Shops for Rent on Tin Chong Street, Hong Kong

Why rent a shop on Tin Chong Street, North Point, Hong Kong?

Renting a shop on Tin Chong Street in Hong Kong offers strategic advantages due to its prime location in the vibrant Eastern District, close to major MTR stations such as Fortress Hill and North Point. This accessibility ensures high foot traffic and convenience for both customers and businesses. The area features established residential and commercial buildings like Luen Wo Apartments, providing a steady local customer base. Additionally, Tin Chong Street’s connectivity to Hong Kong Island’s bustling business and shopping districts makes it an ideal spot for retail, dining, or service-oriented shops seeking visibility and growth opportunities in a dynamic urban environment. The mix of commercial potential, customer accessibility, and neighborhood liveliness makes renting shop space here an attractive choice for entrepreneurs and retailers looking to establish a strong presence in Hong Kong.

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

The cost to rent a shop on Tin Chong Street in North Point, Hong Kong varies significantly depending on the size, location, and condition of the property. As of 2024, retail rental prices on Tin Chong Street typically range from HK$25 to HK$60 per square foot per month, with ground floor units commanding premium rates due to higher foot traffic and visibility. Smaller shops of 200-400 square feet can expect monthly rents between HK$8,000 to HK$20,000, while larger retail spaces exceeding 1,000 square feet may cost HK$40,000 to HK$80,000 per month. The rental cost on Tin Chong Street is generally more affordable compared to prime shopping districts like Causeway Bay or Central, making it an attractive option for small businesses and local retailers. Factors affecting rental prices include proximity to North Point MTR station, street-level accessibility, tenant mix in the building, and lease terms. Prospective tenants should also budget for additional costs such as management fees, rates, government rent, and security deposits which typically amount to 2-3 months rent upfront when signing a lease agreement on Tin Chong Street.

What's the foot traffic like on Tin Chong Street, Causeway Bay, Hong Kong?

Tin Chong Street in Causeway Bay, Hong Kong experiences moderate to heavy foot traffic throughout the day, particularly during peak shopping hours and weekends when the area attracts both locals and tourists. Located in one of Hong Kong's busiest commercial districts, Tin Chong Street benefits from its proximity to major shopping centers like Times Square and Sogo, which drives consistent pedestrian flow along the street. The foot traffic on Tin Chong Street typically peaks during lunch hours between 12-2 PM and evening hours from 6-9 PM when office workers and shoppers frequent the numerous restaurants, cafes, and retail outlets in the area. Weekend foot traffic tends to be heavier than weekdays, with Saturday afternoons seeing the highest concentration of pedestrians as Causeway Bay serves as a major shopping destination for Hong Kong residents and visitors. The street's pedestrian density is also influenced by its connection to the Causeway Bay MTR station, making it a natural thoroughfare for commuters and contributing to the steady stream of foot traffic throughout operating hours.