Shops for Rent on Hee Wong Terrace, Hong Kong

Why rent a shop on Hee Wong Terrace, Kennedy Town, Hong Kong?

Renting a shop on Hee Wong Terrace, Hong Kong, offers a prime location advantage just a two-minute walk from Kennedy Town MTR Station, providing excellent accessibility through multiple bus and minibus routes. This connectivity ensures high foot traffic and easy transportation for customers and staff. The area, situated in the Central and Western District, features well-established residential and commercial spaces dating back to 1987, fostering a stable business environment. Additionally, rental prices on Hee Wong Terrace are competitively positioned, attracting tenants seeking value in a vibrant neighborhood with convenient urban amenities. This combination of location, transport links, and community makes Hee Wong Terrace an attractive choice for businesses looking to thrive in Hong Kong.

How much does it cost to rent a shop on Hee Wong Terrace, Kennedy Town, Hong Kong?

The cost to rent a shop on Hee Wong Terrace in Kennedy Town, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month, depending on the size, location within the street, and condition of the property. Ground floor retail spaces on Hee Wong Terrace generally command higher rents due to better foot traffic and visibility, with prime locations near the Kennedy Town MTR station fetching premium prices. Smaller shops of around 200-400 square feet may cost between HK$25,000 to HK$45,000 monthly, while larger retail units exceeding 800 square feet can reach HK$60,000 to HK$80,000 per month. The rental rates on Hee Wong Terrace have remained relatively stable compared to Central Hong Kong due to Kennedy Town's emerging status as a residential and commercial hub, making it an attractive option for businesses seeking more affordable retail space while maintaining accessibility to Hong Kong Island's business districts. Additional costs such as management fees, rates, and government rent should be factored into the total monthly expenses when budgeting for a shop rental on Hee Wong Terrace.

What's the foot traffic like on Hee Wong Terrace, Causeway Bay, Hong Kong?

Hee Wong Terrace in Causeway Bay, Hong Kong experiences moderate foot traffic levels compared to the bustling main shopping streets in the area. Located in a more residential section of Causeway Bay, this terrace sees steady pedestrian flow throughout the day, primarily consisting of local residents, office workers from nearby buildings, and visitors exploring the quieter side streets away from the crowded Times Square and Sogo department store areas. The foot traffic on Hee Wong Terrace tends to be heaviest during morning and evening rush hours when commuters are traveling to and from work, as well as during lunch hours when people seek dining options in the numerous restaurants and cafes along the street. While not as intensely crowded as major thoroughfares like Russell Street or Yee Wo Street, Hee Wong Terrace maintains consistent pedestrian activity due to its strategic location connecting residential areas with commercial zones in Causeway Bay. Weekend foot traffic generally increases as locals and tourists discover the street's authentic eateries and smaller retail shops, making it an accessible yet less overwhelming alternative to the district's main shopping corridors.