Shops for Rent on Tai Pak Terrace, Hong Kong

Why rent a shop on Tai Pak Terrace, Kennedy Town, Hong Kong?

Renting a shop on Tai Pak Terrace in Kennedy Town, Hong Kong offers a strategic location within a vibrant and established neighborhood known for its mix of residential and commercial spaces. Tai Pak Terrace, positioned at 36 Sands Street, benefits from its proximity to Hong Kong Island’s business districts, making it an ideal spot for retail or service-oriented businesses seeking access to both local residents and working professionals. The area around Tai Pak Terrace combines historical charm with modern development, and its well-planned infrastructure supports steady foot traffic, enhanced by nearby amenities like clubhouses and good school networks, adding to its appeal for business presence. Additionally, the rental prices and availability are competitive, reflecting a balance between affordability and premium positioning in a sought-after district, which can help retailers maximize visibility and customer engagement. Overall, Tai Pak Terrace offers a compelling option for entrepreneurs looking for a dynamic commercial environment in a thriving part of Hong Kong.

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

The cost to rent a shop on Tai Pak 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 Tai Pak Terrace generally command higher rents due to better foot traffic and visibility, with smaller units of 300-500 square feet averaging HK$30,000-45,000 monthly, while larger shops exceeding 800 square feet can reach HK$60,000-80,000 per month. The rental rates on Tai Pak Terrace have remained relatively stable compared to Central Hong Kong areas, making Kennedy Town an attractive option for small businesses and restaurants. Factors affecting shop rental prices include proximity to Kennedy Town MTR station, street-level access, existing fixtures and fittings, and lease terms, with most landlords requiring a security deposit equivalent to 2-3 months rent plus the first month's rent in advance. Prospective tenants should also budget for additional costs such as management fees, utilities, and potential renovation expenses when calculating the total cost of renting commercial space on Tai Pak Terrace.

What's the foot traffic like on Tai Pak Terrace, Causeway Bay, Hong Kong?

Tai Pak Terrace in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when the surrounding Causeway Bay district attracts thousands of locals and tourists. Located in one of Hong Kong's busiest commercial areas, the street benefits from its proximity to major shopping destinations like Times Square, SOGO department store, and numerous fashion boutiques that draw pedestrians through the neighborhood. Foot traffic on Tai Pak Terrace typically increases during lunch hours as office workers from nearby buildings seek dining options, and reaches its highest levels during evening hours and weekends when shoppers and tourists explore the vibrant Causeway Bay retail district. The pedestrian flow is also influenced by the nearby Causeway Bay MTR station, one of Hong Kong's busiest subway stops, which channels commuters and visitors through the area throughout the day. While not as densely packed as the main Russell Street or Hennessy Road corridors, Tai Pak Terrace maintains steady pedestrian activity due to its strategic location within the heart of Causeway Bay's shopping and dining precinct.