F&B Units for Rent on Hoi Wang Road, Hong Kong

Why rent a restaurant on Hoi Wang Road, Mong Kok, Hong Kong?

Renting a restaurant on Hoi Wang Road in Mong Kok, Hong Kong offers exceptional business opportunities due to its prime location in one of the city's busiest commercial districts. This vibrant street benefits from extremely high foot traffic with thousands of locals, tourists, and office workers passing through daily, providing a steady stream of potential customers for restaurant businesses. Hoi Wang Road's strategic position in Mong Kok places restaurants within walking distance of major shopping centers, the MTR station, and popular attractions, making it easily accessible to diners from across Hong Kong. The area's diverse demographic mix creates demand for various dining concepts, from casual eateries to upscale restaurants, while the competitive rental rates compared to Central or Tsim Sha Tsui make it an attractive option for food entrepreneurs. Additionally, Mong Kok's reputation as a dining destination means restaurants on Hoi Wang Road can tap into the district's established food culture and benefit from the area's strong evening economy, with many businesses staying open late to serve the bustling nightlife crowd.

How much does it cost to rent a restaurant on Hoi Wang Road, Mong Kok, Hong Kong?

The cost to rent a restaurant space on Hoi Wang Road in Mong Kok, Hong Kong typically ranges from HK$80 to HK$200 per square foot per month, depending on the specific location, size, and condition of the property. Restaurant rental prices on Hoi Wang Road Mong Kok can vary significantly based on factors such as street level visibility, foot traffic, proximity to MTR stations, and the overall size of the commercial space. Ground floor restaurant units with prime street frontage generally command higher rental rates, often reaching HK$150-200 per square foot monthly, while upper floor locations may be available for HK$80-120 per square foot per month. Additional costs for restaurant rental in Mong Kok include management fees, rates and government rent, utility deposits, and potential key money or premium payments. Prospective restaurant operators should budget for total monthly expenses of approximately 20-30% above the base rent when calculating the true cost of renting restaurant space on Hoi Wang Road. The competitive dining scene in Mong Kok means restaurant rental prices can fluctuate based on market demand, with peak periods seeing higher asking rents for premium locations along this busy commercial strip.

What type of restaurant can be found on Hoi Wang Road, Causeway Bay, Hong Kong?

Hoi Wang Road in Causeway Bay, Hong Kong offers a diverse array of restaurant types that cater to both locals and tourists visiting this bustling shopping district. The street features traditional Cantonese dim sum restaurants, authentic Hong Kong-style tea restaurants known as cha chaan tengs, upscale international dining establishments, and popular hotpot venues. Visitors can find everything from street food stalls serving local favorites like fish balls and egg waffles to modern fusion restaurants that blend Asian and Western cuisines. Many of the restaurants on Hoi Wang Road specialize in fresh seafood, reflecting Hong Kong's coastal location, while others focus on regional Chinese cuisines including Sichuan, Shanghai, and Beijing-style dishes. The dining scene along this Causeway Bay street also includes Japanese sushi bars, Korean barbecue restaurants, Thai eateries, and Western-style cafes, making it a true culinary destination that represents Hong Kong's multicultural food landscape. These restaurants range from budget-friendly local joints to high-end establishments, ensuring dining options for every preference and budget along Hoi Wang Road.