Shops for Rent on Tung Lo Wan Drive, Hong Kong

Why rent a shop on Tung Lo Wan Drive, Causeway Bay, Hong Kong?

Renting a shop on Tung Lo Wan Drive in Hong Kong offers a strategic commercial advantage due to its prime location in Causeway Bay, one of Hong Kong Island’s busiest and most vibrant retail districts. Tung Lo Wan Drive connects major roads and is close to key landmarks like St. Paul’s Convent School, Metropark Hotel, and the bustling areas of Tai Hang and Causeway Bay, attracting high foot traffic and diverse customer demographics. This area benefits from strong accessibility through multiple transport links, making it ideal for retail businesses seeking exposure to both local residents and tourists. Additionally, the presence of established retail outlets and commercial activities enhances business potential and visibility, making Tung Lo Wan Drive a preferred choice for renting retail spaces in Hong Kong.

How much does it cost to rent a shop on Tung Lo Wan Drive, Causeway Bay, Hong Kong?

The cost to rent a shop on Tung Lo Wan Drive 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 Tung Lo Wan Drive typically command rental rates ranging from HKD 80 to HKD 200 per square foot per month, with prime locations near major intersections or MTR stations commanding higher premiums. Smaller shops of 200-500 square feet may cost between HKD 16,000 to HKD 100,000 monthly, while larger retail units exceeding 1,000 square feet can reach HKD 200,000 or more per month. Factors affecting Tung Lo Wan Drive shop rental costs include foot traffic volume, proximity to Times Square shopping mall, visibility from the street, ceiling height, and lease terms. Additional expenses for Causeway Bay retail tenants typically include management fees, rates and government rent, utilities, and renovation deposits, which can add 15-25% to the base rental cost. Due to Causeway Bay's status as one of Hong Kong's premier shopping districts, shop rental prices on Tung Lo Wan Drive remain among the highest globally, making it essential for prospective tenants to engage qualified commercial real estate agents for accurate market pricing and negotiation assistance.

What's the foot traffic like on Tung Lo Wan Drive, Causeway Bay, Hong Kong?

Tung Lo Wan Drive in Causeway Bay, Hong Kong experiences moderate to heavy foot traffic throughout the day, particularly during peak shopping hours and weekends when visitors flock to the nearby Times Square shopping mall and surrounding retail establishments. The pedestrian flow on Tung Lo Wan Drive is significantly influenced by its strategic location connecting major transportation hubs including Causeway Bay MTR station and multiple bus routes, making it a key thoroughfare for both locals and tourists navigating the bustling Causeway Bay district. Foot traffic typically intensifies during lunch hours between 12-2 PM and evening shopping periods from 6-9 PM, with weekends seeing the highest pedestrian volumes as shoppers explore the numerous department stores, restaurants, and entertainment venues accessible via Tung Lo Wan Drive. The street's proximity to popular destinations like SOGO department store, Fashion Walk, and various dining establishments ensures consistent pedestrian activity throughout the week, though traffic patterns may vary during public holidays and special events in the Causeway Bay area.