Shops for Rent on Granville Road, Hong Kong
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Why rent a shop on Granville Road, Tsim Sha Tsui, Hong Kong?
Renting a shop on Granville Road, Hong Kong, offers a prime opportunity to tap into a vibrant and diverse shopping scene in the bustling Tsim Sha Tsui district. This street is known as a fashion hub filled with a mix of factory outlets, brand name stores, and unique boutiques selling everything from discount and end-of-season fashion to factory overruns and independent designer pieces. The high foot traffic, thanks to local shoppers and tourists attracted by the broad variety of shops and competitive prices, creates an ideal environment for retail businesses. Additionally, the area’s energetic atmosphere, surrounded by nearby attractions like the Hong Kong Museum of History, adds to the appeal by drawing visitors who combine sightseeing with shopping. Renting here means leveraging a compact but densely packed shopping environment that maximizes every space to its fullest potential, making Granville Road a strategic location for fashion retailers and brands looking to establish a strong presence in Hong Kong’s dynamic retail market.
How much does it cost to rent a shop on Granville Road, Tsim Sha Tsui, Hong Kong?
The cost to rent a shop on Granville Road in Tsim Sha Tsui, Hong Kong varies significantly depending on the specific location, size, and floor level, with ground floor retail spaces typically commanding the highest rents due to maximum foot traffic and visibility. As of 2024, monthly rental rates for street-level shops on Granville Road generally range from HK$80,000 to HK$300,000 or more, with prime locations near the intersection with Nathan Road or close to major shopping centers like Harbour City commanding premium prices. Upper floor retail spaces on Granville Road are considerably more affordable, with rents typically ranging from HK$20,000 to HK$80,000 per month depending on accessibility and tenant mix. The rental cost is usually quoted per square foot, with ground floor shops on Granville Road averaging between HK$200 to HK$800 per square foot monthly, making it one of the more expensive retail districts in Hong Kong due to its strategic location in the heart of Tsim Sha Tsui's tourist and shopping zone. Factors affecting rental prices include proximity to MTR stations, building condition, lease terms, and whether the property includes valuable features like large street-facing windows or corner positioning that maximizes exposure to the constant flow of tourists and locals shopping in this bustling commercial area.
What's the foot traffic like on Granville Road, Causeway Bay, Hong Kong?
Granville Road 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 vibrant shopping street connects major retail destinations including Times Square, SOGO department store, and countless fashion boutiques, resulting in consistent crowds of both local residents and international tourists. Peak foot traffic typically occurs during weekends, public holidays, and evening hours between 6-9 PM when office workers join shoppers and diners exploring the area's numerous restaurants and entertainment venues. The street's proximity to Causeway Bay MTR station, one of Hong Kong's busiest subway stops, ensures a constant flow of pedestrians, with foot traffic remaining substantial even during weekday afternoons. During major shopping seasons like Christmas, Chinese New Year, and summer sales periods, Granville Road becomes particularly congested with shoulder-to-shoulder crowds, requiring extra time to navigate the area. The high pedestrian density makes Granville Road an ideal location for retail businesses and street-level advertising, though visitors should expect slower walking speeds and potential delays during peak shopping hours.
