Shops for Rent on Tung Choi Street, Hong Kong

Why rent a shop on Tung Choi Street, Mong Kok, Hong Kong?

Renting a shop on Tung Choi Street in Hong Kong is an excellent strategic choice due to its vibrant location in Mong Kok, one of the city’s busiest and most popular shopping areas. Known widely as the Ladies' Market, Tung Choi Street attracts a high volume of local shoppers and tourists seeking affordable trendy fashion, accessories, electronics, and unique souvenirs, which ensures significant foot traffic and potential customer exposure. The street's dynamic atmosphere and variety—from fashionable clothing stalls to the northern section famous for plants and pet supplies—offer shop renters diverse market opportunities. Additionally, its central location near major MTR stations like Mong Kok and Prince Edward makes it easily accessible, enhancing visibility and convenience for shoppers. These factors combine to make Tung Choi Street an ideal location to establish a retail presence, capitalize on continuous demand, and benefit from a lively commercial environment that supports business growth.

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

The cost to rent a shop on Tung Choi Street in Mong Kok, Hong Kong varies significantly depending on the exact location, shop size, and floor level, with ground floor retail spaces typically commanding the highest premiums due to maximum foot traffic exposure. Monthly rental prices for small shops on Tung Choi Street generally range from HK$30,000 to HK$150,000 per month, while larger commercial units can cost upwards of HK$200,000 to HK$500,000 monthly. Street-level shops facing the famous Ladies' Market section of Tung Choi Street are particularly expensive, often requiring substantial key money deposits ranging from HK$100,000 to HK$1,000,000 in addition to monthly rent. Upper floor commercial spaces on Tung Choi Street offer more affordable alternatives, with rental costs typically 30-50% lower than ground floor units, making them attractive options for businesses that don't rely heavily on street-level visibility. Prospective tenants should also budget for additional costs including management fees, rates, government rent, and utilities, which can add 15-25% to the base rental cost when planning to rent retail space in this prime Mong Kok shopping district.

What's the foot traffic like on Tung Choi Street, Causeway Bay, Hong Kong?

Tung Choi Street in Causeway Bay, Hong Kong experiences exceptionally high foot traffic throughout the day, making it one of the busiest pedestrian areas in the city. This vibrant street, often called the "Ladies' Market of Causeway Bay," attracts thousands of locals and tourists daily who come to browse its numerous street stalls, boutique shops, and local eateries. Peak foot traffic occurs during weekends and public holidays, particularly between 2 PM and 8 PM, when the street becomes densely packed with shoppers hunting for fashion accessories, electronics, and street food. The area's popularity stems from its central location near Causeway Bay MTR station, making it easily accessible via Hong Kong's efficient public transportation system. Business owners and visitors should expect significant crowds during major shopping seasons like Chinese New Year and Christmas, when foot traffic can increase by up to 40% compared to regular days. The constant flow of pedestrians on Tung Choi Street creates a dynamic shopping atmosphere that reflects Hong Kong's reputation as a premier retail destination in Asia.