Shops for Rent on Hoi Chak Street, Hong Kong

Why rent a shop on Hoi Chak Street, Quarry Bay, Hong Kong?

Renting a shop on Hoi Chak Street, Hong Kong, offers a strategic advantage due to its prime location in Quarry Bay, a vibrant and rapidly growing commercial district. This area combines industrial heritage with modern commercial development, providing a dynamic environment for businesses seeking exposure to a diverse clientele. Hoi Chak Street benefits from excellent transport links, including close proximity to Quarry Bay Station and multiple bus stops, making it accessible for customers and staff alike. The street is also surrounded by amenities such as cafes, restaurants, shopping centers, and service facilities, which contribute to high foot traffic and convenience. Additionally, the presence of modern office spaces and coworking venues nearby attracts a community of professionals and creatives, fostering valuable networking opportunities that can benefit retail tenants. Overall, renting a shop on Hoi Chak Street means securing a well-connected, lively location that supports business growth and customer engagement in Hong Kong’s Eastern District.

How much does it cost to rent a shop on Hoi Chak Street, Quarry Bay, Hong Kong?

Renting a shop on Hoi Chak Street in Quarry Bay, Hong Kong typically costs between HK$25 to HK$60 per square foot per month, depending on the specific location, shop size, and condition of the property. Ground floor retail spaces on Hoi Chak Street generally command higher rental rates due to better visibility and foot traffic, while upper floor commercial units may be available at more affordable rates. The rental cost for shops in Quarry Bay has remained relatively stable compared to prime retail districts like Central or Causeway Bay, making Hoi Chak Street an attractive option for small businesses and local retailers. Factors influencing shop rental prices on Hoi Chak Street include proximity to Quarry Bay MTR station, the presence of nearby residential complexes like Kornhill and Kornville, and the overall commercial activity in the area. For a typical 300-500 square foot retail space on Hoi Chak Street, business owners can expect monthly rental costs ranging from HK$7,500 to HK$30,000, plus additional management fees and government rates that may add another 10-15% to the total occupancy cost.

What's the foot traffic like on Hoi Chak Street, Causeway Bay, Hong Kong?

Hoi Chak Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, making it a bustling area for both locals and tourists. Located in one of Hong Kong's premier shopping districts, Hoi Chak Street sees consistent pedestrian flow due to its proximity to major shopping centers like Times Square, Sogo department store, and numerous retail outlets. The foot traffic on Hoi Chak Street typically peaks during lunch hours from 12pm to 2pm when office workers frequent the area's restaurants and cafes, and again during evening hours from 6pm to 9pm as shoppers and diners explore Causeway Bay's entertainment options. Weekends generally bring heavier pedestrian traffic to Hoi Chak Street as tourists and local families visit the area for shopping and dining experiences. The street's connection to Causeway Bay MTR station ensures steady foot traffic throughout operating hours, while the presence of popular eateries, bubble tea shops, and retail stores contributes to the consistent flow of pedestrians. Business owners considering Hoi Chak Street locations can expect reliable foot traffic patterns that support retail and food service ventures in this prime Causeway Bay location.