Shops for Rent on Cross Street, Hong Kong

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

Renting a shop on Cross Street, Hong Kong, offers a unique opportunity to tap into one of the largest and most vibrant outdoor markets on Hong Kong Island, located in the bustling district of Wan Chai. Cross Street is renowned for its lively traditional wet market, featuring a variety of fresh food vendors selling fruits, vegetables, meat, seafood, and flowers, which attract both locals and tourists daily. This dynamic environment ensures high foot traffic and exposure for businesses. Additionally, it is adjacent to Tai Yuen Street, famously known as Toy Street, providing a diverse shopping experience that blends traditional market culture with specialty retail. Renting a shop here allows businesses to connect deeply with local consumers, benefit from the area's historic significance, and gain visibility in a photogenic, culturally rich setting that attracts market-goers throughout the day. The strategic location near Wan Chai MTR station and its inclusion on the Wan Chai Heritage Trail further enhance its appeal by facilitating easy access and steady visitor flow.

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

Shop rental costs on Cross Street in Wan Chai, Hong Kong typically range from HK$15,000 to HK$80,000 per month depending on the size, location, and condition of the property. Ground floor retail spaces with street frontage command premium prices, often reaching HK$50 to HK$120 per square foot monthly, while upper floor units may cost HK$25 to HK$60 per square foot. Cross Street shop rental prices are influenced by factors including foot traffic, proximity to MTR stations, shop size ranging from 200 to 1,500 square feet, and the specific section of the street. Prime locations near the intersection with Hennessy Road or Johnston Road generally cost more due to higher visibility and pedestrian flow. Additional costs for Cross Street shop rentals include management fees, rates, government rent, and utility deposits, which can add 15-25% to the base monthly rent. Prospective tenants should budget for security deposits equivalent to 2-3 months rent and consider that rental prices in Wan Chai commercial areas have shown steady growth due to the district's popularity among both local and international businesses.

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

Cross 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, Cross 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 occurs during weekends, public holidays, and evening hours between 6 PM to 9 PM when office workers, shoppers, and diners converge on the area. The street's strategic position near Causeway Bay MTR station and its proximity to popular dining establishments and entertainment venues ensures consistent pedestrian flow from early morning until late night. Retail businesses and restaurants on Cross Street benefit significantly from this heavy foot traffic, with the area being particularly crowded during major shopping seasons like Chinese New Year, summer sales periods, and Christmas. The dense concentration of commercial activities, combined with Causeway Bay's status as a premier shopping destination in Hong Kong, makes Cross Street one of the most pedestrian-dense locations in the territory.