrace tends to peak during evening hours when residents return home and during weekends when tourists venture off the beaten path to discover this quirky street famous for its backwards spelling of "Alexander." While not as crowded as Causeway Bay's major shopping areas like Times Square or SOGO, the terrace attracts a consistent stream of curious visitors, photography enthusiasts, and locals accessing the residential buildings and small businesses along the street. The pedestrian activity is generally manageable and pleasant, making it an ideal location for those seeking a quieter experience while remaining connected to Causeway Bay's vibrant energy and excellent public transportation links.