Shops for Rent on Shepherd Street, Hong Kong

Why rent a shop on Shepherd Street, Tai Hang, Hong Kong?

Renting a shop on Shepherd Street, Hong Kong, is an excellent choice due to its prime location in the bustling Causeway Bay area, a major retail and entertainment district known for high foot traffic and vibrant local culture. Shepherd Street offers access to a dynamic neighborhood that draws both locals and tourists, enhancing potential customer exposure for your business. The area is surrounded by diverse dining options and notable shops, making it attractive for retail or food-related ventures. Its proximity to well-known shopping streets and efficient public transport links further boosts accessibility and business visibility, providing an advantageous environment for retail success in Hong Kong.

How much does it cost to rent a shop on Shepherd Street, Tai Hang, Hong Kong?

The cost to rent a shop on Shepherd Street in Tai Hang, Hong Kong varies significantly depending on the size, location along the street, and current market conditions. Ground floor retail spaces on Shepherd Street typically range from HK$80 to HK$200 per square foot per month, with prime corner units and larger storefronts commanding higher rates. Small retail shops of around 300-500 square feet can expect monthly rents between HK$25,000 to HK$60,000, while larger commercial spaces may cost upwards of HK$100,000 per month. The trendy Tai Hang neighborhood has seen increased demand for retail spaces due to its growing popularity among locals and tourists, particularly around the annual Fire Dragon Dance festival period. Additional costs for renting a shop on Shepherd Street include management fees, rates, government rent, and typically a security deposit equivalent to 2-3 months rent. Prospective tenants should also budget for renovation costs and licensing fees depending on their business type. For the most current rental rates and available properties on Shepherd Street, it is recommended to consult with local commercial real estate agents who specialize in the Tai Hang area.

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

Shepherd 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 premier shopping district, Shepherd Street connects major retail destinations including Times Square, SOGO department store, and numerous flagship brand stores, resulting in constant streams of both local residents and international tourists. Peak foot traffic typically occurs during weekends, public holidays, and evening hours between 6 PM to 10 PM when office workers join shoppers and diners exploring the area's numerous restaurants, cafes, and entertainment venues. The street's proximity to Causeway Bay MTR station, one of Hong Kong's busiest subway stations, contributes significantly to the heavy pedestrian flow as commuters and visitors use Shepherd Street as a primary walking route to access shopping malls, hotels, and commercial buildings. During major shopping seasons such as Chinese New Year, Christmas, and summer sales periods, foot traffic on Shepherd Street can become extremely congested, with pedestrian movement slowing considerably due to the sheer volume of people navigating the narrow sidewalks and multiple street-level crossings that characterize this vibrant Hong Kong commercial hub.