Shops for Rent on Kai Fuk Road, Hong Kong

Why rent a shop on Kai Fuk Road, Kowloon Bay, Hong Kong?

Renting a shop on Kai Fuk Road, Hong Kong, offers a strategic location in a bustling commercial area with a mix of traditional markets and modern retail spaces. Kai Fuk Road is situated near key transport hubs like the Ngau Tau Kok and Kwun Tong MTR stations, ensuring high foot traffic and easy accessibility for customers. The area combines local street markets with small shopping centers, providing diverse retail opportunities and appealing to both local residents and visitors. Additionally, Kai Fuk Road’s proximity to vibrant neighborhoods and leisure spots like the Kwun Tong Promenade enhances its attractiveness for businesses seeking lively surroundings and consistent customer flow. This blend of accessibility, local culture, and retail variety makes renting a shop on Kai Fuk Road a compelling choice for retailers aiming to tap into one of Hong Kong’s dynamic commercial districts.

How much does it cost to rent a shop on Kai Fuk Road, Kowloon Bay, Hong Kong?

The cost to rent a shop on Kai Fuk Road in Kowloon Bay, Hong Kong varies significantly depending on the size, location, and condition of the property. As of 2024, retail rental rates on Kai Fuk Road typically range from HK$15 to HK$35 per square foot per month for ground floor shops, with smaller units of 200-500 square feet commanding higher per-square-foot rates. Larger commercial spaces exceeding 1,000 square feet may see rates between HK$12 to HK$25 per square foot monthly. Prime corner locations or shops with better street visibility on Kai Fuk Road can cost 20-30% more than standard units. Additional costs include management fees of approximately HK$3-5 per square foot, rates and government rent, and typically a security deposit equivalent to 2-3 months rent. The industrial transformation of Kowloon Bay into a mixed commercial district has increased demand for retail spaces, with monthly rental costs for a typical 400 square foot shop ranging from HK$6,000 to HK$14,000. Prospective tenants should budget for total occupancy costs including utilities, renovation, and licensing fees when calculating the true cost of renting retail space on Kai Fuk Road.

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

Kai Fuk Road in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout most of the day, particularly during peak shopping hours and weekends when visitors flock to the nearby Times Square shopping mall and surrounding retail districts. The pedestrian flow on Kai Fuk Road is heaviest between 11 AM and 9 PM, with significant increases during lunch hours from 12 PM to 2 PM and evening periods from 6 PM to 8 PM when office workers and tourists explore the Causeway Bay area. Being located in one of Hong Kong's busiest shopping and commercial districts, Kai Fuk Road benefits from the constant stream of shoppers heading to major attractions like Times Square, Sogo department store, and the numerous fashion boutiques that make Causeway Bay a premier retail destination. The street's proximity to Causeway Bay MTR station ensures steady pedestrian traffic as commuters and visitors use it as a transit route, while the concentration of restaurants, cafes, and entertainment venues along and near Kai Fuk Road maintains consistent foot traffic well into the evening hours, making it an excellent location for retail businesses and street-level commercial activities.