Shops for Rent on Water Street, Hong Kong

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

Renting a shop on Water Street in Hong Kong offers a strategic location in the bustling Sai Ying Pun district, benefiting from its proximity to major roads like Connaught Road and Queen's Road West. This area combines a rich local history with a vibrant community atmosphere, making it an attractive spot for businesses seeking exposure to both residents and commuters. Water Street's diverse units within eight buildings provide flexible rental options suitable for various types of retail and services. Additionally, the street's blend of traditional and modern elements supports foot traffic from locals and professionals alike, creating potential for steady customer engagement. Its location within the Central and Western District further enhances business visibility and accessibility in one of Hong Kong's dynamic urban neighborhoods. These factors make Water Street a compelling choice for merchants aiming to establish a presence in a culturally rich and economically active part of the city.

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

The cost to rent a shop on Water Street in Sai Ying Pun, Hong Kong typically ranges from HK$30,000 to HK$80,000 per month, depending on the size, location, and condition of the retail space. Ground floor shops with street-facing frontage on Water Street generally command higher rental prices, often between HK$50 to HK$120 per square foot, while upper floor commercial units may be available at more affordable rates starting from HK$25 to HK$40 per square foot. Factors affecting shop rental costs on Water Street include proximity to the MTR station, foot traffic levels, shop size ranging from 200 to 1,000 square feet, and whether the unit includes fixtures or requires renovation. Small retail spaces of 200-400 square feet typically rent for HK$30,000 to HK$50,000 monthly, while larger shops exceeding 800 square feet can cost upwards of HK$70,000 per month. Additional costs for renting a shop on Water Street may include management fees, rates, government rent, and a security deposit equivalent to 2-3 months rent, making the total initial investment for shop rental in Sai Ying Pun approximately 4-6 months of the monthly rental fee.

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

Water 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, Water Street attracts millions of visitors annually due to its proximity to major shopping destinations like Times Square, SOGO department store, and numerous luxury retail outlets. Peak foot traffic typically occurs during weekends, public holidays, and evening hours between 6 PM to 10 PM when both locals and tourists flock to the area for shopping, dining, and entertainment. The street's pedestrian volume is particularly intense during major shopping seasons such as Chinese New Year, summer sales periods, and Christmas, when foot traffic can reach capacity levels that require crowd control measures. Business owners and retailers on Water Street benefit from this consistent high-density foot traffic, which translates to excellent visibility and customer engagement opportunities. The area's accessibility via Causeway Bay MTR station further contributes to the substantial pedestrian flow, with thousands of commuters and shoppers passing through Water Street daily as they navigate between the subway system and the district's numerous commercial establishments.