Shops for Rent on Hoi An Street, Hong Kong

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

Renting a shop on Hoi An Street in Hong Kong offers a strategic advantage due to its prime location in Sai Wan Ho, a vibrant and accessible district on Hong Kong Island. The area around Hoi An Street, notably including Hoi An Terrace, benefits from proximity to major transportation hubs like the Sai Wan Ho MTR station, ensuring high foot traffic and convenience for both customers and businesses. This makes it an excellent choice for retailers seeking visibility and accessibility in Eastern District. Additionally, the established community and commercial infrastructure contribute to a thriving shopping environment, ideal for attracting diverse clientele and growing a successful business. These factors combined make renting a shop on Hoi An Street a valuable opportunity for business owners aiming to capitalize on a well-connected and bustling neighborhood.

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

The cost to rent a shop on Hoi An Street in Shau Kei Wan, Hong Kong typically ranges from HK$15,000 to HK$45,000 per month depending on the size, location, and condition of the property. Shop rental prices on Hoi An Street vary significantly based on factors such as ground floor versus upper floor positioning, with street-level retail spaces commanding premium rates of HK$35 to HK$65 per square foot monthly. Smaller shops of 200-400 square feet generally cost between HK$15,000 to HK$25,000 monthly, while larger commercial spaces exceeding 600 square feet can reach HK$40,000 or more per month. The rental market in Shau Kei Wan has remained relatively stable compared to prime Hong Kong districts, making Hoi An Street an attractive option for small businesses and local retailers. Additional costs for shop rental in this area include management fees, rates, government rent, and utility deposits, which typically add 10-15% to the base monthly rent. Prospective tenants should also budget for key money or premium payments, which can range from one to three months rent depending on market conditions and the desirability of the specific Hoi An Street location.

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

Hoi An Street in Causeway Bay, Hong Kong experiences moderate to heavy foot traffic throughout the day, particularly during peak shopping hours and weekends. Located in one of Hong Kong's busiest commercial districts, this street sees a steady flow of both local residents and tourists who are drawn to the nearby shopping centers, restaurants, and entertainment venues that Causeway Bay is famous for. The foot traffic on Hoi An Street typically increases significantly during lunch hours from 12pm to 2pm and evening hours from 6pm to 9pm when office workers and shoppers frequent the area. Weekends and public holidays generally see higher pedestrian volumes as tourists and locals alike explore the vibrant Causeway Bay district. The street's proximity to major shopping destinations like Times Square and Sogo department store, combined with its accessibility via Causeway Bay MTR station, contributes to consistent pedestrian activity throughout most hours of the day. During major shopping seasons such as Chinese New Year and Christmas, foot traffic on Hoi An Street can become quite congested, reflecting the overall busy nature of the Causeway Bay shopping district.