Shops for Rent on Shipyard Lane, Hong Kong

Why rent a shop on Shipyard Lane, Quarry Bay, Hong Kong?

Renting a shop on Shipyard Lane in Hong Kong offers a unique opportunity to establish a business in the dynamic Quarry Bay district, known for its blend of commercial, industrial, and residential spaces. Shipyard Lane is strategically located near major business hubs like One Island East and Taikoo Place, providing access to a diverse and high-traffic customer base. This area is currently evolving, with significant commercial development underway, including a large new project planned at 8 Shipyard Lane, signaling strong future growth potential. Renting here allows businesses to benefit from proximity to established financial and corporate tenants while taking advantage of the industrial heritage and emerging commercial revitalization of Shipyard Lane, making it ideal for retailers seeking a vibrant yet transitional neighborhood in Hong Kong Island’s Eastern District.

How much does it cost to rent a shop on Shipyard Lane, Quarry Bay, Hong Kong?

The cost to rent a shop on Shipyard Lane in Quarry Bay, Hong Kong typically ranges from HKD 80 to HKD 200 per square foot per month, depending on the specific location, shop size, and property condition. Ground floor retail spaces on Shipyard Lane generally command higher rental rates due to better visibility and foot traffic, while upper floor commercial units may be more affordable for businesses seeking lower overhead costs. Factors influencing shop rental prices on Shipyard Lane include proximity to the MTR station, building age, available amenities, and lease terms, with most landlords requiring a security deposit equivalent to 2-3 months rent plus the first month's rent in advance. For the most current Shipyard Lane shop rental rates in Quarry Bay, potential tenants should consult with local commercial real estate agents who specialize in Hong Kong retail properties, as market conditions and availability can fluctuate significantly based on economic factors and seasonal demand.

What's the foot traffic like on Shipyard Lane, Causeway Bay, Hong Kong?

Shipyard Lane in Causeway Bay, Hong Kong experiences moderate to heavy foot traffic throughout the day, particularly during peak shopping hours and weekends when the area's proximity to major retail destinations like Times Square and Sogo department store draws significant pedestrian flow. As a connecting street in one of Hong Kong's busiest commercial districts, Shipyard Lane sees steady movement of both locals and tourists navigating between the numerous shopping centers, restaurants, and office buildings that define Causeway Bay's landscape. The foot traffic typically intensifies during lunch hours from 12-2 PM and evening periods from 6-9 PM when office workers and shoppers frequent the area, while weekends generally maintain consistently high pedestrian volumes due to Causeway Bay's status as a premier shopping and dining destination. The lane's strategic location near MTR Causeway Bay Station and major bus routes ensures continuous pedestrian activity, making it a viable location for retail businesses seeking exposure to Hong Kong's dynamic urban foot traffic patterns.