Shops for Rent on Cheung Hong Street, Hong Kong

Why rent a shop on Cheung Hong Street, North Point, Hong Kong?

Renting a shop on Cheung Hong Street, Hong Kong, offers strategic advantages due to its central location in one of the city's busiest business and shopping districts. This area is well-served by multiple transportation options, including nearby MTR stations and ferry terminals, making it easily accessible for both customers and employees. Cheung Hong Street benefits from high foot traffic thanks to its proximity to prime office towers, major financial institutions, and vibrant retail and dining outlets, creating an ideal environment for retailers looking to maximize visibility and sales. Additionally, the presence of numerous multinational firms and luxury hotels in the vicinity adds a steady stream of affluent customers and business professionals, enhancing the potential for commercial success. Therefore, renting a shop here provides excellent exposure, connectivity, and access to a dynamic market in the heart of Hong Kong’s commercial hub.

How much does it cost to rent a shop on Cheung Hong Street, North Point, Hong Kong?

The cost to rent a shop on Cheung Hong Street, North Point, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month, depending on the shop size, location along the street, and current market conditions. Ground floor retail spaces on Cheung Hong Street generally command higher rental rates due to better foot traffic and visibility, while upper floor commercial units may be available at more affordable prices starting from HK$15,000 monthly. Factors affecting shop rental costs on Cheung Hong Street include proximity to the North Point MTR station, shop frontage width, interior condition, and nearby commercial developments. Small retail units of 200-400 square feet commonly rent for HK$30,000 to HK$50,000 per month, while larger commercial spaces exceeding 800 square feet can cost upwards of HK$60,000 monthly. Property management fees, government rates, and utility deposits are additional costs to consider when budgeting for a shop rental on Cheung Hong Street, and potential tenants should consult local real estate agents for current market rates and available properties in this popular North Point commercial area.

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

Cheung Hong Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when the area's numerous retail outlets, restaurants, and commercial establishments draw both locals and tourists. Located in one of Hong Kong's busiest shopping districts, Cheung Hong Street benefits from its proximity to major attractions like Times Square, SOGO department store, and the Fashion Walk, which significantly increases pedestrian flow during daytime and evening hours. The foot traffic on Cheung Hong Street typically peaks between 11 AM to 9 PM on weekdays and remains consistently busy throughout weekends, with the street serving as a connecting route between major shopping areas in Causeway Bay. Visitors can expect crowded sidewalks during lunch hours (12 PM to 2 PM) and dinner time (6 PM to 8 PM) when office workers and shoppers frequent the street's dining establishments, while late evening hours after 10 PM generally see reduced pedestrian activity on Cheung Hong Street.