Shops for Rent on Fuk Yuen Street, Hong Kong

Why rent a shop on Fuk Yuen Street, North Point, Hong Kong?

Renting a shop on Fuk Yuen Street in North Point, Hong Kong offers exceptional business opportunities due to its strategic location and high foot traffic. This bustling commercial street in North Point provides excellent accessibility through multiple MTR stations including North Point and Quarry Bay, making it easily reachable for customers from across Hong Kong Island. Fuk Yuen Street is renowned for its diverse mix of local businesses, restaurants, and retail shops, creating a vibrant commercial ecosystem that attracts both residents and tourists. The area benefits from competitive rental rates compared to prime districts like Central or Causeway Bay, while still maintaining strong visibility and customer flow. Business owners can tap into the dense residential population of North Point, which includes both local Hong Kong residents and expatriate communities. The street's proximity to major office buildings and shopping centers ensures consistent daytime and evening customer traffic. Additionally, Fuk Yuen Street's established reputation as a dining and shopping destination, combined with excellent public transportation links and parking availability, makes it an ideal location for retail businesses, restaurants, cafes, and service providers looking to establish a profitable presence in Hong Kong's competitive market.

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

The cost to rent a shop on Fuk Yuen Street in North Point, Hong Kong varies significantly depending on the property size, location along the street, and current market conditions. As of 2024, retail rental prices on Fuk Yuen Street typically range from HK$25 to HK$60 per square foot per month, with ground floor shops commanding higher rates than upper floor units. Prime locations near the North Point MTR station or major intersections along Fuk Yuen Street can cost upward of HK$80 per square foot monthly for smaller retail spaces. Shop rental costs in North Point are generally more affordable compared to Central or Causeway Bay, making Fuk Yuen Street an attractive option for local businesses and restaurants. Factors influencing rental prices include foot traffic, proximity to residential complexes, accessibility, and the overall condition of the building. Prospective tenants should expect additional costs such as management fees, rates, government rent, and utility deposits when budgeting for a shop rental on Fuk Yuen Street. It is advisable to consult with local real estate agents specializing in North Point commercial properties for the most current rental rates and available shop spaces along Fuk Yuen Street.

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

Fuk Yuen 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 flock to the nearby Times Square shopping mall and surrounding retail outlets. The street connects key commercial areas in Causeway Bay, making it a popular pedestrian route for shoppers moving between major attractions like Sogo department store, Fashion Walk, and various restaurants and cafes in the district. Foot traffic on Fuk Yuen Street typically increases significantly during lunch hours as office workers from nearby buildings seek dining options, and reaches its peak during evening hours and weekends when Causeway Bay transforms into one of Hong Kong's busiest shopping and entertainment destinations. The street's proximity to Causeway Bay MTR station also contributes to steady pedestrian flow as commuters and visitors use it as a convenient walkway to access different parts of this vibrant commercial district.