Shops for Rent on Whitty Street, Hong Kong

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

Renting a shop on Whitty Street, Hong Kong, offers strategic advantages due to its vibrant location in Shek Tong Tsui on Hong Kong Island. Whitty Street is well connected, with close proximity to HKU MTR station, ensuring easy access for both locals and tourists. The street features a mix of historical charm and modern retail spaces, attracting diverse foot traffic. It is home to various trendy shops, dining options, and shopping centers like Chong Yip Plaza, making it a desirable spot for businesses seeking visibility and a dynamic customer base. The blend of accessibility, community, and commercial activity makes Whitty Street an excellent choice for retail rental in Hong Kong.

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

The cost to rent a shop on Whitty Street in Sai Ying Pun, Hong Kong varies significantly depending on the size, location, and condition of the property. Ground floor retail spaces on Whitty Street typically range from HK$25,000 to HK$80,000 per month for smaller units between 200-800 square feet, while larger premium locations can command monthly rents exceeding HK$100,000. Sai Ying Pun has experienced considerable gentrification in recent years following the opening of the MTR station, leading to increased rental prices for commercial properties. Shops closer to the MTR station entrance or main road intersections generally attract higher rents due to increased foot traffic and visibility. Additional costs for Whitty Street shop rentals include management fees, rates, government rent, utility deposits, and often require a security deposit equivalent to 2-3 months rent plus key money. The rental market in Sai Ying Pun remains competitive due to the area's growing popularity among young professionals and tourists, making Whitty Street an attractive location for restaurants, cafes, boutiques, and service businesses seeking to establish a presence in this vibrant Western District neighborhood.

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

Whitty Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, making it a bustling commercial area popular with both locals and tourists. Located in one of Hong Kong's premier shopping districts, Whitty Street connects to major attractions like Times Square and is surrounded by numerous retail outlets, restaurants, and entertainment venues that draw consistent pedestrian flow. The street typically sees peak foot traffic during lunch hours between 12-2 PM and evening hours from 6-9 PM when office workers and shoppers frequent the area. Weekends generally bring heavier pedestrian activity as tourists and local families visit Causeway Bay for shopping and dining experiences. The proximity to Causeway Bay MTR station ensures steady foot traffic as commuters and visitors use Whitty Street as a transit route to reach various destinations in the district. During major shopping seasons like Chinese New Year and Christmas, foot traffic on Whitty Street significantly increases, with the area becoming particularly crowded as people take advantage of seasonal sales and festive activities in nearby shopping centers.