Shops for Rent on Tanner Road, Hong Kong

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

Renting a shop on Tanner Road in North Point, Hong Kong offers exceptional business opportunities due to its strategic location in one of Hong Kong Island's most vibrant commercial districts. Tanner Road benefits from high foot traffic as it connects major residential areas with the North Point MTR station, ensuring excellent accessibility for customers throughout Hong Kong. The area attracts a diverse mix of local residents and tourists, providing businesses with a steady customer base and strong revenue potential. Shop rental costs on Tanner Road are typically more affordable compared to prime Central or Causeway Bay locations, while still offering proximity to major shopping centers, restaurants, and transportation hubs. The street's established commercial ecosystem includes banks, supermarkets, and various retail outlets, creating a synergistic environment that drives consistent pedestrian flow. Additionally, North Point's reputation as a foodie destination and its growing popularity among young professionals make Tanner Road an ideal location for restaurants, cafes, retail stores, and service-based businesses looking to establish a profitable presence in Hong Kong's competitive market.

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

The cost to rent a shop on Tanner Road in North Point, Hong Kong varies significantly depending on the size, location, and condition of the retail space. As of 2024, monthly rental prices for ground floor shops on Tanner Road typically range from HK$15,000 to HK$80,000, with prime street-facing locations commanding higher rates of HK$50 to HK$120 per square foot. Smaller shops of 200-400 square feet generally cost between HK$20,000 to HK$40,000 per month, while larger retail spaces exceeding 800 square feet can reach HK$60,000 to HK$100,000 monthly. The rental cost also depends on factors such as foot traffic, proximity to North Point MTR station, building age, and whether the shop includes fixtures or requires renovation. Upper floor retail spaces on Tanner Road are typically 20-30% cheaper than ground floor units. Additional costs include management fees, utility deposits, and often a three-month security deposit. For the most current Tanner Road shop rental prices, prospective tenants should consult local real estate agents specializing in North Point commercial properties, as market rates fluctuate based on Hong Kong's dynamic retail property market conditions.

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

Tanner Road in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when the area's numerous retail outlets, restaurants, and commercial establishments attract both locals and tourists. As a key thoroughfare connecting to the bustling Causeway Bay shopping district, Tanner Road sees consistent pedestrian flow from morning through evening, with the heaviest congestion typically occurring between 11 AM and 9 PM when nearby shopping centers like Times Square and Sogo are most active. The foot traffic on Tanner Road is significantly influenced by its proximity to major MTR stations and bus stops, making it a popular route for commuters and shoppers navigating between Causeway Bay's main attractions. Weekend foot traffic tends to be higher than weekdays, especially during major shopping seasons and public holidays, as the road serves as an important pedestrian corridor linking various shopping venues, dining establishments, and entertainment facilities in one of Hong Kong's most vibrant commercial districts.