Shops for Rent on Hoi Kwong Street, Hong Kong

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

Renting a shop on Hoi Kwong Street in Hong Kong offers a strategic location within the bustling Quarry Bay district, known for its vibrant retail scene and proximity to major transportation like Quarry Bay MTR station. Hoi Kwong Arcade, situated at the junction of Hoi Kwong Street and Tong Chong Street, provides convenient access to both local residents and the working population in this decentralized business hub. This area benefits from a mix of commercial and residential developments, attracting diverse foot traffic ideal for retail businesses. Additionally, Quarry Bay's reputation for affordable dining, unique shopping options, and a growing business community adds to the attractive prospects for shop rentals on Hoi Kwong Street, making it an excellent choice for entrepreneurs seeking visibility and steady customer flow in Hong Kong.

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

The cost to rent a shop on Hoi Kwong Street in Quarry Bay, Hong Kong typically ranges from HK$30 to HK$80 per square foot per month, depending on the specific location, shop size, and current market conditions. Ground floor retail spaces on Hoi Kwong Street generally command higher rental rates due to better visibility and foot traffic, while upper floor commercial units may be available at more competitive prices. Factors affecting shop rental costs in this Quarry Bay location include proximity to the MTR station, street frontage, building age and condition, and the surrounding commercial mix. Small retail shops of 200-500 square feet on Hoi Kwong Street may cost between HK$6,000 to HK$40,000 per month, while larger commercial spaces can reach HK$100,000 or more monthly. Potential tenants should also budget for additional costs such as management fees, rates, government rent, and security deposits equivalent to 2-3 months rent when calculating the total cost of renting a shop in Quarry Bay's Hoi Kwong Street area.

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

Hoi Kwong Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends. Located in one of Hong Kong's busiest commercial districts, this street connects major shopping areas and serves as a thoroughfare for both locals and tourists navigating between Causeway Bay's popular destinations like Times Square, SOGO department store, and various shopping malls. The foot traffic on Hoi Kwong Street tends to be heaviest during lunch hours from 12pm to 2pm when office workers frequent nearby restaurants, and again during evening hours from 6pm to 9pm when people are shopping and dining after work. Weekends see increased pedestrian activity as tourists and locals explore Causeway Bay's retail offerings, with foot traffic remaining consistently busy from late morning through evening. The street's proximity to Causeway Bay MTR station and major bus routes contributes to the steady flow of pedestrians, making it a vibrant part of Hong Kong's urban landscape with continuous movement throughout most daylight and evening hours.