Shops for Rent on Tsing Fung Street, Hong Kong

Why rent a shop on Tsing Fung Street, Causeway Bay, Hong Kong?

Renting a shop on Tsing Fung Street, Hong Kong, offers strategic advantages due to its prime location in the Wan Chai District, near the Tin Hau MTR Station, which ensures excellent transport connectivity including multiple bus routes serving various parts of the city. The street features commercial buildings like Tsing Fung Building that provide multiple rental units in a well-established area, ideal for businesses seeking accessibility and visibility. This makes Tsing Fung Street a convenient and attractive location for retail or service-oriented shops aiming to tap into both local customer traffic and ease of logistics. Additionally, the area’s long-standing commercial presence since the 1960s adds to its reputation and business viability.

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

Renting a shop on Tsing Fung Street in Causeway Bay, Hong Kong typically costs between HK$80 to HK$200 per square foot per month, depending on the exact location, floor level, and shop condition. Ground floor retail spaces on Tsing Fung Street command the highest rents due to maximum foot traffic and visibility, often reaching HK$150-200 per square foot monthly, while upper floor units may cost HK$80-120 per square foot per month. The rental cost for a typical 300-500 square foot shop on Tsing Fung Street Causeway Bay ranges from HK$24,000 to HK$100,000 monthly, with additional costs including rates, management fees, and utility deposits. Prime locations closer to Causeway Bay MTR station or major shopping areas along Tsing Fung Street generally demand premium rents, while properties requiring renovation or located further from main pedestrian areas may offer more competitive pricing. Prospective tenants should also budget for key money, security deposits equivalent to 2-3 months rent, and legal fees when securing retail space on this popular Hong Kong shopping street.

What's the foot traffic like on Tsing Fung Street, Causeway Bay, Hong Kong?

Tsing Fung Street 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 street sees thousands of visitors daily, particularly during weekends and holidays when both locals and tourists flock to the area for shopping and dining. The foot traffic peaks during lunch hours from 12pm to 2pm and evening hours from 6pm to 9pm, with the street remaining bustling well into the night due to Hong Kong's vibrant nightlife culture. Tsing Fung Street's proximity to major shopping centers like Times Square, SOGO, and numerous fashion boutiques ensures consistent pedestrian flow, while its accessibility via Causeway Bay MTR station contributes to the heavy foot traffic. Business owners and retailers on Tsing Fung Street benefit from this constant stream of potential customers, making it a highly sought-after location for commercial establishments in Hong Kong's competitive retail landscape.