Shops for Rent on Lun Hing Street, Hong Kong

Why rent a shop on Lun Hing Street, Happy Valley, Hong Kong?

Renting a shop on Lun Hing Street, Hong Kong, offers strategic advantages for businesses seeking exposure in a vibrant and established commercial area. Located in the North District, Lun Hing Street benefits from its long-standing presence since 1965, providing a stable and recognizable location. This street is suitable for retailers wanting to tap into a local customer base in a neighborhood with a mix of residential and commercial activity, ensuring steady foot traffic. Moreover, renting here is often more affordable compared to busier central shopping districts like Central, making it an attractive option for startups or small businesses aiming to grow with lower overhead costs. The area’s accessibility and community atmosphere create an ideal environment for diverse retail ventures.

How much does it cost to rent a shop on Lun Hing Street, Happy Valley, Hong Kong?

The cost to rent a shop on Lun Hing Street in Happy Valley, Hong Kong varies significantly depending on the size, location, and condition of the commercial space. Retail rental prices on Lun Hing Street typically range from HK$40 to HK$80 per square foot per month, with ground floor shops commanding premium rates due to higher foot traffic and visibility. Smaller shops of 200-500 square feet may cost between HK$15,000 to HK$35,000 monthly, while larger retail spaces exceeding 1,000 square feet can reach HK$60,000 to HK$120,000 per month. Additional costs for renting a shop on Lun Hing Street include government rates, management fees, utility deposits, and fitting-out expenses. The Happy Valley location offers good accessibility with nearby MTR stations and residential density, making it attractive for retail businesses targeting local residents and tourists. Property agents specializing in Happy Valley commercial real estate can provide current market rates and available shop spaces on Lun Hing Street, as rental prices fluctuate based on market conditions and seasonal demand.

What's the foot traffic like on Lun Hing Street, Causeway Bay, Hong Kong?

Lun Hing 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 sees a steady flow of both local residents and tourists who frequent the nearby shopping centers, restaurants, and business establishments. The foot traffic on Lun Hing Street is heaviest during lunch hours from 12pm to 2pm when office workers venture out for meals, and again in the evening from 6pm to 9pm as people finish work and engage in shopping or dining activities. Weekends typically bring increased pedestrian activity as families and tourists explore the Causeway Bay area, making Lun Hing Street a consistently busy thoroughfare. The street's proximity to major shopping destinations like Times Square and Sogo department store contributes to its sustained foot traffic, while the presence of various retail shops, cafes, and service businesses along the street itself draws additional pedestrians throughout the day.