Shops for Rent on Village Terrace, Hong Kong

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

Renting a shop on Village Terrace, Hong Kong, offers a strategic location in the vibrant Happy Valley district, known for its mix of residential and commercial properties. Village Terrace provides access to a well-established neighborhood with a stable community and proximity to Wan Chai’s commercial hub, making it ideal for businesses targeting local residents and visitors. The area features convenient transportation links and a prestigious school net, which can attract steady foot traffic and enhance business visibility. Additionally, shops in this area benefit from a mix of modern amenities and a reputable environment, offering excellent potential for retail, service, or boutique enterprises looking to establish a presence in a sought-after Hong Kong Island locale. The availability of a limited number of units ensures a more exclusive and quieter setting compared to busier commercial districts, which can be advantageous for specialized shops seeking quality customer engagement. Overall, renting a shop on Village Terrace is suitable for businesses aiming to combine accessibility, community appeal, and upscale surroundings in Hong Kong’s competitive retail market.

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

The cost to rent a shop on Village Terrace in Happy Valley, Hong Kong typically ranges from HK$80 to HK$200 per square foot per month, depending on the specific location, shop size, and ground floor accessibility. Village Terrace Happy Valley shop rental prices are influenced by factors such as proximity to Happy Valley MTR station, foot traffic levels, and the condition of the retail space. Ground floor shops with street-level access on Village Terrace generally command higher rents between HK$150-200 per square foot monthly, while upper floor retail units may rent for HK$80-120 per square foot per month. Small retail spaces of 200-500 square feet on Village Terrace can expect monthly rents ranging from HK$16,000 to HK$100,000, making this area a moderately priced retail location compared to prime shopping districts like Causeway Bay or Central. Prospective tenants should also budget for additional costs including rates, management fees, utility deposits, and typically three months rent as security deposit when leasing shop space on Village Terrace in Happy Valley.

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

Village Terrace in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when the area attracts both locals and tourists exploring one of Hong Kong's busiest commercial districts. Located in the heart of Causeway Bay, Village Terrace benefits from its proximity to major shopping destinations like Times Square, SOGO department store, and numerous retail outlets, which draws consistent pedestrian flow from morning through evening. The foot traffic on Village Terrace tends to be heaviest between 11 AM and 9 PM, with notable increases during lunch hours when office workers from nearby commercial buildings frequent the area's restaurants and cafes. Weekend foot traffic on Village Terrace is generally higher than weekdays due to leisure shoppers and tourists visiting Causeway Bay's attractions, while the street's accessibility via Causeway Bay MTR station contributes to steady pedestrian movement throughout the week. Business owners and visitors to Village Terrace can expect bustling street activity that reflects Causeway Bay's status as one of Hong Kong's premier shopping and dining districts.