Shops for Rent on Eastern Street, Hong Kong

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

Renting a shop on Eastern Street, Hong Kong, offers a strategic location in the historic Sai Ying Pun area on Hong Kong Island, known for its mix of traditional and modern urban vibes. Eastern Street runs from the Mid-Levels down to the harbor, connecting various key roads and bustling neighborhoods, making it an ideal spot to attract both local residents and visitors. Its proximity to public transport, business districts, and recreational areas like Sun Yat Sen Memorial Park provides excellent foot traffic and visibility. Additionally, this street’s steep incline and accessibility to diverse shopping and dining options in the nearby central areas make it attractive for retailers seeking a distinctive yet well-connected retail space in one of Hong Kong’s early developed neighborhoods. Renting here enables businesses to tap into both the historical charm and dynamic commercial flow unique to Sai Ying Pun and adjacent districts.

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

The cost to rent a shop on Eastern 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 property. Ground floor retail spaces on Eastern Street generally command higher rental rates due to better visibility and foot traffic, with prices averaging between HK$40 to HK$120 per square foot monthly. Smaller shops of around 300-500 square feet may cost between HK$30,000 to HK$50,000 monthly, while larger retail units exceeding 800 square feet can reach HK$70,000 or more per month. Eastern Street's proximity to the University of Hong Kong and its position as a developing commercial area in Sai Ying Pun makes it an attractive location for retailers, though rental costs have increased in recent years due to urban redevelopment and improved transport links. Potential tenants should also factor in additional costs such as management fees, rates, government rent, and renovation expenses when budgeting for a shop rental on Eastern Street.

What's the foot traffic like on Eastern Street, Sai Ying Pun, Hong Kong?

Eastern Street is in Sai Ying Pun, a residential neighbourhood west of Sheung Wan, served by Sai Ying Pun MTR station and the trams on Des Voeux Road West. The area is known for its dried seafood shops and for the cafes and small restaurants around High Street, Second Street and Third Street. Foot traffic varies from street to street: Des Voeux Road West, Queen's Road West and the streets near the MTR exits see the most pedestrians, while steeper streets uphill are quieter. Check the shop listings on this page and contact Hollies for street-level detail on Eastern Street.