Shops for Rent on Broom Road, Hong Kong

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

Renting a shop on Broom Road in Hong Kong is an attractive choice due to its prime location in the vibrant Happy Valley area of Wan Chai District, known for its mix of residential and commercial activities. This street offers strategic access to a diverse customer base, including local residents and visitors, making it ideal for retail businesses seeking steady foot traffic and high visibility. Additionally, properties on Broom Road benefit from established infrastructure and accessibility, contributing to smooth business operations and customer convenience. The area's reputation as a well-connected, bustling neighborhood enhances the potential for business growth and brand exposure, making it a smart investment for shop rentals.

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

The cost to rent a shop on Broom Road in Happy Valley, Hong Kong typically ranges from HK$30,000 to HK$80,000 per month, depending on the size, location along the street, and condition of the property. Ground floor retail spaces on Broom Road generally command higher rental rates due to their prime visibility and foot traffic, with smaller shops of 200-400 square feet averaging HK$35,000 to HK$50,000 monthly, while larger commercial units exceeding 500 square feet can reach HK$60,000 to HK$80,000 per month. The rental prices for Broom Road shops in Happy Valley are influenced by factors such as proximity to Happy Valley MTR station, nearby amenities like restaurants and residential buildings, parking availability, and the overall economic climate in Hong Kong's retail property market. Prospective tenants should also budget for additional costs including management fees, rates, government rent, and security deposits equivalent to 2-3 months rent when calculating the total investment required to lease a shop on Broom Road, Happy Valley.

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

Broom 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 districts. As a connecting street in one of Hong Kong's busiest commercial areas, Broom Road sees consistent pedestrian flow from both locals and tourists navigating between Causeway Bay's major attractions, restaurants, and shopping centers. The foot traffic tends to be heaviest during lunch hours from 12-2 PM and evening hours from 6-9 PM when office workers and shoppers move through the area. Weekend foot traffic on Broom Road typically increases significantly as Causeway Bay attracts large numbers of visitors to its world-renowned shopping and dining scene. The street's proximity to Causeway Bay MTR station and major bus routes also contributes to steady pedestrian traffic throughout the day, making it a well-traveled thoroughfare in this vibrant Hong Kong district.