Shops for Rent on Ngan Mok Street, Hong Kong

Why rent a shop on Ngan Mok Street, Causeway Bay, Hong Kong?

Renting a shop on Ngan Mok Street in Hong Kong offers a strategic location in the vibrant Eastern District near Tin Hau, known for its established commercial and residential mix. This area provides business owners with access to steady foot traffic from locals and tourists alike, making it ideal for retail, dining, or service-oriented shops. The variety of available rental properties on Ngan Mok Street caters to diverse business needs, giving renters flexibility in shop size and facilities. Additionally, the street’s proximity to well-connected public transport and other key business hubs enhances customer accessibility, supporting business growth and visibility. Overall, renting a shop on Ngan Mok Street combines advantageous location, diverse property options, and strong community presence, making it a compelling choice for entrepreneurs in Hong Kong.

How much does it cost to rent a shop on Ngan Mok Street, Causeway Bay, Hong Kong?

The cost to rent a shop on Ngan Mok Street in Causeway Bay, Hong Kong varies significantly depending on the property size, location along the street, and current market conditions. Ground floor retail spaces on Ngan Mok Street typically command rental rates ranging from HKD 80 to HKD 200 per square foot per month, with prime locations near the Times Square area commanding higher prices. Smaller shops of 200-500 square feet may cost between HKD 25,000 to HKD 60,000 monthly, while larger retail units can exceed HKD 100,000 per month. Causeway Bay remains one of Hong Kong's most expensive retail districts, and Ngan Mok Street shop rentals reflect this premium positioning due to heavy foot traffic from tourists and locals. Additional costs include management fees, rates, government rent, and utility deposits, which can add 15-25% to the base rental cost. Prospective tenants should also budget for key money or premium payments, which are common in Hong Kong's competitive retail property market. Current economic conditions and the post-pandemic retail landscape have created some fluctuation in Ngan Mok Street rental prices, making it essential to consult with local commercial property agents for the most accurate and up-to-date rental quotes.

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

Ngan Mok Street in Causeway Bay, Hong Kong experiences exceptionally high foot traffic throughout the day, making it one of the busiest pedestrian areas in the district. Located in the heart of Causeway Bay's prime shopping zone, this short street connects major retail destinations and sees constant streams of both local residents and international tourists. The foot traffic on Ngan Mok Street peaks during weekends, public holidays, and evening hours when shoppers visit nearby Times Square, SOGO department store, and numerous fashion boutiques. During weekdays, the street maintains steady pedestrian flow from office workers, shoppers, and tourists exploring the famous Causeway Bay shopping district. The narrow width of Ngan Mok Street combined with its strategic location between major shopping centers creates a concentrated flow of pedestrians, often resulting in crowded conditions during peak shopping hours from 2 PM to 9 PM. Visitors to Causeway Bay should expect significant foot traffic congestion on Ngan Mok Street, particularly during lunch hours, after-work periods, and weekend shopping times when the area transforms into one of Hong Kong's most densely populated pedestrian zones.