Shops for Rent on Hoi Ting Road, Hong Kong

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

Renting a shop on Hoi Ting Road, Hong Kong, is a strategic choice due to its location within Olympian City, a popular shopping and residential complex in West Kowloon. Olympian City 2, situated on Hoi Ting Road, offers access to a large and diverse customer base thanks to its proximity to the Olympic MTR station and connection to the Mongkok MTR station, ensuring high foot traffic. The area benefits from a vibrant retail environment with a mix of international brands, local shops, eateries like the Michelin-starred Tim Ho Wan, and entertainment options including cinemas, making it an attractive destination for shoppers. This combination of accessibility, variety, and steady consumer flow makes Hoi Ting Road an advantageous location for retail businesses seeking exposure and growth in a dynamic Hong Kong shopping district.

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

The cost to rent a shop on Hoi Ting Road in Mong Kok, Hong Kong varies significantly depending on the shop size, location along the street, and current market conditions. As of 2024, ground floor retail spaces on Hoi Ting Road typically range from HK$80 to HK$200 per square foot per month, with prime corner locations commanding higher rates up to HK$300 per square foot monthly. Smaller shops of 200-500 square feet can expect monthly rents between HK$25,000 to HK$80,000, while larger retail spaces exceeding 1,000 square feet may cost HK$150,000 to HK$400,000 per month. Factors affecting Hoi Ting Road shop rental prices include proximity to MTR stations, foot traffic levels, shop frontage width, and lease terms, with most landlords requiring 2-3 months deposit plus key money. Mong Kok remains one of Hong Kong's most expensive retail districts, and Hoi Ting Road shop rents have remained relatively stable despite recent market fluctuations, making it essential for prospective tenants to engage commercial property agents familiar with current Mong Kok rental rates and negotiate favorable lease terms.

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

Hoi Ting Road in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends. Located in one of Hong Kong's busiest shopping districts, this road sees a steady flow of pedestrians heading to nearby shopping centers, restaurants, and commercial establishments in the Causeway Bay area. The foot traffic on Hoi Ting Road typically increases significantly during lunch hours from 12pm to 2pm and evening hours from 6pm to 9pm when office workers and tourists frequent the numerous dining options and retail outlets in the vicinity. Weekends and public holidays generally bring heavier pedestrian traffic as both locals and tourists explore the popular Causeway Bay shopping district. The road's proximity to major MTR stations and bus stops contributes to consistent pedestrian movement throughout the day, making it a well-trafficked area for businesses and retail operations. During major shopping seasons and festivals, foot traffic on Hoi Ting Road can become particularly dense as visitors flock to the surrounding malls and shopping venues that make Causeway Bay one of Hong Kong's premier retail destinations.