Shops for Rent on Yau Man Street, Hong Kong

Why rent a shop on Yau Man Street, Quarry Bay, Hong Kong?

Renting a shop on Yau Man Street in Hong Kong offers a strategic advantage due to its prime location within the vibrant Yau Tsim Mong District, known for its dense population, diverse cultural mix, and bustling commercial activity. This area combines historical heritage with modern shopping and entertainment venues, attracting a steady flow of local residents, tourists, and shoppers, which is ideal for retail businesses seeking high foot traffic. Yau Man Street's proximity to major shopping centers, night markets, and tourist landmarks creates excellent visibility and accessibility, making it a lucrative spot for business growth and brand exposure. Additionally, the district's dynamic environment supports a variety of retail formats, catering to both luxury and everyday consumer markets, enhancing the potential for rental shops to thrive in a competitive urban setting.

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

The cost to rent a shop on Yau Man 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 condition of the property. Ground floor retail spaces on Yau Man Street generally command higher rents due to better foot traffic and visibility, with premium locations near the MTR station or main intersections potentially reaching HK$50 per square foot monthly. Smaller shops of 200-500 square feet may expect monthly rents between HK$8,000 to HK$22,500, while larger retail units exceeding 1,000 square feet could cost HK$35,000 to HK$50,000 per month. Additional costs for renting a shop on Yau Man Street include management fees, rates, government rent, and utility deposits, which typically add 15-20% to the base rental cost. The rental market in Quarry Bay has remained relatively stable compared to Central or Causeway Bay, making Yau Man Street an attractive option for small businesses and local retailers seeking affordable commercial space in a well-connected area with good public transport links and residential density.

What's the foot traffic like on Yau Man Street, Causeway Bay, Hong Kong?

Yau Man Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when locals and tourists frequent the nearby Times Square shopping mall and surrounding retail establishments. The pedestrian flow on Yau Man Street is consistently busy due to its strategic location connecting major commercial areas in Causeway Bay, with heaviest congestion typically occurring between 11 AM to 9 PM when office workers, shoppers, and dining enthusiasts navigate between the street's restaurants, cafes, and business centers. As one of the key thoroughfares in this prime Hong Kong shopping district, Yau Man Street sees increased foot traffic during lunch hours as office workers from nearby buildings seek dining options, and again during evening hours when the street's popular restaurants and bars attract both local residents and international visitors exploring Causeway Bay's vibrant nightlife and culinary scene.