F&B Units for Rent on Tai Wing Avenue, Hong Kong

Why rent a restaurant on Tai Wing Avenue, Quarry Bay, Hong Kong?

Renting a restaurant on Tai Wing Avenue in Quarry Bay, Hong Kong offers exceptional business opportunities in one of the city's most dynamic commercial districts. This prime location provides high foot traffic from the nearby Quarry Bay MTR station and Cityplaza shopping mall, ensuring excellent visibility for your restaurant business. Tai Wing Avenue benefits from its strategic position in the heart of Quarry Bay's business hub, attracting office workers, residents, and tourists who create a steady stream of potential customers throughout the day. The area's well-developed infrastructure, including easy access to public transportation and parking facilities, makes it convenient for both dine-in customers and food delivery services. Restaurant owners on Tai Wing Avenue can capitalize on the diverse demographic mix of expatriate professionals, local business executives, and nearby residential communities who appreciate quality dining options. The competitive rental rates compared to Central or Causeway Bay, combined with the area's growing reputation as a dining destination, make Tai Wing Avenue an ideal choice for entrepreneurs looking to establish or expand their restaurant business in Hong Kong's thriving food and beverage market.

How much does it cost to rent a restaurant on Tai Wing Avenue, Quarry Bay, Hong Kong?

The cost to rent a restaurant on Tai Wing Avenue in Quarry Bay, 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 Tai Wing Avenue vary significantly based on factors such as ground floor versus upper floor positioning, with street-level spaces commanding premium rates due to higher foot traffic and visibility. Most restaurant spaces for rent in this Quarry Bay location range from 500 to 2,000 square feet, meaning monthly rental costs can span from approximately HK$40,000 to HK$400,000. Additional costs for restaurant tenants on Tai Wing Avenue include management fees averaging 3-5% of rent, utility deposits, and potential key money or premium payments to secure desirable locations. The competitive dining scene in Quarry Bay's business district means restaurant rental prices on Tai Wing Avenue remain relatively stable, though prime corner units or those near MTR exits may cost 20-30% above average market rates. Prospective restaurant operators should budget for at least 6-12 months of advance rental payments plus security deposits when securing commercial space on Tai Wing Avenue.

What type of restaurant can be found on Tai Wing Avenue, Causeway Bay, Hong Kong?

Tai Wing Avenue in Causeway Bay, Hong Kong, is home to a diverse array of restaurants that cater to both local and international tastes. This bustling street features traditional Cantonese dim sum restaurants, authentic Hong Kong-style tea restaurants (cha chaan tengs), upscale seafood establishments, and contemporary fusion dining venues. Visitors can find popular hotpot restaurants, Japanese sushi bars, Korean barbecue joints, and Western-style cafes and bistros along Tai Wing Avenue. The area is particularly known for its mix of casual dining options and fine dining establishments, with many restaurants offering both indoor seating and outdoor terrace dining experiences. From budget-friendly local eateries serving Hong Kong street food to premium restaurants featuring international cuisine, Tai Wing Avenue provides dining options for every preference and budget, making it a popular destination for food enthusiasts exploring the vibrant Causeway Bay district.