Shops for Rent on Tim Wa Avenue, Hong Kong

Why rent a shop on Tim Wa Avenue, Central, Hong Kong?

Renting a shop on Tim Wa Avenue in Hong Kong is an excellent choice due to its vibrant retail environment and strategic location in Sham Shui Po, a bustling district known for its diverse shopping options. Tim Wa Avenue benefits from heavy foot traffic driven by shoppers seeking everything from electronics and fashion to unique local products, making it a prime spot for retail businesses aiming to attract a broad customer base. Additionally, the area is well-served by public transportation, including nearby MTR stations, enhancing accessibility for both customers and staff. The dynamic mix of traditional markets and modern retail stores in Sham Shui Po adds to the appeal of establishing a presence on Tim Wa Avenue, providing ample opportunities for brand exposure and customer engagement in one of Hong Kong’s key commercial districts. This combination of location, accessibility, and retail diversity makes renting a shop on Tim Wa Avenue a smart investment for businesses looking to thrive in Hong Kong’s competitive market.

How much does it cost to rent a shop on Tim Wa Avenue, Central, Hong Kong?

The cost to rent a shop on Tim Wa Avenue in Central, Hong Kong varies significantly depending on factors such as unit size, floor level, and specific location along the street. As of 2024, retail rental prices on Tim Wa Avenue typically range from HK$80 to HK$200 per square foot per month for ground floor units, with smaller shops of 200-500 square feet commanding monthly rents between HK$16,000 to HK$100,000. Upper floor retail spaces generally cost 20-40% less than ground floor premises, while corner units or those with better street visibility can command premium rates up to HK$250 per square foot monthly. The high rental costs reflect Tim Wa Avenue's prime Central location with excellent foot traffic, proximity to major office buildings, MTR stations, and the prestigious IFC shopping complex. Prospective tenants should also budget for additional costs including rates, management fees, air conditioning charges, and typically three months' rent as security deposit, bringing total upfront costs to approximately 6-8 months of base rent when establishing a retail business on this coveted Hong Kong shopping street.

What's the foot traffic like on Tim Wa Avenue, Causeway Bay, Hong Kong?

Tim Wa Avenue 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 prime shopping district, Tim Wa Avenue sees constant streams of shoppers, tourists, and office workers, with peak congestion typically occurring during lunch hours from 12pm to 2pm and evening shopping periods from 6pm to 9pm. The foot traffic on Tim Wa Avenue is particularly dense on weekends and public holidays when both locals and international visitors flock to the numerous shopping malls, department stores, and restaurants that line this popular Hong Kong street. During major shopping seasons like Christmas, Chinese New Year, and summer sales periods, pedestrian volume on Tim Wa Avenue can become extremely crowded, often requiring slow-moving navigation through the packed sidewalks. The high foot traffic density on this Causeway Bay thoroughfare is driven by its proximity to major attractions including Times Square, SOGO department store, and numerous luxury retail outlets, making Tim Wa Avenue a must-visit destination that contributes significantly to Hong Kong's reputation as a premier shopping hub in Asia.