Shops for Rent on Arsenal Street, Hong Kong

Why rent a shop on Arsenal Street, Wan Chai, Hong Kong?

Renting a shop on Arsenal Street, Hong Kong offers strategic advantages due to its prime location linking the vibrant districts of Wan Chai and Admiralty. This area benefits from high foot traffic and proximity to key commercial hubs, making it ideal for retail businesses seeking exposure to both local residents and professionals. Arsenal Street is also notable for housing Arsenal House, a modern 47-floor commercial skyscraper that is home to various office units and government facilities, underlining the street's commercial importance. The street’s excellent connectivity to major roads like Queensway and Gloucester Road further enhances accessibility for customers and suppliers. These factors combine to make Arsenal Street a sought-after location for businesses looking to establish a presence in a bustling, well-connected part of Hong Kong Island.

How much does it cost to rent a shop on Arsenal Street, Wan Chai, Hong Kong?

The cost to rent a shop on Arsenal Street in Wan Chai, Hong Kong varies significantly depending on the specific location, size, and condition of the property. Ground floor retail spaces on Arsenal Street typically command rental prices ranging from HK$80 to HK$200 per square foot per month, with prime locations near major intersections or MTR stations commanding higher rates. Smaller shop units of 200-500 square feet may cost between HK$25,000 to HK$60,000 monthly, while larger retail spaces exceeding 1,000 square feet can reach HK$150,000 or more per month. Arsenal Street's strategic location in Wan Chai, close to the Convention and Exhibition Centre and major business districts, makes it a desirable commercial area that influences rental pricing. Additional costs to consider when renting a shop on Arsenal Street include management fees, rates and government rent, utility deposits, and typically a three-month security deposit plus one month advance rent. Property agents recommend budgeting for renovation and fitting-out costs, which can add substantially to the initial investment for establishing a retail business on this busy Wan Chai thoroughfare.

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

Arsenal 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 prime shopping district, Arsenal Street connects major retail destinations including Times Square, SOGO department store, and numerous fashion boutiques, resulting in constant streams of both local residents and international tourists. Peak foot traffic typically occurs during weekends, public holidays, and evening hours from 6 PM to 10 PM when office workers and shoppers flood the area. The street's proximity to Causeway Bay MTR station, one of Hong Kong's busiest subway stops, contributes significantly to the heavy pedestrian flow, with thousands of commuters passing through daily. During major shopping seasons like Chinese New Year, Christmas, and summer sales periods, foot traffic on Arsenal Street can become extremely congested, often requiring careful navigation through dense crowds. The high pedestrian volume makes Arsenal Street an attractive location for retail businesses, street vendors, and restaurants, though visitors should expect busy conditions and plan extra travel time when walking through this popular Causeway Bay thoroughfare.