Shops for Rent on Hak Po Street, Hong Kong

Why rent a shop on Hak Po Street, Mong Kok, Hong Kong?

Renting a shop on Hak Po Street, Hong Kong, is an excellent choice for businesses seeking to tap into one of Mong Kok's most vibrant and trendy shopping areas. Hak Po Street is located near Mong Kok’s popular shopping districts, including the bustling Ladies’ Market and Sneakers Street, attracting a high footfall of both locals and tourists looking for affordable fashion, accessories, and unique Hong Kong-themed souvenirs. The street is part of a lively open-air market scene, known for its competitive prices and wide variety of goods, making it ideal for retailers aiming to capitalize on the dynamic retail environment. Additionally, Hak Po Street benefits from its proximity to other culturally rich and revitalized shopping areas, with a mixture of traditional market stalls and hip, local shops catering to a youthful, fashion-forward crowd. This combination of high pedestrian traffic, diverse consumer base, and authentic local atmosphere creates an attractive opportunity for rental shopspaces to thrive in Hong Kong’s competitive retail market.

How much does it cost to rent a shop on Hak Po Street, Mong Kok, Hong Kong?

The cost to rent a shop on Hak Po Street in Mong Kok, Hong Kong varies significantly depending on the unit size, floor level, and specific location along the street. Ground floor retail spaces on Hak Po Street typically command rental rates ranging from HK$80 to HK$150 per square foot per month, making a standard 300-400 square foot shop cost approximately HK$24,000 to HK$60,000 monthly. Upper floor commercial units are generally more affordable, with rates between HK$30 to HK$80 per square foot per month. Hak Po Street's prime location in Mong Kok, one of Hong Kong's busiest shopping districts, contributes to these premium rental prices due to high pedestrian traffic and excellent transportation links. Additional costs include management fees, government rates, and security deposits equivalent to 2-3 months' rent. Shop rental prices on Hak Po Street have remained relatively stable in recent years, though they may fluctuate based on market conditions and the ongoing retail landscape changes in Hong Kong. Prospective tenants should budget for total occupancy costs that may exceed the base rent by 20-30% when factoring in all associated expenses.

What's the foot traffic like on Hak Po Street, Causeway Bay, Hong Kong?

Hak Po Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when the surrounding Causeway Bay district attracts both locals and tourists. The street benefits from its proximity to major shopping destinations like Times Square, SOGO department store, and the bustling Russell Street shopping area, which contributes to steady pedestrian flow. Foot traffic on Hak Po Street typically increases during lunch hours as office workers from nearby commercial buildings seek dining options, and again in the evening when people head to the various restaurants, bars, and entertainment venues in the area. The street's location within one of Hong Kong's premier shopping and entertainment districts means it maintains consistent pedestrian activity, though it may be slightly less congested than the main thoroughfares like Russell Street or Hennessy Road. Visitors planning to explore Hak Po Street should expect busier conditions during weekends, public holidays, and the evening hours when Causeway Bay's nightlife scene comes alive.