Shops for Rent on Hoi Wan Street, Hong Kong

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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, Quarry Bay, Hong Kong?

Hoi Wan Street is in Quarry Bay, where the Taikoo Place office towers sit next to older residential blocks, served by Quarry Bay MTR station on the Island and Tseung Kwan O lines. Office workers fill the area on weekdays, especially at lunchtime, while residents keep King's Road active in the evenings and at weekends. Foot traffic varies from street to street: King's Road and the roads around the MTR and Taikoo Place see the most pedestrians, while side streets are quieter. Check the shop listings on this page and contact Hollies for street-level detail on Hoi Wan Street.