Shops for Rent on Concorde Road, Hong Kong

Why rent a shop on Concorde Road, Kai Tak, Hong Kong?

Renting a shop on Concorde Road, Hong Kong, offers a strategic opportunity to be part of Kai Tak's largest and most dynamic retail and lifestyle hub. The area features The Twins, a prominent shopping complex with 1.1 million square feet of retail space including flagship stores like SOGO, attracting a diverse and affluent customer base. Additionally, Airside, a newly opened mall on Concorde Road easily accessible via Kai Tak MTR Station, offers modern, sustainable design with a mix of midrange and boutique retailers, eateries, galleries, and vibrant outdoor spaces. This combination makes Concorde Road an ideal location for businesses seeking high foot traffic, excellent connectivity, and a cutting-edge shopping environment in East Kowloon.

How much does it cost to rent a shop on Concorde Road, Kai Tak, Hong Kong?

The cost to rent a shop on Concorde Road in Kai Tak, Hong Kong typically ranges from HKD 30 to HKD 80 per square foot per month, depending on factors such as shop size, location along the road, and property condition. Ground floor retail spaces on Concorde Road generally command higher rental rates due to better visibility and foot traffic, with prime locations near the Kai Tak Development area potentially reaching the upper end of this range. Smaller shops of 200-500 square feet may cost between HKD 15,000 to HKD 25,000 monthly, while larger retail units exceeding 1,000 square feet could require monthly rents of HKD 50,000 to HKD 80,000 or more. The rental market in Kai Tak has experienced growth due to ongoing urban development projects and improved transportation links, making Concorde Road an increasingly attractive location for retail businesses. Prospective tenants should also budget for additional costs including management fees, rates, government rent, and security deposits equivalent to 2-3 months rent when calculating the total cost of renting a shop on Concorde Road.

What's the foot traffic like on Concorde Road, Causeway Bay, Hong Kong?

Concorde Road 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. Located in one of Hong Kong's busiest commercial areas, Concorde Road sees consistent pedestrian flow from office workers, tourists, and local shoppers navigating between the Causeway Bay MTR station and major shopping destinations. The foot traffic tends to be heaviest during lunch hours from 12pm to 2pm and evening periods from 6pm to 9pm, with additional spikes during public holidays and major shopping events. Weekend foot traffic on Concorde Road typically increases by 30-40% compared to weekdays, as both local residents and international tourists visit Causeway Bay's numerous boutiques, restaurants, and entertainment venues. The pedestrian volume makes Concorde Road an attractive location for retail businesses and street-level commercial activities, though the intensity can vary depending on weather conditions and seasonal shopping patterns throughout the year.