Shops for Rent on Ming Yuen Western Street, Hong Kong

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

Renting a shop on Ming Yuen Western Street in Hong Kong offers a strategic location in the vibrant North Point area, known for its dynamic commercial environment and diverse customer base. This street benefits from high foot traffic and accessibility, making it ideal for businesses seeking visibility and steady customer flow. Additionally, properties like those at 14 Ming Yuen Western Street provide modern facilities, enhancing the appeal for retail and service-oriented ventures. Choosing a shop here means tapping into a well-established community with strong local demand, supporting business growth and networking opportunities in one of Hong Kong’s active districts. This combination of location, accessibility, and facilities makes Ming Yuen Western Street a favorable choice for commercial leasing.

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

The cost to rent a shop on Ming Yuen Western Street in North Point, Hong Kong varies significantly depending on factors such as shop size, location along the street, and current market conditions. As of 2024, retail rental prices in North Point typically range from HK$30 to HK$80 per square foot per month, with Ming Yuen Western Street shops generally falling within HK$35 to HK$60 per square foot monthly due to the area's moderate foot traffic and local residential density. Small retail units of 200-400 square feet on Ming Yuen Western Street can expect monthly rents between HK$7,000 to HK$24,000, while larger commercial spaces may command higher rates depending on their proximity to the North Point MTR station and main thoroughfares. Ground floor shops with street-facing frontage typically command premium rates compared to upper-floor units, and businesses should also factor in additional costs such as management fees, rates, and required deposits which usually amount to 2-3 months rent upfront. For the most current Ming Yuen Western Street rental rates, prospective tenants should consult with local commercial real estate agents who specialize in North Point properties, as market conditions and available inventory can fluctuate based on economic factors and district development projects.

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

Ming Yuen Western Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when visitors flock to the nearby Causeway Bay shopping district. Located in one of Hong Kong's busiest commercial areas, this street benefits from the constant flow of pedestrians moving between major shopping centers like Times Square, SOGO, and the numerous retail outlets that define Causeway Bay's reputation as a premier shopping destination. The foot traffic on Ming Yuen Western Street typically increases during lunch hours as office workers from surrounding buildings venture out for meals, and reaches its highest levels during evening hours when both locals and tourists explore the area's dining and entertainment options. Weekend foot traffic is consistently heavy due to Causeway Bay's status as a major tourist attraction and shopping hub, with Ming Yuen Western Street serving as a connecting thoroughfare for pedestrians navigating between the district's various commercial establishments. The street's proximity to Causeway Bay MTR station also contributes to steady pedestrian flow throughout the day, making it a well-traveled route for both residents and visitors exploring this vibrant Hong Kong neighborhood.