Shops for Rent on Tung Shan Terrace, Hong Kong

Why rent a shop on Tung Shan Terrace, Happy Valley, Hong Kong?

Renting a shop on Tung Shan Terrace, Hong Kong, offers a strategic advantage due to its prime location in the Mid-Levels East area, known for its tranquil environment and scenic views over Happy Valley Racecourse and Causeway Bay. The area features low-rise developments that provide a refined and exclusive atmosphere appealing to upscale retail businesses. Shops here benefit from good connectivity, with nearby bus stops and easy access to major roads, making it convenient for both locals and tourists. Additionally, Tung Shan Terrace's proximity to residential neighborhoods ensures a steady flow of potential customers, while the calm street setting supports a premium shopping experience. These factors make Tung Shan Terrace an attractive location for businesses seeking a blend of accessibility, visibility, and a prestigious address in Hong Kong.

How much does it cost to rent a shop on Tung Shan Terrace, Happy Valley, Hong Kong?

The cost to rent a shop on Tung Shan Terrace in Happy Valley, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month, depending on the size, location within the street, and condition of the retail space. Ground floor shops with good street visibility and foot traffic generally command higher rents, often between HK$50,000 to HK$80,000 monthly for spaces around 300-500 square feet. Smaller retail units or those on upper floors may be available for HK$25,000 to HK$40,000 per month. Tung Shan Terrace shop rental prices are influenced by Happy Valley's status as an established residential area with steady local foot traffic, proximity to Happy Valley Racecourse, and excellent public transport connections. Additional costs when renting a shop on Tung Shan Terrace include management fees, rates, government rent, and typically a security deposit equivalent to 2-3 months rent. Current market conditions, the specific terms of the lease agreement, and seasonal demand fluctuations can significantly impact the final rental cost for retail spaces in this popular Happy Valley location.

What's the foot traffic like on Tung Shan Terrace, Causeway Bay, Hong Kong?

Tung Shan Terrace 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 Causeway Bay's bustling retail district. The foot traffic on Tung Shan Terrace is primarily driven by office workers during weekday lunch hours and evening rush periods, as the area houses several commercial buildings and is well-connected to the Causeway Bay MTR station. Pedestrian flow tends to be heaviest between 12pm-2pm and 6pm-8pm on weekdays, while weekends see consistent high foot traffic from 11am-9pm as both locals and tourists navigate through this central Causeway Bay location to access shopping centers, restaurants, and entertainment venues. The terrace benefits from its strategic position near major attractions like Victoria Park and its proximity to popular shopping destinations, making it a well-traversed pedestrian route with steady foot traffic that supports local businesses and retail establishments throughout the year.