Shops for Rent on Lee Yip Street, Hong Kong

Why rent a shop on Lee Yip Street, Mong Kok, Hong Kong?

Renting a shop on Lee Yip Street, Hong Kong, offers a strategic advantage due to its prime location in the bustling Yau Ma Tei district, known for its vibrant commercial and retail atmosphere. Shops on Lee Yip Street benefit from high foot traffic and easy accessibility, making it ideal for businesses seeking visibility and customer engagement. The area combines a dynamic mix of retail stores, restaurants, and service providers, attracting diverse consumer groups. Additionally, proximity to major transport links enhances convenience for both business operators and customers. Choosing a shop on Lee Yip Street helps businesses leverage a well-established commercial environment to maximize growth and brand exposure in one of Hong Kong’s busiest neighborhoods.

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

The cost to rent a shop on Lee Yip Street in Mong Kok, Hong Kong typically ranges from HK$80 to HK$200 per square foot per month, depending on the specific location, floor level, and shop size. Ground floor retail spaces on Lee Yip Street Mong Kok command premium prices due to high foot traffic and excellent visibility, with some prime locations reaching up to HK$250 per square foot monthly. Shop rental prices on Lee Yip Street vary significantly based on factors such as proximity to Mong Kok MTR station, street frontage, and the condition of the property. Small retail units of 200-500 square feet generally cost between HK$25,000 to HK$80,000 per month, while larger commercial spaces exceeding 1,000 square feet can command monthly rents of HK$150,000 or more. Prospective tenants should also budget for additional costs including management fees, rates, government rent, and a security deposit equivalent to 2-3 months rent when calculating the total cost of renting a shop on Lee Yip Street in this prime Mong Kok retail district.

What's the foot traffic like on Lee Yip Street, Causeway Bay, Hong Kong?

Lee Yip Street in Causeway Bay, Hong Kong experiences heavy foot traffic throughout the day due to its strategic location in one of the city's busiest shopping and commercial districts. The street connects major shopping areas and serves as a thoroughfare for pedestrians moving between Times Square, Sogo department store, and other popular retail destinations in Causeway Bay. Peak foot traffic typically occurs during lunch hours from 12pm to 2pm when office workers flood the area, and again during evening rush hours from 6pm to 8pm as commuters and shoppers navigate the district. Weekends see consistently high pedestrian volumes as both locals and tourists explore the numerous shops, restaurants, and entertainment venues along Lee Yip Street and its surrounding blocks. The street's proximity to Causeway Bay MTR station, one of Hong Kong's busiest subway stops, contributes significantly to the constant flow of pedestrians, making it a prime location for retail businesses and street-level commercial activities seeking high visibility and customer exposure.