Shops for Rent on Embankment Road, Hong Kong

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

Renting a shop on Embankment Road, Hong Kong, offers a strategic advantage due to its prime location in the heart of Central, Hong Kong's bustling central business district. This area is a hub for multinational corporations, financial institutions, and premium office spaces, attracting a high volume of both local and international clientele. The proximity to major transportation links, including several MTR lines, tram routes, and ferry terminals, ensures excellent accessibility for customers and employees alike. Additionally, the vibrant environment around Central features luxury hotels, renowned dining options, upscale shopping centers, and lively entertainment spots such as Lan Kwai Fong, making it an attractive destination that drives foot traffic and business opportunities. Embankment Road benefits from being part of this energetic commercial ecosystem, making it an ideal location for retail that seeks visibility, connectivity, and a prestigious address.

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

The cost to rent a shop on Embankment Road in Mong Kok, Hong Kong varies significantly depending on the specific location, size, and condition of the property. Ground floor retail spaces on Embankment Road typically command rental prices ranging from HK$80 to HK$200 per square foot per month, with prime locations near MTR stations or major intersections commanding higher rates. For a standard 300-500 square foot shop, monthly rent can range from HK$24,000 to HK$100,000, making it one of the more expensive commercial areas in Hong Kong due to Mong Kok's status as a major shopping and tourist district. Factors affecting rental costs include foot traffic, proximity to public transportation, shop frontage width, ceiling height, and the overall condition of the building. Additional costs to consider when budgeting for a shop rental on Embankment Road include security deposits equivalent to 2-3 months rent, management fees, rates and government rent, utility deposits, and potential renovation expenses. Prospective tenants should also be aware that rental prices in Mong Kok can fluctuate based on market conditions, seasonal demand, and the overall economic climate in Hong Kong.

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

Embankment Road 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 mall and surrounding retail districts. The pedestrian flow on Embankment Road is significantly influenced by its strategic location connecting major commercial areas, with the heaviest foot traffic typically occurring between 11 AM and 9 PM when shoppers and tourists navigate between Causeway Bay's numerous shopping centers, restaurants, and entertainment venues. During weekdays, the area sees steady pedestrian activity from office workers and local residents, while weekends and public holidays bring increased crowds of both local Hong Kong residents and international tourists exploring one of the city's most popular shopping and dining destinations. The foot traffic density on Embankment Road tends to be highest near the intersections with major streets like Yee Wo Street and Russell Street, where the concentration of flagship stores, department stores, and subway exits creates natural pedestrian convergence points throughout Causeway Bay's bustling commercial landscape.