Shops for Rent on Arran Street, Hong Kong

Why rent a shop on Arran Street, Mong Kok, Hong Kong?

Renting a shop on Arran Street, Hong Kong provides a strategic business opportunity due to its prime location in the bustling Mong Kok area, known for high foot traffic and proximity to key transportation hubs like the Prince Edward MTR station just a five-minute walk away. The street offers flexible retail and showroom spaces ideal for businesses seeking visibility and access within one of Hong Kong’s vibrant commercial districts. With convenient access to public transport including MTR, buses, and taxis, a shop on Arran Street ensures excellent connectivity for both customers and suppliers. Additionally, buildings such as Arran Tower provide varied commercial spaces suitable for industrial, retail, or office use, making Arran Street a versatile and attractive spot for diverse business ventures. This combination of location, accessibility, and flexibility makes renting on Arran Street a smart choice for businesses aiming to grow in Hong Kong’s competitive market.

How much does it cost to rent a shop on Arran Street, Mong Kok, Hong Kong?

The cost to rent a shop on Arran Street in Mong Kok, Hong Kong typically ranges from HK$80 to HK$200 per square foot per month, depending on the specific location, floor level, and shop condition. Ground floor retail spaces on Arran Street Mong Kok command premium rates due to high foot traffic and excellent visibility, with prime locations potentially reaching HK$250 per square foot monthly. Upper floor shops generally offer more affordable rental options, starting from around HK$60 per square foot per month. Factors affecting Arran Street shop rental prices include proximity to MTR stations, shop size, lease terms, and current market conditions in the competitive Mong Kok retail district. Business owners looking to rent commercial space on Arran Street should budget for additional costs including management fees, rates, government rent, and utility deposits, which can add 15-25% to the base rental cost. Given Mong Kok's status as one of Hong Kong's busiest shopping areas, Arran Street retail rental prices have remained relatively stable despite market fluctuations, making it an attractive location for businesses targeting both local residents and tourists.

What's the foot traffic like on Arran Street, Causeway Bay, Hong Kong?

Arran Street in Causeway Bay, Hong Kong experiences moderate to heavy foot traffic throughout the day, particularly during peak shopping hours and weekends when locals and tourists frequent the nearby Times Square shopping complex and surrounding retail areas. The street connects key commercial zones in Causeway Bay, making it a popular thoroughfare for pedestrians traveling between major shopping destinations, restaurants, and the Causeway Bay MTR station. Foot traffic typically increases significantly during lunch hours as office workers from nearby buildings visit local eateries, and during evening hours when the area transforms into a bustling nightlife district. Weekend foot traffic on Arran Street tends to be consistently high due to Causeway Bay's reputation as one of Hong Kong's premier shopping districts, with pedestrian flow peaking during afternoon and early evening hours when both domestic shoppers and international visitors explore the area's numerous boutiques, department stores, and dining establishments.