Shops for Rent on Yuen Yuen Street, Hong Kong

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

Renting a shop on Yuen Yuen Street in Hong Kong is an excellent choice due to its location in the bustling Mong Kok district, known for its vibrant street markets such as the famous Fa Yuen Street Market and Sneaker Street. This area attracts both locals and tourists, providing high foot traffic and diverse customer bases for retailers. The market offers a mix of affordable clothing, accessories, household products, and specialty shops like athletic footwear outlets, ensuring a dynamic retail environment. Additionally, the street’s consistent busy atmosphere throughout the week and during holiday seasons like Chinese New Year creates numerous opportunities for sales and brand exposure. The blend of traditional market charm and competitive prices makes Yuen Yuen Street an attractive retail location for businesses seeking visibility in one of the world’s highest density shopping districts.

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

The cost to rent a shop on Yuen Yuen Street in Happy Valley, Hong Kong varies significantly depending on factors such as shop size, location along the street, and current market conditions. Based on recent market data, retail spaces on Yuen Yuen Street typically range from HK$25,000 to HK$80,000 per month for ground floor units between 300 to 1,000 square feet. Prime locations near the Happy Valley MTR station or main intersections command higher rents, often reaching HK$60 to HK$120 per square foot monthly, while smaller shop spaces or those in less prominent positions may be available for HK$30 to HK$50 per square foot. Additional costs for renting a shop on Yuen Yuen Street include management fees, rates and government rent, utilities, and potentially key money or security deposits equivalent to 2-3 months rent. The Happy Valley retail market remains competitive due to its excellent transportation links, residential density, and proximity to the racecourse, making Yuen Yuen Street an attractive location for restaurants, cafes, retail stores, and service businesses seeking to establish a presence in this popular Hong Kong district.

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

Yuen Yuen Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when the area's numerous retail outlets, restaurants, and commercial establishments draw both locals and tourists. Located in one of Hong Kong's busiest shopping districts, Yuen Yuen Street benefits from its proximity to major attractions like Times Square, SOGO department store, and the Causeway Bay MTR station, which significantly contributes to the consistent pedestrian flow. The street typically sees increased foot traffic during lunch hours as office workers from nearby commercial buildings visit the various dining options, while evenings and weekends bring heavier crowds of shoppers and tourists exploring the vibrant Causeway Bay retail scene. The pedestrian volume on Yuen Yuen Street is generally lighter compared to the main thoroughfares like Hennessy Road or Russell Street, but remains substantial due to its strategic location connecting key shopping areas and its mix of local businesses, making it an important secondary street in Causeway Bay's bustling urban landscape.