Shops for Rent on Soares Avenue, Hong Kong

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

Renting a shop on Soares Avenue, Hong Kong, offers a strategic opportunity for businesses to tap into one of the city's vibrant commercial hubs known for its dynamic retail environment. Located within or near popular shopping districts like Causeway Bay, Soares Avenue benefits from heavy foot traffic, proximity to major malls and vibrant street markets, making it ideal for retailers seeking visibility and access to diverse customer bases. The area attracts both local shoppers and tourists, thanks to the range of shopping options nearby, from luxury brands to mid-range and family-friendly outlets. This location is well-suited for businesses looking to capitalize on Hong Kong’s renowned shopping culture and convenient transport links, enhancing the potential for steady customer flow and brand exposure. Renting a shop here allows tenants to be part of a bustling retail ecosystem with ample dining, entertainment, and shopping attractions that boost shopper engagement throughout the year.

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

The cost to rent a shop on Soares Avenue in Ho Man Tin, Hong Kong typically ranges from HK$15,000 to HK$45,000 per month, depending on the size, location, and condition of the retail space. Shop rental prices on Soares Avenue vary significantly based on factors such as street-level visibility, foot traffic, proximity to MTR stations, and the specific area along this popular Ho Man Tin commercial street. Smaller retail units of 200-400 square feet generally command monthly rents between HK$15,000 to HK$25,000, while larger ground-floor shops exceeding 500 square feet can cost HK$30,000 to HK$45,000 or more per month. Commercial property rental rates in Ho Man Tin have remained relatively stable compared to prime shopping districts, making Soares Avenue an attractive option for small businesses and local retailers. When budgeting for a shop rental on Soares Avenue, tenants should also consider additional costs such as management fees, rates, government rent, and utility deposits, which typically add 10-20% to the base monthly rental cost.

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

Soares Avenue in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when visitors flock to the nearby Times Square shopping mall and surrounding retail districts. The pedestrian flow on Soares Avenue is consistently busy due to its strategic location connecting major commercial areas in Causeway Bay, with office workers, tourists, and local shoppers regularly using this street as a transit route between the MTR station and popular shopping destinations. Foot traffic typically peaks during lunch hours from 12pm to 2pm when office workers visit nearby restaurants and cafes, and again during evening hours from 6pm to 9pm when people finish work and engage in shopping and dining activities. The street maintains steady pedestrian activity even during off-peak hours due to its proximity to residential buildings, hotels, and the continuous stream of tourists exploring Causeway Bay's vibrant shopping and entertainment scene. Weekend foot traffic on Soares Avenue tends to be heavier than weekdays, as both locals and tourists spend more time shopping and exploring the area's numerous retail outlets, restaurants, and attractions.