Shops for Rent on Shau Kei Wan Road, Hong Kong

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

Renting a shop on Shau Kei Wan Road, Hong Kong, offers strategic advantages for businesses due to its emerging status as a vibrant commercial and residential district. Shau Kei Wan is known for its diverse mix of shops, wet markets, and a popular dining scene along Shau Kei Wan Main Street East, attracting both local residents and visitors. The area benefits from convenient transportation links, including tram and MTR stations, enhancing foot traffic and accessibility. Additionally, ongoing urban renewal and development projects contribute to modern infrastructure and opportunities for growth. Its combination of residential density, recreational spaces like Aldrich Bay Park, and a blend of traditional and international businesses make Shau Kei Wan Road an attractive location for retail rental, ensuring exposure to a broad customer base in a dynamic neighborhood environment.

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

The cost to rent a shop on Shau Kei Wan Road in Shau Kei Wan, Hong Kong typically ranges from HK$15,000 to HK$80,000 per month, depending on several key factors including shop size, exact location along the road, and current market conditions. Ground floor retail spaces in prime locations near the MTR station or major intersections command higher rents, often between HK$40,000 to HK$80,000 monthly for units ranging from 300 to 800 square feet. Smaller shops or those located further from the main commercial hub may rent for HK$15,000 to HK$35,000 per month. The rental price per square foot on Shau Kei Wan Road generally falls between HK$50 to HK$150, with food and beverage establishments, convenience stores, and retail shops being the most common tenants. Additional costs to consider include government rates, management fees, utility deposits, and typically a two to three month security deposit, which can add 20-30% to the initial setup costs for new tenants looking to establish their business in this bustling Eastern District location.

What's the foot traffic like on Shau Kei Wan Road, Causeway Bay, Hong Kong?

Shau Kei Wan Road in Causeway Bay, Hong Kong experiences moderate to heavy foot traffic throughout the day, particularly during peak shopping hours and weekends when visitors flock to nearby attractions like Times Square and Sogo department store. The pedestrian flow on Shau Kei Wan Road is significantly influenced by its proximity to Causeway Bay MTR station, one of Hong Kong's busiest transportation hubs, which generates consistent foot traffic from commuters and tourists traveling between Hong Kong Island districts. During lunch hours and evening periods, the street sees increased pedestrian activity as office workers and residents visit the numerous restaurants, cafes, and retail shops along the corridor. The foot traffic patterns on Shau Kei Wan Road tend to be heaviest on weekends and public holidays when both locals and mainland Chinese tourists explore the Causeway Bay shopping district, making it one of the more congested pedestrian areas in Hong Kong. Weather conditions and seasonal shopping periods, particularly during Chinese New Year and summer sales, can significantly impact the volume of foot traffic, with covered walkways and shopping centers along Shau Kei Wan Road providing alternative routes during Hong Kong's humid summers and rainy seasons.