Shops for Rent on Tung On Street, Hong Kong

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

Renting a shop on Tung On Street, Hong Kong, offers a strategic opportunity to tap into one of the city’s most dynamic shopping hubs. This street is part of Mong Kok's vibrant market scene, known for its diverse range of affordable products including trendy fashion, electronics, pet supplies, and unique local handicrafts. The high foot traffic from both locals and tourists ensures excellent visibility and customer flow, which is ideal for retail businesses seeking to maximize sales and brand exposure. Additionally, the culture of bargaining and the variety of merchandise on Tung On Street create a lively commercial environment that encourages repeated visits and customer engagement, making it an attractive location for entrepreneurs and established retailers alike. Overall, renting a shop here allows businesses to be part of a bustling retail ecosystem in a prime urban area known for its affordability, variety, and cultural richness.

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

The cost to rent a shop on Tung On Street in Mong Kok, Hong Kong typically ranges from HK$80 to HK$150 per square foot per month, depending on the specific location, floor level, and shop condition. Ground floor retail spaces on Tung On Street command premium prices due to high foot traffic and excellent visibility, with some prime locations reaching up to HK$200 per square foot monthly. Smaller shops of 200-400 square feet can expect monthly rents between HK$25,000 to HK$50,000, while larger retail units may cost HK$80,000 to HK$120,000 per month. Factors affecting Tung On Street shop rental prices include proximity to MTR stations, street-facing frontage, building age, and local competition. Additional costs for renting a shop in Mong Kok include security deposits equivalent to 2-3 months rent, management fees, utilities, and potential key money payments. Prospective tenants should budget for total monthly expenses of 20-30% above the base rent when calculating the true cost of operating a retail business on Tung On Street.

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

Tung On Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends. As a secondary street located near the bustling Times Square and Sogo department store areas, Tung On Street benefits from the overflow of pedestrians exploring Causeway Bay's renowned shopping district. The foot traffic on Tung On Street typically increases during lunch hours from 12pm to 2pm when office workers from nearby commercial buildings frequent the local restaurants and cafes, and again during evening hours from 6pm to 9pm when both locals and tourists are dining and shopping. Weekends see significantly higher pedestrian volume on Tung On Street due to increased tourist activity and local shoppers visiting Causeway Bay. The street's proximity to major MTR stations and bus stops contributes to steady foot traffic flow, while special events, holidays, and seasonal sales in the broader Causeway Bay area can dramatically increase the number of people walking along Tung On Street.