Shops for Rent on Hoi Hong Street, Hong Kong

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

Renting a shop on Hoi Hong Street, Hong Kong, is an excellent choice for businesses seeking to capitalize on the area's vibrant retail environment and strong foot traffic. Hoi Hong Street is situated in a dynamic shopping district known for its diverse mix of shops, eateries, and local markets, attracting both tourists and residents looking for unique products and experiences. By renting a shop here, retailers benefit from the street's accessibility, busy atmosphere, and proximity to key shopping hubs on Hong Kong Island, which are renowned for drawing high numbers of shoppers daily. This strategic location offers opportunities for brand exposure, customer engagement, and steady sales growth in one of Hong Kong's most active commercial areas.

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

The cost to rent a shop on Hoi Hong Street in Quarry Bay, Hong Kong typically ranges from HK$15,000 to HK$45,000 per month depending on the size, location within the street, and condition of the property. Ground floor retail spaces on Hoi Hong Street generally command higher rental rates due to better foot traffic and visibility, with prime locations near the MTR station or major residential complexes potentially reaching the upper end of this range. Smaller shop units of around 200-400 square feet may rent for approximately HK$15,000 to HK$25,000 monthly, while larger retail spaces exceeding 500 square feet can cost HK$30,000 to HK$45,000 per month. Factors affecting shop rental prices on Hoi Hong Street include proximity to Quarry Bay MTR station, surrounding residential density, street-level accessibility, and the overall commercial viability of the specific location. Prospective tenants should also budget for additional costs such as management fees, utilities, and potentially a security deposit equivalent to two to three months rent when considering retail space rental in this popular Quarry Bay commercial area.

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

Hoi Hong Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when the area attracts both locals and tourists exploring the vibrant Causeway Bay district. The foot traffic on Hoi Hong Street is significantly influenced by its proximity to major shopping destinations like Times Square, SOGO department store, and numerous retail outlets that make Causeway Bay one of Hong Kong's premier shopping areas. Pedestrian flow typically increases during lunch hours as office workers from nearby commercial buildings frequent the street's restaurants and cafes, while evenings see a surge in foot traffic as people visit the area's dining establishments and entertainment venues. The street's foot traffic patterns are also affected by its connection to Causeway Bay MTR station, one of Hong Kong's busiest subway stations, which brings thousands of commuters and visitors to the area daily. During major shopping seasons, festivals, and public holidays, Hoi Hong Street experiences particularly heavy pedestrian traffic as it serves as a key thoroughfare connecting various shopping and dining districts within Causeway Bay, making it an integral part of Hong Kong's bustling urban commercial landscape.