Shops for Rent on Wai Tsui Crescent, Hong Kong

Why rent a shop on Wai Tsui Crescent, North Point, Hong Kong?

Renting a shop on Wai Tsui Crescent, Hong Kong, offers a strategic location in the Braemar Hill area of the Eastern District, known for its proximity to residential neighborhoods and established commercial centers. This area attracts considerable foot traffic due to nearby housing estates and shopping facilities, making it ideal for retail businesses seeking local customers. Additionally, Wai Tsui Crescent provides convenient access to North Point and other vibrant districts, enhancing business visibility. Shops here benefit from a community-focused environment with steady demand for daily essentials and services, which can contribute to stable income and growth opportunities for tenants looking to establish or expand their presence in Hong Kong’s competitive retail market. Overall, renting a shop on Wai Tsui Crescent means combining convenience, catchment potential, and a well-connected location favorable for business success.

How much does it cost to rent a shop on Wai Tsui Crescent, North Point, Hong Kong?

The cost to rent a shop on Wai Tsui Crescent in North Point, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month, depending on the size, location within the street, and specific business type permitted. Ground floor retail spaces on Wai Tsui Crescent generally command higher rents due to their prime visibility and foot traffic, with smaller units of 200-400 square feet averaging HK$30,000-50,000 monthly, while larger corner shops or premium locations can exceed HK$60,000-80,000 per month. Additional costs for renting a shop on Wai Tsui Crescent include security deposits equivalent to 2-3 months rent, government rates and management fees, and potential renovation expenses. The rental market in North Point remains competitive due to its excellent transport links via North Point MTR station and high residential density, making Wai Tsui Crescent an attractive location for retail businesses targeting local residents. Prospective tenants should budget for total setup costs of 4-6 times the monthly rent when planning to open a shop on Wai Tsui Crescent, and rental prices may vary based on current market conditions and lease terms negotiated with landlords.

What's the foot traffic like on Wai Tsui Crescent, Causeway Bay, Hong Kong?

Wai Tsui Crescent in Causeway Bay, Hong Kong experiences moderate foot traffic throughout the day, primarily consisting of local residents and visitors accessing nearby commercial areas. Located in one of Hong Kong's busiest shopping districts, this street benefits from the high pedestrian activity in Causeway Bay, though it tends to be less congested than major thoroughfares like Hennessy Road or Russell Street. The foot traffic on Wai Tsui Crescent typically peaks during lunch hours between 12-2 PM and evening hours from 6-8 PM when office workers and shoppers move through the area. Weekend foot traffic increases significantly as tourists and locals explore Causeway Bay's numerous shopping malls, restaurants, and entertainment venues. The street's proximity to Times Square, SOGO department store, and various MTR exits contributes to steady pedestrian flow, making it an accessible location for businesses and retail establishments. Visitors planning to walk along Wai Tsui Crescent should expect busier conditions during Hong Kong's peak shopping seasons and public holidays when Causeway Bay attracts even larger crowds of both local and international shoppers.