Shops for Rent on Yuen Po Street, Hong Kong

Why rent a shop on Yuen Po Street, Mong Kok, Hong Kong?

Renting a shop on Yuen Po Street in Hong Kong is a strategic choice due to its unique location at the famous Yuen Po Street Bird Garden, a vibrant and culturally rich market known for its traditional Chinese-style garden atmosphere and concentration of around 70 specialty bird shops. This market attracts both local bird enthusiasts and tourists interested in the distinctive local lifestyle, including the rare practice of “walking the bird” culture, making it an ideal place for businesses related to pet birds, accessories, and traditional crafts. Additionally, the street benefits from steady foot traffic drawn by the garden’s peaceful setting amidst the bustling city, easy accessibility by public transport, and proximity to other popular markets like the nearby goldfish and flower markets, enhancing commercial visibility and customer reach. Renting a shop here offers both cultural significance and business opportunity in a well-preserved heritage area of Hong Kong.

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

The cost to rent a shop on Yuen Po Street in Mong Kok, Hong Kong typically ranges from HK$15,000 to HK$80,000 per month depending on the size, location, and condition of the property. Ground floor retail spaces on Yuen Po Street, particularly those near the famous Bird Garden and flower market, command premium rents due to high foot traffic and tourist activity. Smaller shops of around 200-400 square feet generally cost between HK$15,000 to HK$35,000 monthly, while larger commercial units exceeding 800 square feet can reach HK$50,000 to HK$80,000 per month. Additional costs include management fees, rates, government rent, and security deposits equivalent to 2-3 months rent. The rental prices on Yuen Po Street have remained relatively stable compared to prime shopping districts in Hong Kong, making it an attractive option for businesses targeting both locals and tourists visiting Mong Kok's traditional markets. Prospective tenants should also budget for renovation costs and licensing fees depending on their business type when calculating total occupancy expenses for Yuen Po Street retail properties.

What's the foot traffic like on Yuen Po Street, Causeway Bay, Hong Kong?

Yuen Po Street in Causeway Bay, Hong Kong experiences heavy foot traffic throughout the day, making it one of the busiest pedestrian areas in this popular shopping district. Located in the heart of Causeway Bay, Yuen Po Street connects major shopping destinations and attracts both locals and tourists who frequent the numerous retail stores, restaurants, and entertainment venues in the area. The foot traffic on Yuen Po Street typically peaks during lunch hours between 12pm to 2pm and evening hours from 6pm to 9pm on weekdays, while weekends see consistently high pedestrian volume from morning until late evening. The street's proximity to Causeway Bay MTR station, Times Square shopping mall, and various bus stops contributes to the constant flow of people, with particularly dense crowds during Hong Kong's peak shopping seasons and holidays. Visitors planning to walk along Yuen Po Street should expect crowded conditions, especially during rush hours and popular shopping times, as this Causeway Bay location serves as a major pedestrian thoroughfare connecting key commercial areas in one of Hong Kong's most vibrant districts.