Shops for Rent on Cheung Wong Road, Hong Kong

Why rent a shop on Cheung Wong Road, Mong Kok, Hong Kong?

Renting a shop on Cheung Wong Road, Hong Kong, offers a strategic location in the bustling Mongkok/Yau Ma Tei area, known for its high foot traffic and vibrant commercial activity. This area benefits from excellent transport links, making it accessible to a diverse customer base, which is ideal for retail businesses looking to maximize visibility and sales. Additionally, Cheung Wong Road is situated within a dynamic district featuring a mix of residential and commercial properties, providing a steady local clientele alongside tourists and visitors. Affordable rental options, combined with the area's economic vitality and ongoing development projects, make renting a shop on Cheung Wong Road a compelling choice for businesses seeking growth opportunities in one of Hong Kong’s most active urban hubs.

How much does it cost to rent a shop on Cheung Wong Road, Mong Kok, Hong Kong?

The cost to rent a shop on Cheung Wong Road in Mong Kok, Hong Kong typically ranges from HK$80 to HK$200 per square foot per month, depending on the specific location, shop size, and floor level. Ground floor retail spaces on Cheung Wong Road command the highest rental rates due to maximum foot traffic and visibility, with prime locations near MTR stations or major intersections reaching the upper end of this price range. Smaller shops of 200-500 square feet may cost between HK$20,000 to HK$60,000 monthly, while larger retail spaces exceeding 1,000 square feet can range from HK$100,000 to HK$200,000 per month. Factors affecting Cheung Wong Road shop rental prices include proximity to Mong Kok MTR station, street frontage, building condition, lease terms, and current market demand in this busy Kowloon shopping district. Additionally, tenants should budget for extra costs including rates, management fees, utility deposits, and the standard three-month rent deposit plus one month advance payment required for most Hong Kong commercial leases.

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

Cheung Wong Road in Causeway Bay, Hong Kong experiences moderate to heavy foot traffic throughout the day, particularly during peak shopping hours and weekends when the area attracts both locals and tourists. Located in one of Hong Kong's busiest commercial districts, this road sees consistent pedestrian flow due to its proximity to major shopping centers, office buildings, and the Causeway Bay MTR station. The foot traffic typically increases during lunch hours from 12 PM to 2 PM when office workers frequent nearby restaurants and cafes, and again in the evening from 6 PM to 9 PM as people finish work and engage in shopping or dining activities. Weekends and public holidays generally see the highest pedestrian volumes on Cheung Wong Road, as Causeway Bay is a popular destination for shopping at Times Square, SOGO department store, and various retail outlets in the vicinity. The street's foot traffic patterns are also influenced by special events, sales periods, and seasonal shopping, making it one of the more active pedestrian areas in Hong Kong's retail landscape.