Shops for Rent on Yu Chau Street, Hong Kong

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

Renting a shop on Yu Chau Street in Hong Kong offers a unique opportunity to be part of a vibrant creative and commercial hub known as Bead Street. This street specializes in beads, imitation jewelry, sewing supplies, ribbons, lace, and other crafty materials, attracting a niche market of DIY enthusiasts, artisans, and designers. Setting up a retail space here means tapping into a steady flow of customers who seek colorful, diverse, and affordable craft supplies, making it ideal for businesses focused on handmade goods and customized accessories. Additionally, Yu Chau Street’s location in Sham Shui Po connects you to a dynamic shopping district known for its lively markets and cultural character, increasing foot traffic and visibility for your shop. This combination of specialized products, targeted customers, and a bustling local environment makes Yu Chau Street an excellent choice for renting a shop if you want to grow your creative retail business in Hong Kong.

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

Renting a shop on Yu Chau Street in Mong Kok, Hong Kong typically costs between HK$80 to HK$200 per square foot per month, depending on the exact location, floor level, and shop condition. Ground floor retail spaces on Yu Chau Street command premium prices due to high foot traffic, with monthly rents ranging from HK$150,000 to HK$400,000 for shops sized between 500 to 2,000 square feet. Upper floor commercial units are generally more affordable, with monthly rents starting from HK$30,000 to HK$100,000 for similar sized spaces. The rental cost varies significantly based on proximity to Mong Kok MTR station, street visibility, and the type of business permitted under the lease agreement. Additionally, tenants should budget for a security deposit equivalent to 3-6 months rent, plus legal fees and agency commission typically ranging from one month's rent. Yu Chau Street's strategic location in the heart of Mong Kok's shopping district makes it a highly sought-after retail destination, which contributes to the premium rental rates compared to other streets in the area.

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

Yu Chau Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when locals and tourists flock to the nearby Times Square shopping mall and surrounding retail districts. The street serves as a key pedestrian thoroughfare connecting major attractions in Causeway Bay, resulting in steady pedestrian flow from morning until late evening. Foot traffic on Yu Chau Street typically peaks between 11 AM to 2 PM and again from 6 PM to 9 PM, coinciding with lunch breaks and after-work shopping periods when office workers and residents visit the numerous restaurants, cafes, and shops lining the street. During major shopping seasons like Chinese New Year, Christmas, and summer sales periods, Yu Chau Street sees significantly increased pedestrian activity as visitors navigate between Causeway Bay's major shopping destinations including Times Square, SOGO department store, and the Fashion Walk complex. The street's strategic location in one of Hong Kong's busiest commercial districts ensures consistent foot traffic year-round, making it an attractive location for retail businesses and restaurants targeting both local Hong Kong residents and international tourists exploring the vibrant Causeway Bay shopping area.