Shops for Rent on First Street, Hong Kong
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Shop rents on First Street at a glance
- Shops available
- 4
- Typical monthly rent
- HK$35k–55k
- middle half of listings
- Median rent per sq ft
- HK$52
- Median size
- 670 sq ft
Hollies has 4 shops for rent on First Street, Sai Ying Pun. 3 are under 1,000 sq ft, and 1 is over 3,000 sq ft.
Based on the 4 listings with a published monthly rent. Updated September 2026.
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, Sai Ying Pun, Hong Kong?
First Street is a residential street in Sai Ying Pun, running parallel to Second Street and Third Street and crossed by lanes such as Centre Street and Western Street. Foot traffic is local and steady, made up of residents, commuters using Sai Ying Pun MTR station and people visiting the area's growing number of cafes and restaurants. Flow is strongest in the morning, at lunchtime and in the evening, and weekends bring more visitors looking for brunch or coffee. The neighbourhood has a mix of older tenement buildings and newer residential towers, giving it a relaxed, community feel. The street suits cafes, bakeries, casual dining and small lifestyle shops aimed at local residents.
Sai Ying Pun neighbourhood guide
What Sai Ying Pun is like as a location for shops, restaurants and offices. Read the guide →
