Shops for Rent on Wilmer Street, Hong Kong

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

Renting a shop on Wilmer Street in Hong Kong offers a prime retail opportunity in the vibrant Sai Ying Pun area, known for its blend of traditional charm and modern urban living. Wilmer Street is strategically located near major MTR stations and bustling neighborhoods, ensuring high foot traffic and excellent visibility for retail businesses. Shops here benefit from a diverse local customer base and proximity to commercial hubs, making it an ideal location for entrepreneurs seeking to establish or expand their presence in Hong Kong’s competitive market. Additionally, Wilmer Street offers a variety of commercial spaces, from small boutique shops to larger retail units, catering to different business needs and budgets. Choosing to rent a shop on Wilmer Street aligns with the growing demand for accessible, well-located retail spaces on Hong Kong Island.

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

The cost to rent a shop on Wilmer Street in Sai Ying Pun, Hong Kong varies significantly depending on the size, location, and condition of the property. Ground floor retail spaces on Wilmer Street typically range from HK$25,000 to HK$80,000 per month for smaller units of 200-500 square feet, while larger shops exceeding 1,000 square feet can command monthly rents of HK$100,000 to HK$200,000 or more. The rental price per square foot for commercial properties on Wilmer Street generally falls between HK$50 to HK$150, with prime corner locations and newly renovated spaces commanding premium rates. Factors affecting shop rental costs in Sai Ying Pun include foot traffic, proximity to MTR stations, ceiling height, frontage width, and building age. Additional costs for renting a shop on Wilmer Street may include a security deposit equivalent to 2-3 months rent, agency commission of one month's rent, government rates and management fees, plus potential renovation expenses. Given the dynamic nature of Hong Kong's commercial property market, prospective tenants should consult with local real estate agents specializing in Sai Ying Pun properties for current market rates and available shop rental opportunities on Wilmer Street.

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

Wilmer Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends. Located in one of Hong Kong's busiest commercial districts, Wilmer Street benefits from its proximity to major shopping destinations like Times Square, Sogo department store, and numerous retail outlets that draw both locals and tourists. The foot traffic on Wilmer Street typically increases significantly during lunch hours when office workers from nearby buildings seek dining options, and again in the evenings as people visit the area's restaurants, bars, and entertainment venues. Weekend foot traffic tends to be heaviest as Causeway Bay attracts shoppers and visitors from across Hong Kong and mainland China. The street's pedestrian flow is also influenced by its connection to the Causeway Bay MTR station, one of Hong Kong's busiest subway stops, which funnels thousands of commuters and visitors through the area daily. Business owners on Wilmer Street generally report consistent pedestrian activity, making it an attractive location for retail stores, restaurants, and service businesses looking to capitalize on Causeway Bay's reputation as a premier shopping and dining destination in Hong Kong.