Shops for Rent on Wang On Road, Hong Kong

Why rent a shop on Wang On Road, Causeway Bay, Hong Kong?

Renting a shop on Wang On Road, Hong Kong, is an excellent choice for businesses seeking a vibrant and bustling location with strong retail potential. This area, located near Sham Shui Po, benefits from a high foot traffic of shoppers looking for affordable fashion and wholesale clothing, making it ideal for retailers focused on apparel and accessories. The presence of over 200 small wholesale shops nearby attracts both local buyers and walk-in customers, creating ample opportunity for sales and brand exposure. Additionally, the affordability compared to prime shopping districts allows new and growing businesses to establish a foothold in one of Hong Kong’s lively commercial hubs. Wang On Road’s accessibility and proximity to popular street markets further enhance its appeal for shop rentals, combining convenience for customers with a dynamic retail environment.

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

Renting a shop on Wang On Road in Causeway Bay, Hong Kong typically costs between HK$80 to HK$200 per square foot per month, depending on the specific location, floor level, and property condition. Ground floor retail spaces on Wang On Road command premium rates due to high foot traffic and excellent visibility, with prime locations near the Causeway Bay MTR station or Times Square reaching the upper end of this price range. Upper floor shops and basement retail units generally offer more affordable rental rates, starting from around HK$60 per square foot monthly. Additional costs for Wang On Road shop rentals include management fees ranging from HK$8 to HK$15 per square foot, government rates and utilities, plus a typical security deposit equivalent to three months' rent. The exact rental cost will vary based on factors such as shop size, lease duration, tenant mix requirements, and current market conditions in Causeway Bay's competitive retail district. Prospective tenants should budget for total occupancy costs of approximately 20-30% above the base rent when planning to lease retail space on Wang On Road.

What's the foot traffic like on Wang On Road, Causeway Bay, Hong Kong?

Wang On Road in Causeway Bay, Hong Kong experiences moderate to high 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 areas. The pedestrian flow on Wang On Road is consistently busy due to its strategic location connecting major shopping districts and transportation hubs, with the heaviest foot traffic occurring between 11 AM and 9 PM when both locals and tourists are actively shopping and dining in Causeway Bay. As one of the key thoroughfares in this premier shopping destination, Wang On Road sees increased pedestrian activity during lunch hours from office workers in nearby commercial buildings, evening rush hours, and weekends when families and tourists explore the vibrant Causeway Bay district. The foot traffic patterns on Wang On Road make it an attractive location for retail businesses and restaurants, as the constant stream of pedestrians provides excellent visibility and potential customer base throughout most operating hours in this bustling Hong Kong commercial area.