Shops for Rent on Granville Circuit, Hong Kong

Why rent a shop on Granville Circuit, Tsim Sha Tsui, Hong Kong?

Renting a shop on Granville Circuit, Hong Kong, offers access to a unique retail environment renowned for its vibrant collection of independent designer boutiques and trendy fashion outlets. This small loop off Granville Road is home to the Rise Shopping Arcade, which hosts a range of distinctive shops selling one-of-a-kind clothing, accessories, shoes, and interior design items from local and regional designers. Compared to mainstream shopping malls, Granville Circuit provides a more affordable and creative space ideal for small businesses looking to attract style-conscious customers seeking original and exclusive products. Its central location near Tsim Sha Tsui and proximity to popular shopping streets further enhance its appeal for retailers aiming to benefit from high foot traffic and a dynamic shopping atmosphere. Renting here enables exposure to a niche market interested in local fashion talent and eclectic trends, making it a strategic choice for brands wanting to stand out in Hong Kong’s competitive retail scene.

How much does it cost to rent a shop on Granville Circuit, Tsim Sha Tsui, Hong Kong?

The cost to rent a shop on Granville Circuit in Tsim Sha Tsui, Hong Kong varies significantly depending on factors such as shop size, location along the street, and current market conditions. As of 2024, retail rental prices on Granville Circuit typically range from HK$80 to HK$200 per square foot per month, with prime ground floor locations commanding the highest rates due to heavy foot traffic from tourists and locals. Smaller shops of 200-500 square feet may cost between HK$20,000 to HK$60,000 monthly, while larger retail spaces exceeding 1,000 square feet can reach HK$150,000 or more per month. Granville Circuit shop rental costs are influenced by its strategic location in the heart of Tsim Sha Tsui's shopping district, proximity to major hotels, MTR stations, and popular attractions like the Avenue of Stars. Property agents recommend budgeting additional costs including management fees, rates, government rent, and potential key money deposits when calculating total occupancy expenses for Granville Circuit retail properties. Market fluctuations, seasonal demand, and Hong Kong's overall economic climate also impact rental pricing along this popular Tsim Sha Tsui shopping street.

What's the foot traffic like on Granville Circuit, Causeway Bay, Hong Kong?

Granville Circuit in Causeway Bay, Hong Kong experiences moderate to heavy foot traffic throughout the day, particularly during peak shopping hours and weekends. As a key thoroughfare connecting major shopping areas like Times Square and Sogo department store, Granville Circuit sees consistent pedestrian flow from both local residents and international tourists visiting Causeway Bay's renowned retail district. The foot traffic typically intensifies during lunch hours (12-2 PM) and evening shopping periods (6-9 PM), with weekend afternoons being the busiest times. The street's proximity to Causeway Bay MTR station, one of Hong Kong's busiest subway stations, contributes significantly to the high pedestrian volume as commuters and shoppers frequently use Granville Circuit as a transit route. Business owners and visitors should expect crowded sidewalks and slower walking speeds during these peak periods, especially during major shopping seasons and public holidays when Causeway Bay attracts even larger crowds to its world-famous shopping destinations.