Shops for Rent on Kai Yuen Street, Hong Kong

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

Renting a shop on Kai Yuen Street, Hong Kong, offers a unique opportunity to establish a business in a historically rich and tranquil neighborhood in North Point. The area is known for its quiet environment, away from the busy main roads, and benefits from good security and a friendly community. With ongoing redevelopment projects by major developers like New World Development, Kai Yuen Street is evolving with new residential and commercial spaces, attracting both local residents and visitors. This blend of serene atmosphere, historical significance, and emerging modern infrastructure makes Kai Yuen Street an attractive location for retail businesses seeking a balance of peaceful surroundings and access to a growing local customer base. Moreover, the street’s proximity to private housing estates and its location on a hill add to its appeal for shops looking to serve a residential clientele with potential for stable foot traffic. Renting a shop here means positioning your business in a historically meaningful yet developing area that can offer long-term growth potential in Hong Kong’s dynamic property and retail market.

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

The cost to rent a shop on Kai Yuen Street in North Point, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month, depending on the size, location within the street, and current market conditions. Ground floor retail spaces on Kai Yuen Street North Point generally command higher rents due to better foot traffic and visibility, with prime locations near the North Point MTR station or main intersections fetching premium prices. Shop rental costs in this area are influenced by factors including the property's square footage, street frontage, nearby amenities, and the overall commercial activity in the North Point district. Smaller retail units of 200-400 square feet may rent for HK$25,000 to HK$45,000 monthly, while larger commercial spaces exceeding 800 square feet can cost HK$60,000 to HK$80,000 or more per month. Prospective tenants should also budget for additional expenses such as management fees, utilities, and the standard three-month deposit required for most Hong Kong commercial lease agreements when considering shop rental on Kai Yuen Street North Point.

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

Kai Yuen Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when visitors flock to the nearby Times Square shopping mall and Causeway Bay shopping district. The foot traffic on Kai Yuen Street is significantly influenced by its strategic location connecting major retail areas, with pedestrian flow typically increasing from late morning through evening hours as both locals and tourists navigate between the bustling shopping centers, restaurants, and commercial establishments in Causeway Bay. While not as densely packed as the main Hennessy Road or Russell Street corridors, Kai Yuen Street still maintains steady pedestrian activity due to its proximity to the Causeway Bay MTR station and its role as a connector street within one of Hong Kong's premier shopping and dining districts, making it an important thoroughfare for both business foot traffic and leisure shoppers exploring the vibrant Causeway Bay area.