Shops for Rent on Factory Street, Hong Kong

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

Renting a shop on Factory Street in Hong Kong offers a strategic opportunity for businesses seeking to tap into the vibrant retail scene of the city. Factory Street is known for its unique concentration of factory outlets and smaller shops, providing access to budget-friendly fashion and accessories, which attracts a diverse customer base including locals and tourists. This area benefits from its proximity to bustling shopping districts like Granville Road and Causeway Bay, making it ideal for retailers targeting cost-conscious shoppers looking for quality products at discounted prices. Additionally, Factory Street combines the advantages of lower rental costs compared to prime luxury areas with high foot traffic, making it an excellent choice for startups and expanding retail businesses in Hong Kong's competitive market. Renting here allows businesses to leverage the established shopping culture and attract shoppers who actively seek out value deals in an accessible and well-known retail location.

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

The cost to rent a shop on Factory Street in Shau Kei Wan, Hong Kong typically ranges from HK$15,000 to HK$45,000 per month, depending on the size, location along the street, and condition of the property. Ground floor retail spaces on Factory Street generally command higher rents due to better foot traffic and visibility, while smaller shops or those on upper floors may be available at the lower end of the price range. Factory Street is a popular commercial area in Shau Kei Wan known for its mix of local businesses, restaurants, and retail outlets, making it an attractive location for entrepreneurs looking to establish their presence in this Eastern District neighborhood. Rental prices on Factory Street have remained relatively stable compared to prime shopping districts in Central or Causeway Bay, offering good value for businesses targeting the local residential community. When budgeting for a shop rental on Factory Street, potential tenants should also factor in additional costs such as management fees, rates, utilities, and typically a two to three month security deposit required by most landlords in Hong Kong.

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

Factory 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 prime shopping district, Factory Street sees constant streams of both local residents and international tourists, particularly during weekends and public holidays when visitor numbers can reach peak capacity. The street's foot traffic is heaviest between 11 AM and 9 PM, with notable congestion during lunch hours from 12 PM to 2 PM and evening shopping periods from 6 PM to 8 PM. The high pedestrian volume on Factory Street is driven by its proximity to major shopping destinations including Times Square, Sogo department store, and numerous fashion boutiques, as well as its connection to Causeway Bay MTR station which serves as a major transportation hub. During special events, sales periods, and festive seasons like Chinese New Year and Christmas, Factory Street foot traffic can become extremely dense, often requiring careful navigation due to the large crowds of shoppers and tourists exploring Causeway Bay's renowned retail offerings.