Shops for Rent on Kai Yuen Terrace, Hong Kong

Why rent a shop on Kai Yuen Terrace, North Point, Hong Kong?

Renting a shop on Kai Yuen Terrace in Hong Kong offers a strategic advantage due to its location in North Point, a bustling district known for its vibrant residential communities and convenient access to transportation. Kai Yuen Terrace serves as the main access road to prominent private housing estates like Full Wealth Gardens, Kings Way Mansion, and Harbour Court, ensuring a steady flow of local residents and potential customers. The area combines historical significance with modern redevelopment, creating a unique commercial environment that attracts both locals and tourists. Additionally, being situated near well-established neighborhoods and amenities makes Kai Yuen Terrace an ideal spot for businesses seeking visibility and foot traffic in one of Hong Kong Island’s dynamic urban zones.

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

The cost to rent a shop on Kai Yuen Terrace in North Point, Hong Kong varies significantly depending on factors such as shop size, location within the street, and current market conditions. Ground floor retail spaces on Kai Yuen Terrace typically range from HK$15,000 to HK$50,000 per month for smaller units of 200-500 square feet, while larger commercial spaces can command monthly rents of HK$60,000 to HK$120,000 or more. The rental prices per square foot generally fall between HK$30 to HK$80, making Kai Yuen Terrace a moderately priced option compared to prime Central or Causeway Bay locations. Shops with better street frontage, higher foot traffic, or corner positions command premium rents, while upper floor or basement retail spaces are available at lower rates. Prospective tenants should also budget for additional costs including management fees, rates, government rent, and security deposits equivalent to 2-3 months rent. For the most current and accurate rental rates on Kai Yuen Terrace North Point shops, it is recommended to consult with local commercial real estate agents who specialize in Hong Kong retail properties.

What's the foot traffic like on Kai Yuen Terrace, Causeway Bay, Hong Kong?

Kai Yuen Terrace in Causeway Bay, Hong Kong experiences moderate foot traffic throughout the day, with peak activity during lunch hours and evening periods when nearby office workers and residents frequent the area. Located in one of Hong Kong's busiest shopping and commercial districts, the street benefits from overflow pedestrian traffic from major attractions like Times Square, Sogo Department Store, and the numerous shopping malls that define Causeway Bay. While not as intensely crowded as the main thoroughfares like Hennessy Road or Russell Street, Kai Yuen Terrace sees consistent daily foot traffic due to its proximity to MTR Causeway Bay Station and its mix of residential buildings, small businesses, and dining establishments. The foot traffic typically increases during weekends and public holidays when tourists and locals explore the Causeway Bay area for shopping and entertainment, making it a relatively busy but manageable street for both pedestrians and local businesses seeking customer visibility in this prime Hong Kong location.