Shops for Rent on Leung Fai Terrace, Hong Kong

Why rent a shop on Leung Fai Terrace, Mid-Levels, Hong Kong?

Renting a shop on Leung Fai Terrace, Hong Kong, offers a strategic advantage due to its prime location in the Mid-Levels West area, which is a well-established commercial and residential district. This area benefits from excellent accessibility and a blend of high foot traffic from local residents and professionals, making it ideal for retail businesses seeking a steady customer base. Shops here are part of well-maintained older buildings like Tak Mansion, providing a mix of traditional charm and urban convenience. Additionally, the location’s proximity to Central business districts and popular residential neighborhoods helps attract diverse clientele, boosting business opportunities. Renting a shop on Leung Fai Terrace also positions businesses in a prestigious and stable environment, supporting brand visibility and long-term growth in one of Hong Kong’s sought-after districts.

How much does it cost to rent a shop on Leung Fai Terrace, Mid-Levels, Hong Kong?

The cost to rent a shop on Leung Fai Terrace in Mid-Levels, Hong Kong typically ranges from HK$80 to HK$150 per square foot per month, depending on factors such as shop size, location within the street, and current market conditions. Leung Fai Terrace shop rental prices are influenced by the area's prime Mid-Levels location, high foot traffic, and proximity to residential complexes and international schools. Ground floor retail spaces on Leung Fai Terrace generally command higher rents due to better visibility and accessibility, while upper floor commercial units may be available at more competitive rates. Additional costs for renting a shop on Leung Fai Terrace include management fees, government rates, and utility deposits, which can add approximately 15-20% to the base rental cost. Prospective tenants should budget for initial expenses including security deposits equivalent to 2-3 months rent, plus legal fees and renovation costs when considering a shop rental on this popular Mid-Levels commercial street in Hong Kong.

What's the foot traffic like on Leung Fai Terrace, Causeway Bay, Hong Kong?

Leung Fai Terrace 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 complex and surrounding retail areas. As a connecting street in one of Hong Kong's busiest commercial districts, Leung Fai Terrace sees consistent pedestrian flow from office workers, tourists, and local shoppers navigating between major attractions like Victoria Park, Fashion Walk, and the numerous restaurants and shops that define Causeway Bay's vibrant streetscape. The foot traffic typically intensifies during lunch hours (12-2 PM) and evening periods (6-9 PM) when the area transforms into a bustling hub of activity, with the terrace serving as a convenient pathway for pedestrians moving between MTR Causeway Bay Station and the district's premier shopping destinations. Weekend foot traffic on Leung Fai Terrace can be significantly heavier due to increased tourist activity and local residents visiting the area for leisure shopping and dining, making it one of the more trafficked pedestrian routes in this densely populated Hong Kong neighborhood.