Shops for Rent on Man Kwong Street, Hong Kong

Why rent a shop on Man Kwong Street, Central, Hong Kong?

Renting a shop on Man Kwong Street in Hong Kong offers strategic advantages due to its prime location in Central, one of the city's most vibrant commercial districts. This street provides excellent accessibility, being close to major transportation hubs such as Central Pier and easily reachable by bus, taxi, or even on foot from key city areas. Man Kwong Street attracts both locals and tourists, partly because of nearby attractions like the Hong Kong Observation Wheel, enhancing foot traffic and business exposure. The street also offers a pleasant environment with a sitting-out area by the waterfront, which can create a welcoming atmosphere for customers. These factors make Man Kwong Street an attractive choice for retail, dining, or service-oriented businesses seeking visibility and convenience in a bustling urban setting.

How much does it cost to rent a shop on Man Kwong Street, Central, Hong Kong?

The cost to rent a shop on Man Kwong Street in Central, Hong Kong varies significantly depending on factors such as shop size, location within the street, and current market conditions. As of 2024, retail rental prices in Central Hong Kong typically range from HKD 80 to HKD 300 per square foot per month for ground floor commercial spaces, with Man Kwong Street shop rentals generally falling within HKD 100 to HKD 200 per square foot monthly due to its prime Central location. Small retail units of 200-500 square feet on Man Kwong Street can expect monthly rents between HKD 20,000 to HKD 100,000, while larger commercial spaces may command significantly higher rates. The exact rental cost for a Man Kwong Street shop will depend on specific factors including foot traffic, proximity to MTR stations, building condition, lease terms, and whether the unit includes additional fees for management, utilities, or government rates. Prospective tenants should also budget for substantial security deposits, typically equivalent to 3-6 months rent, plus legal fees and fitting-out costs when calculating the total investment required to rent a shop in this prestigious Central Hong Kong location.

What's the foot traffic like on Man Kwong Street, Causeway Bay, Hong Kong?

Man Kwong Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends. Located in one of Hong Kong's busiest commercial districts, this street connects major shopping areas and attracts both locals and tourists exploring Causeway Bay's retail offerings. The foot traffic on Man Kwong Street typically increases during lunch hours from 12pm to 2pm and evening shopping periods from 6pm to 9pm, as office workers and shoppers navigate between the numerous shopping malls, restaurants, and commercial buildings in the area. Weekend foot traffic tends to be heavier due to increased leisure shopping and dining activities, with the street serving as a key pedestrian route connecting to nearby MTR stations and major shopping centers like Times Square and Sogo. The consistent flow of pedestrians on Man Kwong Street makes it an attractive location for retail businesses and reflects Causeway Bay's status as one of Hong Kong's premier shopping and commercial districts.