Shops for Rent on Gresson Street, Hong Kong

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

Renting a shop on Gresson Street, Hong Kong, offers a unique opportunity to establish a business in a vibrant, pedestrian-only street known for its local market atmosphere and cultural charm. Gresson Street is popular for its open market, which has operated since the 1950s, attracting both locals and visitors with a variety of goods ranging from fresh produce to traditional Chinese plants, especially notable during Chinese New Year. Its strategic location near Queen’s Road East and within the bustling Wan Chai district makes it accessible and appealing for retailers wanting to tap into steady foot traffic without the overwhelming crowds found in larger market areas. This mix of accessibility, cultural heritage, and moderate foot traffic creates an ideal environment for small to medium enterprises, particularly those targeting local customers and tourists interested in authentic Hong Kong experiences. Renting here can provide exposure to a well-established community market while benefiting from the street’s historical significance and proximity to other market streets offering diverse products. Overall, Gresson Street is suitable for businesses seeking a distinctive Hong Kong market vibe with manageable competition and consistent visitor flow.

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

The cost to rent a shop on Gresson Street in Wan Chai, Hong Kong varies significantly depending on the size, location, and condition of the property, with typical rental rates ranging from HK$40 to HK$120 per square foot per month. Ground floor retail spaces on Gresson Street generally command higher rents due to better visibility and foot traffic, while upper floor commercial units may be available at more affordable rates starting from HK$25 to HK$60 per square foot monthly. Wan Chai district rental prices for commercial properties have remained relatively stable, with small shop units of 200-500 square feet typically costing between HK$15,000 to HK$50,000 per month, while larger retail spaces exceeding 1,000 square feet can reach HK$80,000 to HK$150,000 monthly. Factors affecting Gresson Street shop rental costs include proximity to MTR stations, building age, ceiling height, and lease terms, with most landlords requiring a security deposit equivalent to 2-3 months rent plus legal fees. Prospective tenants should budget for additional costs including management fees, government rates, and utility deposits when calculating the total expense of renting commercial space in this popular Wan Chai location.

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

Gresson Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends. Located in one of Hong Kong's busiest commercial districts, Gresson Street benefits from its proximity to major shopping destinations like Times Square, SOGO department store, and the Causeway Bay MTR station, which draws significant pedestrian flow from both locals and tourists. The street typically sees increased activity during lunch hours (12-2 PM) and evening periods (6-9 PM) as office workers and shoppers navigate between the numerous restaurants, retail outlets, and commercial buildings in the area. Weekend foot traffic on Gresson Street tends to be substantially higher due to leisure shoppers exploring Causeway Bay's extensive retail offerings, while the street's connection to major transportation hubs ensures consistent pedestrian movement throughout the week. The density of commercial establishments, including ground-floor shops, restaurants, and services, contributes to the steady stream of foot traffic that characterizes this central Causeway Bay location.