Shops for Rent on Yuet Yuen Street, Hong Kong

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

Renting a shop on Yuet Yuen Street, Hong Kong, is an excellent choice due to its prime location in North Point, offering strong accessibility and visibility. Yuet Yuen Street is just a five-minute walk from Fortress Hill MTR Station, supported by multiple bus and minibus routes, making it convenient for both customers and staff to arrive from various parts of the city. This well-connected transport network ensures a steady flow of foot traffic, which is vital for retail success. Additionally, shops here benefit from the established community and commercial environment, contributing to business growth opportunities. The street's blend of local culture and urban convenience enhances its appeal for retailers seeking a dynamic and accessible location in Hong Kong.

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

The cost to rent a shop on Yuet Yuen Street in North Point, Hong Kong typically ranges from HK$30 to HK$80 per square foot per month, depending on the specific location, shop size, and current market conditions. Ground floor retail spaces on Yuet Yuen Street generally command higher rental rates due to better foot traffic and visibility, while upper floor commercial units may be available at more affordable rates. Factors affecting shop rental prices on Yuet Yuen Street include proximity to the North Point MTR station, the condition of the property, lease terms, and whether the unit faces the main street or is located in a side alley. Small retail shops of around 200-500 square feet may cost between HK$15,000 to HK$40,000 per month, while larger commercial spaces could range from HK$50,000 to HK$150,000 monthly. Prospective tenants should also budget for additional costs such as management fees, rates, government rent, utility deposits, and typically three months' rent as security deposit when signing a lease agreement for commercial property on Yuet Yuen Street in North Point.

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

Yuet Yuen 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 attracts both locals and tourists. Located in one of Hong Kong's busiest commercial districts, Yuet Yuen Street benefits from its proximity to major shopping centers like Times Square and Sogo, as well as the Causeway Bay MTR station, which generates consistent pedestrian flow. The street typically sees increased foot traffic during lunch hours as office workers from nearby buildings visit local restaurants and cafes, while evenings and weekends bring heavy crowds of shoppers exploring the numerous retail outlets, street food vendors, and entertainment venues. Peak foot traffic occurs during Hong Kong's shopping seasons, public holidays, and tourist peak periods, when Causeway Bay becomes one of the most congested pedestrian areas in the city. The street's foot traffic patterns are also influenced by weather conditions, with covered walkways and underground passages helping maintain steady pedestrian flow even during Hong Kong's rainy seasons.