Shops for Rent on Ying Fai Terrace, Hong Kong

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

Renting a shop on Ying Fai Terrace, Hong Kong offers a strategic location in the vibrant Mid-Levels West area, providing access to a well-established residential community and proximity to Central District business hubs. Ying Fai Court, situated at 1 Ying Fai Terrace, features convenient transport links including several bus routes and nearby MTR stations, ensuring good foot traffic and connectivity. The area benefits from a mixed-use environment with residential units nearby, which supports a consistent customer base for retail or service businesses. Additionally, the building has a long-standing presence since 1986, reflecting a stable locality that appeals to both locals and visitors. This combination of accessibility, community, and district prestige makes renting a shop on Ying Fai Terrace an attractive opportunity for business owners seeking a reputable and well-connected spot in Hong Kong Island’s Mid-Levels West.

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

The cost to rent a shop on Ying Fai Terrace in Mid-Levels, Hong Kong typically ranges from HK$30,000 to HK$80,000 per month, depending on the size, location within the terrace, and current market conditions. Ying Fai Terrace shop rental prices are influenced by factors such as foot traffic, proximity to residential buildings, shop size measured in square feet, and lease terms. Ground floor retail spaces on Ying Fai Terrace generally command higher rents due to better visibility and accessibility, while smaller shops or those on upper floors may be available at the lower end of the price range. Mid-Levels commercial property rental rates fluctuate based on Hong Kong's overall retail market performance, local demand from residents, and the specific amenities offered in each shop space. Prospective tenants should expect additional costs including management fees, utilities, and government rates when budgeting for Ying Fai Terrace shop rentals, and it's advisable to consult with local commercial real estate agents who specialize in Mid-Levels properties for the most current pricing and availability information.

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

Ying Fai Terrace in Causeway Bay, Hong Kong experiences moderate foot traffic throughout the day, with peak pedestrian activity typically occurring during lunch hours from 12pm to 2pm and evening rush hours from 6pm to 8pm on weekdays. Located in one of Hong Kong's busiest shopping and commercial districts, this street sees a steady flow of office workers, shoppers, and tourists, though it tends to be less congested than the main thoroughfares like Hennessy Road or Yee Wo Street. Weekend foot traffic on Ying Fai Terrace generally increases as visitors explore Causeway Bay's numerous shopping centers, restaurants, and entertainment venues nearby. The pedestrian volume is influenced by its proximity to major attractions such as Times Square, Sogo department store, and various MTR exits, making it a convenient route for people navigating between different parts of Causeway Bay. During special events, sales periods, or holidays, foot traffic can significantly increase as the area becomes more crowded with both locals and international visitors exploring Hong Kong's premier shopping destination.