Shops for Rent on Morrison Street, Hong Kong

Why rent a shop on Morrison Street, Sheung Wan, Hong Kong?

Morrison Street in Sheung Wan offers an exceptional retail location for businesses seeking prime commercial space in Hong Kong's dynamic Central district. This strategic location provides excellent foot traffic from both local residents and international tourists, with easy access to the Central MTR station and major bus routes connecting to all parts of Hong Kong Island. Renting a shop on Morrison Street places your business in the heart of Sheung Wan's thriving commercial district, surrounded by established restaurants, galleries, boutiques, and professional services that attract a diverse, affluent customer base throughout the day. The area benefits from its proximity to Hong Kong's financial center while maintaining a more accessible rental cost compared to prime Central locations, making it an ideal choice for retailers, cafes, professional services, and creative businesses. Morrison Street's blend of traditional Hong Kong character and modern commercial appeal, combined with its excellent transport links to the airport via the Airport Express and connections to mainland China through nearby ferry terminals, creates an optimal environment for businesses targeting both local Hong Kong customers and international visitors seeking authentic Hong Kong shopping and dining experiences.

How much does it cost to rent a shop on Morrison Street, Sheung Wan, Hong Kong?

The cost to rent a shop on Morrison Street in Sheung Wan, Hong Kong varies significantly depending on the exact location, size, and condition of the property. Ground floor retail spaces on Morrison Street typically command premium rents ranging from HKD 80 to HKD 200 per square foot per month, with prime street-facing locations at the higher end of this range. Shop rental prices in Sheung Wan have remained relatively stable compared to other Hong Kong districts, making Morrison Street an attractive option for businesses seeking Central district proximity without the premium costs of Queen's Road Central or Des Voeux Road. Smaller retail units of 200-500 square feet may cost between HKD 25,000 to HKD 60,000 monthly, while larger commercial spaces exceeding 1,000 square feet can reach HKD 150,000 or more per month. Additional costs include government rates, management fees, and utility deposits, which typically add 15-20% to the base rental amount. Prospective tenants should also budget for key money deposits and renovation costs, as many Morrison Street shops require customization to meet specific business needs in this competitive Sheung Wan retail market.

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

Morrison 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, Morrison Street connects major retail destinations including Times Square, SOGO department store, and numerous fashion boutiques, resulting in constant streams of shoppers, tourists, and office workers. Peak foot traffic occurs during lunch hours from 12 PM to 2 PM and evening hours from 6 PM to 9 PM, when the street becomes particularly crowded with both locals and international visitors exploring the area's dense concentration of restaurants, cafes, and retail outlets. Weekend foot traffic on Morrison Street intensifies significantly as Hong Kong residents and tourists flock to Causeway Bay for shopping and dining, often creating congested sidewalks that require careful navigation. The street's proximity to Causeway Bay MTR station, one of Hong Kong's busiest subway stops, ensures continuous pedestrian flow throughout operating hours, while the area's reputation as a major shopping and entertainment hub maintains consistently heavy foot traffic year-round, particularly during holiday seasons and major sales periods.