Shops for Rent on Ching Wah Street, Hong Kong

Why rent a shop on Ching Wah Street, North Point, Hong Kong?

Renting a shop on Ching Wah Street in Hong Kong offers a unique opportunity to establish a business in a primarily residential and peaceful area of North Point. Although Ching Wah Street itself is short and not located in a major commercial business district, its close proximity to King's Road and North Point's bustling neighborhood gives shops access to a steady flow of local residents and visitors. Businesses on Ching Wah Street can benefit from the quiet environment paired with convenient access to nearby amenities, schools, and public transport, making it ideal for retailers or service providers targeting the local community. Additionally, the area’s blend of residential and commercial activity supports a stable customer base, which is advantageous for small to medium-sized enterprises looking for an affordable yet accessible location in Hong Kong. Renting here is especially suitable for those seeking a balance between a tranquil setting and vibrant city life.

How much does it cost to rent a shop on Ching Wah Street, North Point, Hong Kong?

The cost to rent a shop on Ching Wah Street, North Point, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month, depending on factors such as shop size, location along the street, and current market conditions. Ground floor retail spaces on Ching Wah Street generally command higher rental prices due to better foot traffic and visibility, with prime locations near the North Point MTR station often exceeding HK$60 per square foot monthly. Smaller shops ranging from 200 to 500 square feet may cost between HK$25,000 to HK$45,000 monthly, while larger retail units above 800 square feet can reach HK$70,000 to HK$80,000 per month. Additional costs for renting a shop on Ching Wah Street include security deposits equivalent to 2-3 months rent, management fees, and utilities, which prospective tenants should factor into their budget when considering retail space rental in this popular North Point commercial area. Market rental rates on Ching Wah Street fluctuate based on Hong Kong's overall retail property market trends and local business demand in the North Point district.

What's the foot traffic like on Ching Wah Street, Causeway Bay, Hong Kong?

Ching Wah Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when locals and tourists frequent the nearby Times Square shopping complex and surrounding retail areas. The pedestrian flow on Ching Wah Street is significantly influenced by its strategic location connecting major commercial zones in Causeway Bay, with the heaviest foot traffic typically occurring between 11 AM to 9 PM when shopping centers, restaurants, and entertainment venues are most active. During weekdays, Ching Wah Street sees a steady stream of office workers, shoppers, and commuters, while weekends and public holidays bring increased pedestrian density due to tourism and leisure shopping activities in the Causeway Bay district. The street's proximity to MTR stations and bus stops contributes to consistent foot traffic patterns, making it a bustling pedestrian corridor that reflects the vibrant commercial nature of Causeway Bay as one of Hong Kong's premier shopping and dining destinations.