Shops for Rent on Peace Avenue, Hong Kong

Why rent a shop on Peace Avenue, Ho Man Tin, Hong Kong?

Renting a shop on Peace Avenue, Hong Kong, is an excellent opportunity for businesses looking to establish themselves in a vibrant urban area south of Mongkok East MTR Station. Peace Avenue offers good foot traffic due to its mix of local lifestyle spots, including popular specialty coffee shops like Black Sugar Coffee & Lifestyle, which attract a steady stream of customers. The street's location in Ho Man Tin provides convenient access to other commercial hubs in Hong Kong, making it ideal for retail, cafes, or lifestyle enterprises aiming for visibility and connection with both locals and visitors. Its dynamic neighborhood vibe supports a range of business types, ensuring your shop benefits from a diverse and engaged customer base. This makes Peace Avenue a strategic choice for entrepreneurs seeking to grow their brand in one of Hong Kong's thriving districts.

How much does it cost to rent a shop on Peace Avenue, Ho Man Tin, Hong Kong?

The cost to rent a shop on Peace Avenue in Ho Man Tin, Hong Kong varies significantly depending on the size, location, and condition of the property, with monthly rental prices typically ranging from HK$15,000 to HK$50,000 for smaller retail spaces and potentially exceeding HK$80,000 for larger or premium locations. Shop rental costs on Peace Avenue Ho Man Tin are influenced by factors such as foot traffic, proximity to MTR stations, storefront visibility, and the overall commercial viability of the area. Ground floor retail spaces generally command higher rents compared to upper floor units, while corner shops or those near popular residential complexes may also carry premium pricing. Current market conditions suggest that retail rental rates in Ho Man Tin have remained relatively stable, making Peace Avenue an attractive option for small to medium-sized businesses looking for affordable commercial space in Kowloon. Prospective tenants should expect additional costs including management fees, rates, government rent, and utility deposits when budgeting for shop rental on Peace Avenue, and it's advisable to consult with local commercial real estate agents for the most current pricing and availability information.

What's the foot traffic like on Peace Avenue, Causeway Bay, Hong Kong?

Peace Avenue in Causeway Bay, Hong Kong experiences exceptionally high foot traffic throughout the day, making it one of the busiest pedestrian areas in the city. Located in the heart of Causeway Bay's prime shopping district, Peace Avenue sees its peak foot traffic during weekends and evenings when locals and tourists flock to the numerous shopping malls, restaurants, and entertainment venues in the area. The street connects major attractions like Times Square, SOGO department store, and various luxury retail outlets, resulting in consistent pedestrian flow from morning until late night. During lunch hours on weekdays, office workers contribute significantly to the foot traffic as they visit nearby restaurants and cafes. Holiday periods and special events can see foot traffic increase dramatically, with the street becoming particularly crowded during Chinese New Year, Christmas, and major sales periods. The constant stream of shoppers, diners, and commuters using Peace Avenue as a transit route between Causeway Bay MTR station and various commercial buildings ensures that businesses along this street benefit from excellent visibility and customer exposure throughout the year.