Shops for Rent on On Hing Terrace, Hong Kong
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Why rent a shop on On Hing Terrace, Central, Hong Kong?
Renting a shop on On Hing Terrace, Hong Kong offers a strategic location advantage combined with modern commercial facilities, making it an ideal choice for businesses seeking visibility and accessibility. Situated in Central, just a short 5-minute walk from the Central MTR station, On Hing Building provides convenient transport links, boosting customer foot traffic. The building comprises 23 floors with a mix of office and semi-retail spaces, suitable for diverse business types, especially those in beauty, fitness, technology, and professional services. Competitive rental rates around HK$35-39 per square foot and proximity to key business hubs like Lan Kwai Fong and Central Tower add to its appeal. Additionally, the single ownership ensures streamlined management, and the availability of shops in various sizes accommodates different business needs, making On Hing Terrace an excellent location for retail and mixed-use commercial operations in Hong Kong’s prime business district.
How much does it cost to rent a shop on On Hing Terrace, Central, Hong Kong?
The cost to rent a shop on On Hing Terrace in Central, Hong Kong varies significantly depending on the specific location, size, and condition of the retail space. Ground floor shops on On Hing Terrace typically command premium rental rates due to their prime Central district location, with monthly rents ranging from HK$80,000 to HK$300,000 or more for smaller retail units. Larger commercial spaces or those with better street frontage can exceed HK$500,000 per month, while upper floor retail spaces generally offer more affordable options starting from HK$40,000 to HK$150,000 monthly. The rental cost per square foot on On Hing Terrace Central usually falls between HK$150 to HK$400 per square foot per month, making it one of the more expensive retail locations in Hong Kong due to its proximity to major business districts, excellent transportation links, and high foot traffic. Prospective tenants should also budget for additional costs including management fees, rates, government rent, and typically a security deposit equivalent to 2-3 months rent when leasing shop space on On Hing Terrace.
What's the foot traffic like on On Hing Terrace, Causeway Bay, Hong Kong?
On Hing Terrace in Causeway Bay, Hong Kong experiences moderate foot traffic throughout the day, with peak activity occurring during lunch hours and evening periods when nearby office workers and residents frequent the area. Located in one of Hong Kong's busiest shopping and commercial districts, this small terrace street sees a steady flow of pedestrians, though significantly less than the main thoroughfares like Russell Street or Yee Wo Street. The foot traffic on On Hing Terrace is primarily composed of locals accessing residential buildings, small businesses, and restaurants in the vicinity, with occasional tourists exploring the quieter side streets of Causeway Bay. During weekdays, the pedestrian volume increases during morning and evening rush hours as commuters navigate between the MTR stations and their destinations, while weekends tend to see more leisurely foot traffic from shoppers and diners visiting the area's establishments. The terrace's relatively narrow width and residential nature means it maintains a more intimate, local atmosphere compared to the heavily congested main shopping streets of Causeway Bay.
