Shops for Rent on North Point Road, Hong Kong

Why rent a shop on North Point Road, North Point, Hong Kong?

Renting a shop on North Point Road, Hong Kong, offers strategic advantages due to its prime location in a vibrant mixed-use urban area on Hong Kong Island. North Point Road benefits from high foot traffic as it sits between bustling neighborhoods like Causeway Bay and Tsat Tsz Mui, with easy access to public transport including the metro and ferry services. The area blends tradition and modernity, featuring popular destinations like street markets, local eateries, art spaces, and community attractions that draw both residents and tourists. This dynamic environment provides excellent exposure for retail businesses seeking diverse customer bases, making it an ideal choice for shop rental. Additionally, North Point’s historic and cultural appeal, combined with ongoing urban development, ensures sustained commercial growth and business opportunities.

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

The cost to rent a shop on North Point Road in North Point, Hong Kong varies significantly depending on location, size, and property condition, with monthly rental rates typically ranging from HK$15,000 to HK$80,000 for small to medium-sized retail spaces. Ground floor shops in prime locations along North Point Road command higher rents, often between HK$40 to HK$120 per square foot per month, while upper floor retail units offer more affordable options starting from HK$20 to HK$60 per square foot monthly. Factors affecting North Point Road shop rental costs include proximity to MTR stations, foot traffic volume, shop frontage width, and nearby commercial developments, with properties closer to North Point MTR station and major shopping areas generally commanding premium rates. Prospective tenants should budget for additional costs including management fees, rates, government rent, security deposits equivalent to 2-3 months rent, and potential key money or goodwill payments, making the total initial investment for renting a North Point Road shop substantially higher than the base monthly rent.

What's the foot traffic like on North Point Road, Causeway Bay, Hong Kong?

North Point Road in Causeway Bay, Hong Kong experiences exceptionally high foot traffic throughout the day, making it one of the busiest pedestrian areas in the city. As a major shopping and commercial district, Causeway Bay attracts millions of visitors daily, with North Point Road serving as a key thoroughfare connecting Times Square, SOGO department store, and numerous retail outlets. Peak foot traffic typically occurs during weekends, public holidays, and evening hours from 6 PM to 10 PM when both locals and tourists flock to the area for shopping, dining, and entertainment. The street's proximity to Causeway Bay MTR station, one of Hong Kong's busiest subway stops, contributes significantly to the constant flow of pedestrians. Business owners and retailers on North Point Road benefit from this heavy footfall, as the area consistently ranks among Hong Kong's top destinations for retail sales per square foot. During major shopping seasons like Chinese New Year and Christmas, foot traffic can increase by up to 30 percent, creating crowded sidewalks that require careful navigation. The pedestrian volume remains substantial even during weekday business hours due to office workers, shoppers, and the area's status as a central hub in Hong Kong's retail landscape.