Shops for Rent on Wong Nai Chung Road, Hong Kong
See all%2520(2).jpeg)
Why rent a shop on Wong Nai Chung Road, Happy Valley, Hong Kong?
Renting a shop on Wong Nai Chung Road in Hong Kong offers strategic advantages due to its prime location in Happy Valley, a vibrant and well-established area. The road encircles the Happy Valley Racecourse, providing excellent foot traffic from racegoers and visitors to nearby landmarks such as the Hong Kong Sanatorium & Hospital and the Hong Kong Football Club. Wong Nai Chung Road also benefits from convenient transport connections, including proximity to Causeway Bay MTR station and various bus routes, enhancing accessibility for customers. Additionally, the area supports a mix of commercial and residential use, making it attractive for diverse business types. Its historical significance and presence of schools and high-end dining options contribute to a stable, affluent neighborhood, ideal for retail or service-oriented shops seeking visibility and a steady customer base. These factors combine to make Wong Nai Chung Road an excellent choice for shop rental in Hong Kong.
How much does it cost to rent a shop on Wong Nai Chung Road, Happy Valley, Hong Kong?
The cost to rent a shop on Wong Nai Chung Road in Happy Valley, Hong Kong varies significantly depending on the size, location, and condition of the property, with monthly rental rates typically ranging from HK$30,000 to HK$150,000 for street-level retail spaces. Ground floor shops in prime locations along Wong Nai Chung Road command premium prices, often between HK$80 to HK$200 per square foot per month, while smaller units or those on upper floors may rent for HK$40 to HK$100 per square foot monthly. Happy Valley's Wong Nai Chung Road is considered a desirable commercial location due to its proximity to the Happy Valley Racecourse, residential complexes, and good transportation links, which drives rental demand and pricing. Factors affecting shop rental costs include foot traffic, visibility from the street, nearby amenities, lease terms, and current market conditions in Hong Kong's retail property sector. Prospective tenants should budget for additional costs such as management fees, rates, government rent, utilities, and typically three months deposit plus one month advance rent when securing a retail space on Wong Nai Chung Road.
What's the foot traffic like on Wong Nai Chung Road, Causeway Bay, Hong Kong?
Wong Nai Chung Road in Causeway Bay, Hong Kong experiences heavy foot traffic throughout the day, particularly during peak shopping hours and weekends when thousands of locals and tourists frequent the area's numerous retail outlets, restaurants, and entertainment venues. The foot traffic on Wong Nai Chung Road is consistently high due to its strategic location connecting major shopping districts like Times Square and Fashion Walk, with pedestrian volume typically reaching its peak between 11 AM to 9 PM on weekdays and remaining busy until late evening on weekends. This bustling Hong Kong street sees significant pedestrian congestion during lunch hours as office workers from nearby commercial buildings flood the sidewalks, while evening foot traffic increases substantially as shoppers and diners explore the vibrant Causeway Bay district. The high foot traffic density on Wong Nai Chung Road makes it one of Hong Kong's most crowded pedestrian areas, with steady streams of people walking between MTR stations, shopping centers, and the numerous flagship stores that line this major Causeway Bay thoroughfare.
