Shops for Rent on New Market Street, Hong Kong

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

New Market Street in Sheung Wan, Hong Kong offers exceptional retail opportunities for businesses seeking prime commercial space in one of the city's most vibrant districts. Located in the heart of Hong Kong's Central and Western District, New Market Street provides excellent foot traffic from both locals and tourists exploring the area's rich blend of traditional markets, modern boutiques, and cultural attractions. The street benefits from its proximity to major MTR stations including Sheung Wan and Central, ensuring easy accessibility for customers throughout Hong Kong Island. Businesses renting shops on New Market Street gain access to a diverse customer base drawn to the area's famous Man Mo Temple, trendy cafes, art galleries, and the bustling Central district just minutes away. The location offers competitive rental rates compared to premium areas like Central or Causeway Bay while still maintaining high visibility and strong commercial potential. With its strategic position connecting the financial district to traditional Hong Kong neighborhoods, New Market Street provides an ideal balance of heritage charm and modern commercial appeal, making it an attractive choice for retailers looking to establish or expand their presence in Hong Kong's dynamic retail market.

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

Renting a shop on New Market Street in Sheung Wan, Hong Kong typically costs between HK$80 to HK$200 per square foot per month, depending on the specific location, floor level, and shop condition. Ground floor retail spaces on New Market Street command premium prices due to high foot traffic and visibility, with costs often reaching the upper end of this range or even higher for prime corner units. Upper floor shops and smaller spaces may be available at more affordable rates starting from HK$60 per square foot monthly. The rental cost also varies based on factors such as lease duration, included utilities, renovation condition, and proximity to MTR stations like Sheung Wan Station. Additionally, tenants should budget for security deposits equivalent to 2-3 months rent, legal fees, and potential renovation costs when planning to rent retail space on New Market Street. Given the competitive nature of Sheung Wan's commercial property market and its status as a prime business district connecting Central to other parts of Hong Kong Island, rental prices on New Market Street tend to fluctuate based on market demand and economic conditions.

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

New Market 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. This popular shopping street sees its peak crowds during weekends and evenings when locals and tourists flock to explore the numerous retail stores, restaurants, and entertainment venues. The foot traffic on New Market Street is particularly heavy during lunch hours from 12pm to 2pm and dinner time from 6pm to 9pm, as office workers and shoppers fill the narrow street. During major shopping seasons like Chinese New Year, Christmas, and summer sales periods, the pedestrian volume can become extremely congested, with slow-moving crowds common throughout the area. The street's proximity to Causeway Bay MTR station, Times Square shopping mall, and other major attractions contributes to its consistently high pedestrian traffic, with thousands of people passing through daily. Visitors planning to walk along New Market Street should expect crowded conditions and allow extra time for navigation, especially during peak shopping hours and holiday periods when foot traffic reaches its maximum capacity.