Shops for Rent on Broadwood Road, Hong Kong

Why rent a shop on Broadwood Road, Happy Valley, Hong Kong?

Renting a shop on Broadwood Road, Hong Kong, offers strategic advantages due to its prime location in Happy Valley, one of the city’s upscale and well-connected neighborhoods. Broadwood Road provides convenient access to major business districts like Central and Causeway Bay, making it ideal for retail businesses seeking high visibility and foot traffic from both local residents and professionals. The area benefits from excellent public transportation links and proximity to prestigious commercial buildings, enhancing customer accessibility. Additionally, Happy Valley’s affluent demographic and vibrant community contribute to a strong consumer base, supporting diverse retail opportunities. These factors combined make Broadwood Road a sought-after location for businesses looking to establish a reputable presence in a dynamic Hong Kong district.

How much does it cost to rent a shop on Broadwood Road, Happy Valley, Hong Kong?

The cost to rent a shop on Broadwood Road in Happy Valley, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month, depending on the size, location, and condition of the commercial space. Shop rental prices on Broadwood Road vary significantly based on factors such as square footage, street-level visibility, proximity to MTR stations, and the specific section of the road, with ground floor retail spaces commanding higher rents than upper floor units. Small retail shops of 200-400 square feet may cost between HK$25,000 to HK$45,000 monthly, while larger commercial spaces exceeding 800 square feet can reach HK$60,000 to HK$80,000 per month. Happy Valley's Broadwood Road benefits from high foot traffic due to its residential density and proximity to Happy Valley Racecourse, making it an attractive location for restaurants, cafes, convenience stores, and retail businesses. Prospective tenants should also budget for additional costs including management fees, rates, government rent, security deposits equivalent to 2-3 months rent, and potential key money or premium payments that can add 10-30% to the total leasing cost in this competitive Hong Kong commercial property market.

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

Broadwood 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 complex and surrounding retail areas. As a secondary street connecting to the main Causeway Bay shopping district, Broadwood Road sees a steady flow of pedestrians, tourists, and local residents, especially between 11 AM and 9 PM when most shops and restaurants are operating. The foot traffic on Broadwood Road tends to be heaviest during lunch hours (12 PM to 2 PM) and evening shopping periods (6 PM to 8 PM), with additional surges during major shopping seasons like Chinese New Year and Christmas holidays. While not as intensely crowded as the main Russell Street or Hennessy Road corridors, Broadwood Road maintains consistent pedestrian activity due to its proximity to MTR Causeway Bay Station and popular dining establishments, making it an attractive location for retail businesses seeking good visibility without the premium costs of frontline shopping streets in one of Hong Kong's busiest commercial districts.