Shops for Rent on Victoria Road, Hong Kong

Why rent a shop on Victoria Road, Kennedy Town, Hong Kong?

Renting a shop on Victoria Road, Hong Kong, offers the advantage of being situated in a bustling and prestigious area close to major commercial and cultural hubs. Victoria Road provides access to high foot traffic from both locals and tourists, especially near prominent locations like Tsim Sha Tsui, known for its vibrant shopping, dining, and entertainment scenes. The area is also close to luxury developments and mixed-use destinations such as Victoria Dockside, an emerging art and design district promoting creativity alongside premier retail and office spaces. This combination of prime location, nearby luxury hospitality options, and a thriving cultural atmosphere makes Victoria Road a strategic choice for businesses aiming to attract discerning customers and benefit from Hong Kong’s dynamic commercial environment. Additionally, well-connected public transport and continuous urban development around Victoria Road enhance its appeal for retail rental opportunities.

How much does it cost to rent a shop on Victoria Road, Kennedy Town, Hong Kong?

The cost to rent a shop on Victoria Road in Kennedy Town, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month, depending on the size, location, and condition of the retail space. Ground floor shops with street-facing frontage command premium rates of HK$50 to HK$120 per square foot, while smaller units or those on upper floors may cost between HK$30 to HK$70 per square foot. Victoria Road is a prime commercial strip in Kennedy Town that has experienced significant gentrification and increased rental demand due to the MTR extension, making it an attractive but competitive location for retail businesses. Factors affecting rental prices include proximity to the Kennedy Town MTR station, foot traffic levels, shop size ranging from 200 to 1,500 square feet, and whether the unit includes essential utilities and air conditioning. Prospective tenants should also budget for additional costs such as management fees, rates, government rent, and typically three months deposit plus one month advance rent when securing a retail lease on Victoria Road Kennedy Town.

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

Victoria Road in Causeway Bay, Hong Kong experiences exceptionally high foot traffic throughout the day, making it one of the busiest pedestrian areas in the city. As a major commercial artery connecting Times Square shopping mall to the bustling streets of Causeway Bay, Victoria Road sees constant streams of shoppers, tourists, and commuters, particularly during peak hours from 11 AM to 10 PM. The foot traffic on Victoria Road Causeway Bay is heaviest during weekends and public holidays when both locals and international visitors flock to the area's numerous shopping centers, restaurants, and entertainment venues. The pedestrian volume typically reaches its peak during lunch hours between 12 PM and 2 PM, and again during evening shopping hours from 6 PM to 9 PM, when the street becomes densely packed with people navigating between the MTR Causeway Bay station and popular destinations like Times Square, SOGO department store, and Fashion Walk. Business owners and retailers on Victoria Road benefit from this consistent high foot traffic, which ranks among the highest pedestrian counts in Hong Kong's retail districts, making it a prime location for commercial activities and street-level advertising.