Shops for Rent on Pan Hoi Street, Hong Kong

Why rent a shop on Pan Hoi Street, Quarry Bay, Hong Kong?

Pan Hoi Street in Quarry Bay, Hong Kong offers exceptional commercial rental opportunities for businesses seeking prime retail locations in one of the city's most dynamic districts. This strategic location provides excellent foot traffic from nearby residential complexes, office buildings, and the popular Cityplaza shopping mall, ensuring consistent customer flow throughout the day. Renting a shop on Pan Hoi Street gives businesses access to excellent transportation links through Tai Koo MTR station and multiple bus routes, making it easily accessible for both customers and employees. The area attracts a diverse mix of locals, expatriates, and tourists, creating a varied customer base ideal for restaurants, retail stores, and service businesses. Pan Hoi Street's proximity to major corporate offices in Quarry Bay and Taikoo Place generates strong lunchtime and after-work business, while competitive rental rates compared to Central or Causeway Bay make it an attractive option for small to medium enterprises. The street's established commercial infrastructure, reliable utilities, and supportive business environment, combined with Hong Kong's favorable business regulations and low tax rates, make Pan Hoi Street an ideal location for entrepreneurs and established businesses looking to expand their presence in Hong Kong's thriving Eastern District market.

How much does it cost to rent a shop on Pan Hoi Street, Quarry Bay, Hong Kong?

The cost to rent a shop on Pan Hoi Street in Quarry Bay, Hong Kong typically ranges from HK$25 to HK$45 per square foot per month, depending on the specific location, shop size, and ground floor accessibility. Ground floor retail spaces on Pan Hoi Street command higher rents due to better visibility and foot traffic, with prime corner units potentially reaching HK$50 per square foot monthly. Smaller shops of 200-500 square feet generally rent for HK$15,000 to HK$35,000 per month, while larger retail spaces exceeding 1,000 square feet can cost HK$40,000 to HK$80,000 monthly. The rental rates on Pan Hoi Street have remained relatively stable compared to other Quarry Bay commercial areas, making it an attractive option for small businesses and restaurants. Additional costs include management fees, rates, government rent, and typically a two to three month security deposit, with most landlords requiring tenants to pay the first month's rent in advance when signing the lease agreement.

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

Pan Hoi Street in Causeway Bay, Hong Kong experiences exceptionally high foot traffic throughout the day, making it one of the busiest pedestrian areas in the city. Located in the heart of Causeway Bay's prime shopping district, Pan Hoi Street connects major retail destinations including Times Square, SOGO department store, and numerous fashion boutiques, resulting in continuous streams of shoppers, tourists, and local residents. Peak foot traffic occurs during weekends, public holidays, and evening hours from 6 PM to 9 PM when office workers join leisure shoppers exploring the area's restaurants and entertainment venues. The street's proximity to Causeway Bay MTR station, one of Hong Kong's busiest subway stops, contributes significantly to the constant pedestrian flow as commuters and visitors use Pan Hoi Street as a main thoroughfare. During major shopping seasons like Christmas, Chinese New Year, and summer sales periods, foot traffic on Pan Hoi Street can become extremely congested, with walking speeds reduced to a slow pace due to the sheer volume of people navigating the narrow sidewalks and crossing points.