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, Causeway Bay, Hong Kong?

Eastern 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, Eastern Street sees thousands of shoppers, tourists, and locals passing through daily, particularly during weekends and public holidays when foot traffic can reach peak levels. The street's proximity to major shopping centers like Times Square, SOGO, and numerous retail outlets contributes to the constant flow of pedestrians from early morning until late evening. Foot traffic on Eastern Street typically intensifies during lunch hours between 12-2 PM and evening shopping periods from 6-9 PM, while weekends generally see 30-50% higher pedestrian volumes compared to weekdays. The area's excellent connectivity via Causeway Bay MTR station and multiple bus routes ensures steady foot traffic from both local residents and international visitors exploring Hong Kong's premier shopping destination. Business owners and retailers on Eastern Street benefit significantly from this consistent high foot traffic, which ranks among the highest pedestrian densities in Hong Kong's commercial districts.