F&B Units for Rent on Lee Yip Street, Hong Kong

Why rent a restaurant on Lee Yip Street, Mong Kok, Hong Kong?

Renting a restaurant on Lee Yip Street in Mong Kok, Hong Kong offers exceptional business opportunities due to its prime location in one of the city's busiest commercial districts. Lee Yip Street benefits from extremely high foot traffic as it sits in the heart of Mong Kok, surrounded by major shopping centers, hotels, and transportation hubs including the MTR station, ensuring a constant stream of both local customers and tourists. The area is renowned for its vibrant dining scene and diverse demographics, making it ideal for various restaurant concepts from casual eateries to upscale dining establishments. Restaurant spaces on Lee Yip Street typically offer competitive rental rates compared to other premium Hong Kong locations while maintaining excellent visibility and accessibility. The street's proximity to popular attractions like Ladies' Market, Langham Place, and numerous shopping complexes guarantees consistent customer flow throughout the day and evening. Additionally, Mong Kok's reputation as a food destination means customers actively seek out new dining experiences in the area, providing restaurants with built-in marketing advantages and higher chances of success in Hong Kong's competitive F&B market.

How much does it cost to rent a restaurant on Lee Yip Street, Mong Kok, Hong Kong?

The cost to rent a restaurant on Lee Yip Street in Mong Kok, Hong Kong typically ranges from HK$80,000 to HK$200,000 per month, depending on the size, location within the street, and specific unit conditions. Lee Yip Street restaurant rental prices are influenced by its prime location in one of Hong Kong's busiest commercial districts, with ground floor units commanding higher rents than upper floor spaces. Small restaurant spaces of 300-500 square feet may start around HK$80,000 monthly, while larger establishments exceeding 1,000 square feet can cost upwards of HK$150,000 to HK$200,000 per month. Additional costs for renting a restaurant on Lee Yip Street include security deposits equivalent to 3-6 months rent, government rates and management fees, plus renovation and licensing expenses. The high foot traffic and excellent transport links in Mong Kok make Lee Yip Street a sought-after location for restaurant operators, though rental prices have remained competitive compared to other prime Hong Kong dining districts like Central or Causeway Bay.

What type of restaurant can be found on Lee Yip Street, Causeway Bay, Hong Kong?

Lee Yip Street in Causeway Bay, Hong Kong offers a diverse range of dining establishments that cater to both locals and tourists exploring this vibrant shopping district. The street features traditional Cantonese restaurants serving authentic dim sum and roasted meats, modern cafes offering international cuisine and specialty coffee, fast-casual eateries providing quick meals for busy shoppers, and upscale dining venues perfect for special occasions. Visitors to Lee Yip Street can also find popular chain restaurants, local tea restaurants known as cha chaan tengs serving Hong Kong-style comfort food, Japanese sushi bars, Korean barbecue spots, and Western bistros. The restaurant scene on Lee Yip Street reflects Causeway Bay's cosmopolitan nature, with establishments ranging from budget-friendly street food stalls to high-end fine dining restaurants, making it an ideal destination for food enthusiasts seeking variety in one of Hong Kong's most bustling commercial areas. Many of these restaurants stay open late to accommodate the area's active nightlife and shopping culture, ensuring that dining options are available throughout the day and evening hours.