Shops for Rent on Hoi Wan Street, Hong Kong

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

Renting a shop on Hoi Wan Street, Hong Kong, offers a strategic opportunity for businesses due to its vibrant commercial atmosphere and strong customer flow. This street is located in a key district known for its mix of retail shops and proximity to popular shopping centers and markets, which attracts diverse local and tourist shoppers. The area benefits from established foot traffic generated by nearby major destinations, making it ideal for retail and service-oriented businesses seeking visibility and accessibility in one of Hong Kong’s dynamic neighborhoods. Additionally, renting on Hoi Wan Street allows businesses to tap into the city's rich culture of shopping and commerce, contributing to potential sales growth and brand exposure in a competitive yet lucrative market.

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

The cost to rent a shop on Hoi Wan Street in Quarry Bay, Hong Kong varies significantly depending on the unit size, location along the street, and current market conditions. As of 2024, retail rental prices on Hoi Wan Street typically range from HK$30 to HK$80 per square foot per month, with ground floor units commanding premium rates due to higher foot traffic and visibility. Smaller retail spaces of 200-500 square feet may cost between HK$15,000 to HK$35,000 monthly, while larger commercial units exceeding 1,000 square feet can reach HK$60,000 to HK$120,000 per month. The rental costs on Hoi Wan Street are influenced by its proximity to Quarry Bay MTR station, the presence of nearby office buildings and residential complexes, and the street's established retail ecosystem. Prospective tenants should also budget for additional expenses including management fees, rates, government rent, and typically a three-month security deposit when securing a shop rental on Hoi Wan Street, Quarry Bay.

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

Hoi Wan Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during weekends and evening hours when locals and tourists frequent the area's numerous restaurants, cafes, and retail establishments. The pedestrian flow on Hoi Wan Street is typically busiest between 12 PM and 2 PM during lunch hours and again from 6 PM to 10 PM for dinner and nightlife activities, as the street serves as a popular dining and entertainment destination in the heart of Causeway Bay. Foot traffic patterns on Hoi Wan Street vary seasonally, with peak pedestrian activity occurring during major shopping seasons, public holidays, and tourist high seasons when visitors explore the vibrant Causeway Bay district. The street's proximity to major shopping centers, MTR stations, and office buildings contributes to consistent daily foot traffic, making Hoi Wan Street an attractive location for businesses seeking high visibility and customer engagement in one of Hong Kong's most bustling commercial areas.