Shops for Rent on Pak Fuk Road, Hong Kong

Why rent a shop on Pak Fuk Road, North Point, Hong Kong?

Renting a shop on Pak Fuk Road in Hong Kong offers strategic advantages due to its prime location in the Eastern District, Quarry Bay, a bustling commercial area on Hong Kong Island. Shops here benefit from excellent connectivity, being close to Quarry Bay MTR Station, which ensures high foot traffic and accessibility for both customers and suppliers. The area features a mix of commercial buildings with modern facilities such as 24-hour security, CCTV monitoring, air conditioning options, and concierge services, creating a comfortable and secure environment for business operations. Additionally, Pak Fuk Road’s proximity to other key commercial streets and residential neighborhoods enhances business visibility and customer reach. These factors make renting a shop on Pak Fuk Road an attractive option for retail and service businesses seeking a well-connected and vibrant commercial hub.

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

The cost to rent a shop on Pak Fuk Road in North Point, Hong Kong typically ranges from HK$30 to HK$80 per square foot per month, depending on the specific location, shop size, and floor level. Ground floor retail spaces on Pak Fuk Road generally command higher rental rates due to better foot traffic and visibility, with prime locations near the North Point MTR station or major intersections potentially reaching HK$100 per square foot monthly. Smaller shops of 200-500 square feet may cost between HK$15,000 to HK$40,000 per month, while larger retail units exceeding 1,000 square feet could range from HK$50,000 to HK$120,000 monthly. Factors affecting shop rental prices on Pak Fuk Road include proximity to public transportation, building condition, lease terms, and current market demand in the North Point district. Prospective tenants should also budget for additional costs such as management fees, rates, government rent, and security deposits when calculating the total expense of renting commercial space in this popular Hong Kong shopping area.

What's the foot traffic like on Pak Fuk Road, Causeway Bay, Hong Kong?

Pak Fuk Road 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 Times Square shopping mall and surrounding retail areas. The pedestrian flow on Pak Fuk Road is significantly influenced by its strategic location connecting major commercial districts, with heavy footfall typically occurring between 11 AM to 9 PM when office workers, tourists, and local shoppers navigate between the MTR Causeway Bay Station and popular destinations like SOGO department store and Fashion Walk. During lunch hours from 12 PM to 2 PM and evening rush hours from 6 PM to 8 PM, Pak Fuk Road sees increased pedestrian density as commuters and dining enthusiasts head to the numerous restaurants and cafes in the area. Weekend foot traffic on Pak Fuk Road tends to be consistently high from morning until late evening, making it one of the busier pedestrian corridors in Causeway Bay's shopping district, though it remains more manageable compared to the extremely crowded main thoroughfares like Hennessy Road and Yee Wo Street.