Shops for Rent on Chiu Kwong Street, Hong Kong

Why rent a shop on Chiu Kwong Street, Sai Ying Pun, Hong Kong?

Renting a shop on Chiu Kwong Street in Hong Kong offers a strategic location advantage, as it is situated just four minutes from Sai Ying Pun MTR Station, ensuring excellent accessibility for customers and employees. The area benefits from a well-established community in the Central and Western District, known for its vibrant mix of residential and commercial spaces, providing a steady flow of foot traffic and potential clientele. Additionally, properties on Chiu Kwong Street are part of a mature neighborhood with nearby schools and amenities, making it an appealing spot for retail or service businesses. The street’s proximity to major transport links and its position within a busy district make it an ideal choice for shop rentals aiming for visibility and convenience in Hong Kong.

How much does it cost to rent a shop on Chiu Kwong Street, Sai Ying Pun, Hong Kong?

The cost to rent a shop on Chiu Kwong Street in Sai Ying Pun, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month, depending on the size, location, and condition of the retail space. Ground floor shops on Chiu Kwong Street command premium rental rates due to high foot traffic and excellent visibility, with smaller units of 200-400 square feet averaging HK$30,000 to HK$50,000 monthly, while larger commercial spaces exceeding 600 square feet can reach HK$60,000 to HK$80,000 per month. Rental prices on Chiu Kwong Street have remained competitive within the Sai Ying Pun district due to the area's growing popularity among young professionals and the street's proximity to the MTR station and major transportation links. Additional costs for renting a shop on Chiu Kwong Street include management fees ranging from HK$15 to HK$25 per square foot annually, utility deposits, and typically three months' rent as security deposit, making the total initial investment for a retail space rental approximately four to five times the monthly rent amount.

What's the foot traffic like on Chiu Kwong Street, Causeway Bay, Hong Kong?

Chiu Kwong Street in Causeway Bay, Hong Kong experiences moderate foot traffic throughout the day, with peak pedestrian activity typically occurring during lunch hours and evening shopping periods when office workers and tourists visit the nearby retail establishments and restaurants. Located in one of Hong Kong's busiest shopping districts, Chiu Kwong Street connects to major thoroughfares like Hennessy Road and benefits from its proximity to popular destinations such as Times Square and Sogo department store, resulting in steady pedestrian flow especially on weekends and holidays. The foot traffic on Chiu Kwong Street Causeway Bay is generally lighter compared to the main shopping arteries like Russell Street or Percival Street, but remains consistent due to its strategic location serving both residential buildings and commercial establishments. Visitors to Chiu Kwong Street Hong Kong can expect busier conditions during traditional shopping hours from 11 AM to 9 PM, with relatively quieter periods in the early morning and late evening hours, making it an accessible location for both business and leisure activities in the heart of Causeway Bay.