Shops for Rent on Lung Wah Street, Hong Kong

Why rent a shop on Lung Wah Street, Kennedy Town, Hong Kong?

Renting a shop on Lung Wah Street in Hong Kong offers strategic advantages due to its established location within Kowloon City, known for its vibrant community and commercial activity. Lung Wah Street benefits from proximity to key residential and educational areas, providing a steady flow of potential customers. Moreover, the Lung Wah Building, situated nearby on Lung Kong Road, dates back to 1978, reflecting the area's long-standing development and stability for businesses. This location supports retail shops seeking accessibility and visibility in a well-connected district, making it an attractive choice for entrepreneurs and retailers aiming to tap into the local market in Hong Kong.

How much does it cost to rent a shop on Lung Wah Street, Kennedy Town, Hong Kong?

The cost to rent a shop on Lung Wah Street 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 Lung Wah Street generally command higher rents due to better foot traffic and visibility, with shops near the Kennedy Town MTR station entrance often priced at the upper end of the range. Smaller units of around 200-400 square feet may rent for HK$25,000 to HK$40,000 monthly, while larger corner shops or premium locations can reach HK$60,000 to HK$80,000 per month. Kennedy Town has experienced significant gentrification since the MTR extension opened, making Lung Wah Street an increasingly popular commercial area for restaurants, cafes, and retail businesses. Prospective tenants should also budget for additional costs including management fees, rates, government rent, and utility deposits when calculating the total cost of renting a shop on Lung Wah Street. Market conditions and the specific terms of lease agreements can significantly impact final rental prices, so consulting with local commercial real estate agents is recommended for current market rates.

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

Lung Wah Street 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. As a secondary street located between the bustling Russell Street and Percival Street corridors, Lung Wah Street sees steady pedestrian flow from both local residents and tourists exploring Causeway Bay's commercial area. The foot traffic tends to be heaviest during lunch hours from 12pm to 2pm when office workers visit nearby restaurants and eateries, and again in the evening from 6pm to 9pm as people finish work and engage in shopping and dining activities. Weekend foot traffic on Lung Wah Street typically increases by 30-40% compared to weekdays, with the street serving as a convenient pedestrian route connecting major shopping destinations in Causeway Bay. The presence of various shops, restaurants, and service establishments along Lung Wah Street contributes to consistent pedestrian activity, making it a viable location for retail businesses seeking steady customer flow in one of Hong Kong's premier shopping districts.