Shops for Rent on Yik Yam Street, Hong Kong
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Why rent a shop on Yik Yam Street, Happy Valley, Hong Kong?
Renting a shop on Yik Yam Street, Hong Kong, offers a strategic location in the vibrant Wan Chai District, known for its mix of residential and commercial activities. Yik Yam Street is situated in the popular Happy Valley area, providing access to a diverse customer base and steady foot traffic. Shops here benefit from proximity to established neighborhoods and convenient transport links, making it ideal for retail businesses seeking visibility and accessibility. Additionally, the street has a long-standing presence in the community, with properties dating back to the 1960s, which often contributes to a stable commercial environment. This combination of location, community, and accessibility makes renting a shop on Yik Yam Street an attractive opportunity for business owners looking to establish or expand their presence in Hong Kong.
How much does it cost to rent a shop on Yik Yam Street, Happy Valley, Hong Kong?
The cost to rent a shop on Yik Yam Street in Happy Valley, Hong Kong varies significantly depending on the size, location, and condition of the retail space. Ground floor shop rentals on Yik Yam Street typically range from HKD 80,000 to HKD 200,000 per month for spaces between 400 to 1,000 square feet, making the average rental rate approximately HKD 200 to HKD 250 per square foot. Happy Valley is considered a prime retail location due to its proximity to the famous Happy Valley Racecourse and high foot traffic from both locals and tourists. Factors affecting Yik Yam Street shop rental prices include street-facing visibility, proximity to MTR stations, building age, and the presence of nearby restaurants and entertainment venues. Smaller retail units of 200 to 400 square feet may rent for HKD 40,000 to HKD 80,000 monthly, while larger premium spaces exceeding 1,000 square feet can command rents of HKD 250,000 or more per month. Prospective tenants should also budget for additional costs including management fees, rates, government rent, and typically a three-month security deposit when leasing commercial property in Happy Valley.
What's the foot traffic like on Yik Yam Street, Causeway Bay, Hong Kong?
Yik Yam Street in Causeway Bay, Hong Kong experiences exceptionally high foot traffic throughout the day, making it one of the busiest pedestrian areas in the district. Located in the heart of Causeway Bay's prime shopping zone, Yik Yam Street connects major retail destinations including Times Square, SOGO department store, and numerous fashion boutiques, resulting in continuous crowds of both local shoppers and international tourists. Peak foot traffic typically occurs during weekends, public holidays, and evening hours between 6 PM to 10 PM when office workers join tourists for dining and shopping activities. The street's strategic position near Causeway Bay MTR station and its role as a key thoroughfare between major shopping centers ensures consistent pedestrian flow from early morning until late night. During major shopping seasons such as Chinese New Year, Christmas, and summer sales periods, foot traffic on Yik Yam Street can become extremely congested, with slow-moving crowds common during these peak retail periods. Business owners and visitors should expect heavy pedestrian traffic year-round on this central Causeway Bay street, particularly during typical Hong Kong shopping hours and tourist seasons.
