Shops for Rent on Tsoi Tak Street, Hong Kong

Why rent a shop on Tsoi Tak Street, Happy Valley, Hong Kong?

Renting a shop on Tsoi Tak Street in Hong Kong offers a unique opportunity due to its strategic location in the vibrant Happy Valley neighborhood, known for its blend of traditional charm and modern appeal. Despite being one of the shortest streets in Hong Kong, Tsoi Tak Street connects key roads such as Sing Woo Road and Blue Pool Road, providing good local foot traffic and accessibility. The area is gaining recognition for its mix of residential and commercial activities, including well-regarded dining establishments like Hong Kong Cuisine, which attract both locals and tourists. Choosing a shop here allows businesses to tap into a community with steady visitor flow in a less congested environment than busier districts, making it ideal for niche retail, boutique shops, or specialized services looking for a distinct local presence. This street’s mix of traditional atmosphere and emerging modern usage creates promising potential for retail success in Happy Valley.

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

The cost to rent a shop on Tsoi Tak Street 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. Ground floor retail shops on Tsoi Tak Street command higher rental prices due to better foot traffic and visibility, with prime locations near the Happy Valley Racecourse often exceeding HK$60 per square foot monthly. Smaller shops suitable for cafes, boutiques, or service businesses may start around HK$25,000 monthly, while larger retail spaces or those in premium positions can reach HK$80,000 or more per month. Factors affecting Tsoi Tak Street shop rental costs include proximity to MTR stations, building age, ceiling height, and the presence of management fees which typically add 10-15% to the base rent. Prospective tenants should also budget for additional costs including rates, utilities, renovation deposits, and agency commissions when calculating the total cost of renting commercial property in Happy Valley's competitive retail market.

What's the foot traffic like on Tsoi Tak Street, Causeway Bay, Hong Kong?

Tsoi Tak Street in Causeway Bay, Hong Kong experiences moderate to heavy foot traffic throughout the day, particularly during peak shopping hours and weekends when visitors flock to the nearby Times Square shopping mall and Causeway Bay's bustling retail district. As a connecting street in one of Hong Kong's most popular shopping areas, Tsoi Tak Street sees consistent pedestrian flow from both locals and tourists navigating between major attractions, MTR stations, and commercial establishments. The foot traffic tends to be heaviest during lunch hours from 12-2 PM and evening shopping periods from 6-9 PM, with weekend afternoons drawing the largest crowds due to Causeway Bay's reputation as a premier shopping destination. The street's proximity to luxury boutiques, department stores, and dining establishments ensures steady pedestrian activity, though it remains less congested than the main thoroughfares like Hennessy Road or Russell Street, making it a relatively accessible route for those looking to avoid the heaviest crowds while still being in the heart of Causeway Bay's commercial zone.