Shops for Rent on Hoi Wang Road, Hong Kong

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

Renting a shop on Hoi Wang Road, Hong Kong offers strategic advantages due to its prime location within the popular Olympian City shopping complex in West Kowloon. Olympian City, comprising three phases with over 300 shops and 800,000 square feet of retail space, attracts high foot traffic thanks to its proximity to five major MTR stations and the West Kowloon Express Rail Link, making it easily accessible for shoppers. Hoi Wang Road is particularly notable as it hosts Olympian City 3 and is near Olympian City 1 and 2, areas known for a diverse retail mix including beauty, fashion, sports goods, electronics, healthcare services, and lifestyle products. This variety draws a broad customer base, creating excellent opportunities for retail businesses to thrive. Additionally, the connectivity to nearby transportation hubs and integration with other facilities provides enhanced visibility and convenience for retailers renting shops here. Therefore, renting a shop on Hoi Wang Road ensures exposure to a vibrant, well-established shopping environment in one of Hong Kong’s bustling commercial districts.

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

The cost to rent a shop on Hoi Wang Road in Mong Kok, Hong Kong varies significantly depending on location, size, and floor level, with ground floor retail spaces typically commanding the highest prices due to maximum foot traffic and visibility. Shop rental prices on Hoi Wang Road generally range from HK$80 to HK$300 per square foot per month, with prime ground floor locations near Nathan Road or major intersections reaching the upper end of this range. Smaller retail units of 200-500 square feet may cost between HK$25,000 to HK$80,000 monthly, while larger commercial spaces exceeding 1,000 square feet can command rents of HK$150,000 or more per month. Upper floor shops and those in less prominent positions along Hoi Wang Road typically offer more affordable rental rates, often 30-50% lower than ground floor equivalents. Additional costs for Mong Kok shop rentals include management fees, rates, government rent, and security deposits equivalent to 2-3 months rent, making the total initial investment substantially higher than the monthly rental figure alone.

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

Hoi Wang 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 commercial districts, this road connects major shopping areas and attracts both local residents and tourists visiting nearby attractions like Times Square, SOGO department store, and various restaurants and retail outlets. The foot traffic on Hoi Wang Road typically increases significantly during lunch hours from 12pm to 2pm and evening hours from 6pm to 9pm when office workers and shoppers frequent the area. Weekends and public holidays see the heaviest pedestrian flow as Causeway Bay is a prime shopping destination for both locals and visitors. The road's proximity to Causeway Bay MTR station also contributes to consistent pedestrian traffic throughout the day, making it an important thoroughfare for those navigating between the station and various commercial establishments in the district.