Shops for Rent on Prat Avenue, Hong Kong

Why rent a shop on Prat Avenue, Tsim Sha Tsui, Hong Kong?

Renting a shop on Prat Avenue, Hong Kong offers a strategic location in the vibrant Tsim Sha Tsui district, known for its mix of specialty streets and strong foot traffic from both locals and tourists. Prat Avenue is centrally located, connecting major roads like Carnarvon and Chatham Road South, making it easily accessible and ideal for businesses aiming to attract diverse clientele. The area is popular among young locals and continues to develop as a lively retail and nightlife spot, ensuring consistent customer flow. Its proximity to other prime shopping areas and specialty streets enhances visibility and opportunities for retail growth, making it a smart choice for shop rental in Hong Kong.

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

The cost to rent a shop on Prat Avenue in Tsim Sha Tsui, Hong Kong varies significantly depending on location, size, and floor level, with ground floor retail spaces typically commanding the highest rents due to maximum foot traffic exposure. As of 2024, monthly rental rates for shops on Prat Avenue generally range from HK$80 to HK$300 per square foot for prime ground floor locations, while upper floor retail spaces may cost between HK$30 to HK$100 per square foot. Smaller shops of 200-500 square feet on Prat Avenue can expect monthly rents starting from HK$25,000 to HK$80,000, while larger retail spaces exceeding 1,000 square feet may command monthly rents of HK$150,000 to HK$500,000 or more. The exact rental cost depends on factors such as proximity to MTR stations, corner locations, shop condition, lease terms, and current market demand in this highly sought-after Tsim Sha Tsui shopping district. Prospective tenants should also budget for additional costs including management fees, rates, government rent, utility deposits, and renovation expenses when calculating the total investment required to rent a shop on Prat Avenue.

What's the foot traffic like on Prat Avenue, Causeway Bay, Hong Kong?

Prat Avenue 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, Prat Avenue sees its peak foot traffic during weekends and public holidays when both locals and tourists flock to the numerous shopping malls, department stores, and retail outlets that line the street. The foot traffic typically intensifies from late morning around 11 AM and remains consistently heavy until late evening, with particular congestion during lunch hours from 12 PM to 2 PM and again during the evening shopping period from 6 PM to 9 PM. The pedestrian flow on Prat Avenue is significantly boosted by its proximity to major attractions like Times Square, SOGO department store, and various luxury brand boutiques, as well as its excellent connectivity to Causeway Bay MTR station. During major shopping events, seasonal sales, and festivals, the foot traffic on Prat Avenue can become extremely dense, often requiring pedestrians to move at a slower pace due to the sheer volume of people navigating the sidewalks and crosswalks in this bustling Hong Kong shopping hub.