Shops for Rent on Jervois Street, Hong Kong
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Why rent a shop on Jervois Street, Sheung Wan, Hong Kong?
Renting a shop on Jervois Street in Hong Kong offers unique advantages due to its rich historical significance and prime location in the vibrant Sheung Wan district. Known for its specialty shops and traditional markets dating back to the 1860s, Jervois Street attracts a diverse mix of locals and tourists seeking quality fabrics, herbal teas, and niche products, creating steady foot traffic for retailers. Its proximity to major areas like Central, NoHo, and SoHo enhances business visibility and accessibility. Additionally, the neighborhood’s blend of old-world charm and modern developments, including luxury accommodations and art galleries, helps businesses capitalize on a well-rounded customer base. Renting here means positioning your shop in a culturally rich, strategically located commercial hub with a strong potential for attracting both traditional and contemporary clientele.
How much does it cost to rent a shop on Jervois Street, Sheung Wan, Hong Kong?
The cost to rent a shop on Jervois Street in Sheung Wan, Hong Kong varies significantly depending on the exact location, size, and condition of the property. As of 2024, ground floor retail spaces on Jervois Street typically range from HK$80 to HK$200 per square foot per month, with prime locations commanding higher rates. A small shop of approximately 300-500 square feet could cost between HK$24,000 to HK$100,000 per month, while larger retail spaces of 1,000 square feet or more may reach HK$200,000 monthly or higher. Jervois Street shop rental prices are influenced by factors including foot traffic, proximity to Central MTR station, nearby commercial developments, and the overall economic climate in Hong Kong. Properties closer to the Central business district end of Jervois Street generally command premium rents compared to those further west. Prospective tenants should also budget for additional costs such as management fees, rates, government rent, and security deposits which typically amount to 2-3 months rent upfront. Given the dynamic nature of Hong Kong's commercial property market, it's advisable to consult with local commercial real estate agents for current Jervois Street rental rates and availability.
What's the foot traffic like on Jervois Street, Causeway Bay, Hong Kong?
Jervois 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 areas. The street benefits from its strategic location in one of Hong Kong's busiest commercial districts, with consistent pedestrian flow from tourists and locals accessing the MTR Causeway Bay station, numerous restaurants, cafes, and boutique shops along the corridor. Foot traffic typically peaks between 11 AM to 9 PM on weekdays and remains steady throughout weekends, making Jervois Street an attractive location for retail businesses and restaurants seeking high visibility and customer exposure. The street's proximity to major shopping destinations like SOGO department store and Fashion Walk ensures a steady stream of shoppers and diners, while its connection to other popular Causeway Bay streets maintains consistent pedestrian circulation throughout the area.
