Shops for Rent on Aldrich Street, Hong Kong

Why rent a shop on Aldrich Street, Shau Kei Wan, Hong Kong?

Renting a shop on Aldrich Street, Hong Kong, offers a unique opportunity to serve a stable local residential community in Aldrich Bay. The street features a basic arcade of shops mainly catering to nearby residents, including essential services such as tutorial centers, laundry shops, eateries, and bakeries. Its proximity to the Shau Kei Wan MTR Station (Exit D2) ensures convenient access and foot traffic from the surrounding residential towers. While it is not a high-end shopping district, leasing a shop here allows businesses to establish a steady customer base within a close-knit neighborhood environment at relatively low rental costs compared to more commercial areas in Hong Kong. This makes Aldrich Street ideal for service-oriented or community-focused retail ventures targeting local daily needs.

How much does it cost to rent a shop on Aldrich Street, Shau Kei Wan, Hong Kong?

The cost to rent a shop on Aldrich Street in Shau Kei Wan, Hong Kong varies significantly depending on the size, location, and condition of the commercial space. Shop rental prices on Aldrich Street typically range from HK$15,000 to HK$45,000 per month for small to medium-sized retail units, with ground floor locations commanding premium rates due to higher foot traffic and visibility. Larger commercial spaces or corner shops on Aldrich Street can cost upwards of HK$60,000 per month, while smaller units or those on upper floors may be available for as low as HK$10,000 monthly. Factors affecting rental costs include proximity to Shau Kei Wan MTR station, the condition of the building, ceiling height, and whether the shop includes fixtures or requires renovation. Additionally, most landlords on Aldrich Street require a security deposit equivalent to two to three months' rent, plus the first month's rent in advance, making the initial investment for renting a shop in this popular Shau Kei Wan commercial area substantial for new business owners.

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

Aldrich Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when visitors flock to the nearby Times Square shopping mall and surrounding retail districts. Located in one of Hong Kong's busiest commercial areas, Aldrich Street sees consistent pedestrian flow from both local residents and tourists exploring Causeway Bay's famous shopping and dining scene. The foot traffic on Aldrich Street typically peaks between 11 AM to 9 PM on weekdays and remains busy throughout weekends, with the highest concentration of pedestrians occurring near the Times Square entrance and major retail outlets. During Hong Kong's shopping festivals and holiday seasons, foot traffic on Aldrich Street can become significantly congested, making it one of the more bustling side streets in the Causeway Bay district. The street's proximity to major MTR stations and bus stops contributes to its steady stream of commuters and shoppers, while the presence of popular restaurants and cafes along Aldrich Street ensures consistent pedestrian activity during meal times and evening hours.