Shops for Rent on Hoi Ping Road, Hong Kong

Why rent a shop on Hoi Ping Road, Causeway Bay, Hong Kong?

Renting a shop on Hoi Ping Road in Hong Kong offers a strategic location for businesses seeking access to a vibrant retail environment. This area is known for its proximity to popular shopping districts like Causeway Bay, which attracts a diverse and steady flow of shoppers ranging from high-end fashion enthusiasts to budget-conscious consumers. Hoi Ping Road benefits from nearby pedestrian-friendly streets and well-known markets that ensure consistent foot traffic, making it ideal for retail, fashion, or specialty stores. Additionally, its location within a bustling urban center supports brand visibility and customer accessibility, key factors for retail success in Hong Kong’s competitive market. Renting here enables businesses to tap into an active consumer base while being close to major shopping complexes and unique local markets, maximizing opportunities for sales and growth.

How much does it cost to rent a shop on Hoi Ping Road, Causeway Bay, Hong Kong?

The cost to rent a shop on Hoi Ping Road, Causeway Bay, Hong Kong varies significantly depending on location, size, and property condition, with retail rental prices typically ranging from HK$80 to HK$200 per square foot per month. Prime ground-floor retail spaces on Hoi Ping Road can command premium rates of HK$150 to HK$250 per square foot monthly, while upper-floor commercial units may be available for HK$60 to HK$120 per square foot per month. Small retail shops of 300-500 square feet on Hoi Ping Road generally cost between HK$30,000 to HK$80,000 per month, while larger commercial spaces exceeding 1,000 square feet can range from HK$100,000 to HK$300,000 monthly. Causeway Bay remains one of Hong Kong's most expensive retail districts, and Hoi Ping Road shop rentals often include additional costs such as management fees, rates, and utilities, which can add 10-20% to the base rental price. Prospective tenants should also budget for security deposits equivalent to 2-3 months' rent and consider that rental prices on Hoi Ping Road fluctuate based on market conditions, foot traffic, and proximity to MTR stations and major shopping centers.

What's the foot traffic like on Hoi Ping Road, Causeway Bay, Hong Kong?

Hoi Ping Road 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 premier shopping district, this road connects major shopping destinations including Times Square, SOGO department store, and numerous retail outlets, resulting in continuous streams of both local residents and international tourists. Peak foot traffic on Hoi Ping Road typically occurs during weekends, public holidays, and evening hours from 6 PM to 10 PM when office workers and shoppers converge in the area. The road's strategic position near Causeway Bay MTR station, one of Hong Kong's busiest subway stops, contributes significantly to the constant flow of pedestrians, with thousands of people passing through daily. During major shopping seasons like Chinese New Year, Christmas, and summer sales periods, foot traffic on Hoi Ping Road can become extremely congested, often requiring crowd control measures. The high pedestrian volume makes this location particularly attractive for retail businesses, street food vendors, and outdoor advertising, as the guaranteed exposure to large numbers of potential customers throughout the year creates excellent commercial opportunities in this prime Causeway Bay location.