Shops for Rent on Eastern Street North, Hong Kong

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

Renting a shop on Eastern Street North, Hong Kong offers a strategic location in the vibrant Sai Ying Pun area on Hong Kong Island. This street serves as a direct route from the Mid-Levels to Victoria Harbour, providing excellent foot traffic and visibility for retail businesses. Eastern Street North extends to popular spots like Sun Yat Sen Memorial Park and the Western Park Indoor Games Hall, attracting both locals and tourists. Its historic significance as part of a planned early development of Victoria City adds character and appeal. The proximity to major roads and public transport links further boosts accessibility, making it an ideal choice for shop owners looking to capitalize on an established commercial area with growing urban infrastructural advantages.

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

The cost to rent a shop on Eastern Street North 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 North generally command higher rental prices due to better foot traffic and visibility, with premium locations near MTR stations or busy intersections fetching rates at the upper end of this range. Smaller shops of around 200-400 square feet may rent for HK$25,000 to HK$45,000 monthly, while larger retail units exceeding 800 square feet can cost HK$60,000 to HK$80,000 or more per month. Factors affecting Eastern Street North shop rental costs include proximity to Sai Ying Pun MTR station, building age, street-level accessibility, and local competition from nearby commercial areas. Additional costs for renting a shop in Sai Ying Pun include management fees, rates, utilities, and potential key money or security deposits, which can add 10-20% to the base monthly rent, making it essential for prospective tenants to budget accordingly when considering retail space on Eastern Street North.

What's the foot traffic like on Eastern Street North, Causeway Bay, Hong Kong?

Eastern Street North 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 premier shopping district, this street connects major retail destinations including Times Square, SOGO department store, and numerous fashion boutiques, resulting in consistent crowds of both locals and tourists. Peak foot traffic occurs during weekends, public holidays, and evening hours between 6 PM to 10 PM when office workers and shoppers converge on the area. The street's proximity to Causeway Bay MTR station, one of Hong Kong's busiest subway stops, contributes significantly to the constant flow of pedestrians. During major shopping events like seasonal sales or festivals, Eastern Street North can become extremely congested with shoulder-to-shoulder crowds, particularly near popular retail entrances and crosswalks. Business owners and visitors should expect heavy pedestrian congestion year-round, with slightly reduced traffic only during early morning hours before 10 AM and late night after 11 PM.