Shops for Rent on First Street, Hong Kong

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

Renting a shop on First Street, Hong Kong, offers strategic benefits due to its prime location in Sai Ying Pun, an early and vibrant suburb steeped in history and urban development. First Street is conveniently situated near Central and Admiralty, two of Hong Kong's major business districts, making it an ideal spot for businesses seeking high foot traffic and accessibility. The street provides easy access via multiple transport options, including taxis and a green minibus route, which enhances customer reach. Additionally, First Street hosts a blend of retail shops, cafes, and local businesses, creating a dynamic commercial environment. This combination of historical significance, central location, and excellent connectivity makes First Street an attractive choice for renting retail space in Hong Kong.

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

The cost to rent a shop on First 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 First Street Sai Ying Pun command premium prices due to high foot traffic and excellent visibility, with smaller shops of 200-400 square feet averaging HK$30,000 to HK$45,000 monthly, while larger commercial units exceeding 800 square feet can reach HK$60,000 to HK$80,000 per month. Shop rental prices on First Street have remained relatively stable compared to Central and Causeway Bay, making Sai Ying Pun an attractive location for businesses seeking affordable Hong Kong retail space with good transport links via the MTR Island Line. Additional costs for renting a shop in Sai Ying Pun include management fees, rates, government rent, and utility deposits, which typically add 15-20% to the base rental cost. The area's growing popularity among young professionals and tourists has increased demand for retail spaces, with restaurants, cafes, and lifestyle boutiques being particularly successful on First Street Sai Ying Pun.

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

First 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 premier shopping district, First Street attracts thousands of locals and tourists daily who visit the numerous retail stores, restaurants, and entertainment venues lining the street. Peak foot traffic typically 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 major shopping centers like Times Square, SOGO, and numerous fashion boutiques contributes to its consistently heavy pedestrian flow. Visitors should expect crowded sidewalks, especially during Hong Kong's peak tourist seasons and major shopping events like seasonal sales. The high foot traffic on First Street Causeway Bay reflects the area's status as a major commercial hub and popular destination for both shopping and dining in Hong Kong's bustling Causeway Bay district.