Shops for Rent on Taikoo Wan Road, Hong Kong

Why rent a shop on Taikoo Wan Road, Quarry Bay, Hong Kong?

Renting a shop on Taikoo Wan Road, Hong Kong, offers strategic advantages due to its prime location in the Tai Koo business and shopping district. This area features Grade A office buildings like 12 Taikoo Wan Road and 14 Taikoo Wan Road, which provide direct access to Tai Koo MTR Station and the expansive Cityplaza shopping mall, one of the largest in Hong Kong. Shops here benefit from high foot traffic generated by office workers, shoppers, and tourists, combined with excellent transport connectivity. The surrounding neighborhood includes amenities such as dining options, fitness centers, and professional business services, creating a vibrant commercial environment. Additionally, the area offers scenic views of Victoria Harbour and Quarry Bay Park, enhancing the appeal for retail and business tenants aiming to serve both local and international customers. This makes Taikoo Wan Road an ideal location for renting retail or office space to maximize business exposure and convenience.

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

The cost to rent a shop on Taikoo Wan Road in Quarry Bay, Hong Kong varies significantly depending on location, size, and property condition, with typical rental rates ranging from HK$30 to HK$80 per square foot per month. Ground floor retail spaces on Taikoo Wan Road generally command higher rents due to better visibility and foot traffic, particularly near the Taikoo Shing shopping complex and MTR stations. Smaller shops of 200-500 square feet may cost between HK$15,000 to HK$40,000 monthly, while larger retail units exceeding 1,000 square feet can reach HK$80,000 or more per month. Quarry Bay shop rental prices are influenced by the area's proximity to major commercial developments like Cityplaza and Pacific Place, excellent transportation links via Quarry Bay and Taikoo MTR stations, and the dense residential population in Taikoo Shing. Additional costs for renting a shop on Taikoo Wan Road include government rates, management fees, utility deposits, and often a security deposit equivalent to 2-3 months rent, making the total initial investment substantial for prospective retail tenants in this prime Hong Kong location.

What's the foot traffic like on Taikoo Wan Road, Causeway Bay, Hong Kong?

Taikoo Wan Road in Causeway Bay, Hong Kong experiences moderate to heavy foot traffic throughout the day, particularly during peak shopping hours and weekends when visitors flock to the nearby Times Square shopping mall and surrounding retail establishments. The foot traffic on Taikoo Wan Road is significantly influenced by its strategic location connecting major shopping districts, with pedestrian flow increasing substantially during lunch hours (12pm-2pm) and evening periods (6pm-9pm) when office workers and tourists explore the area's numerous restaurants, cafes, and retail outlets. While not as densely packed as the main Russell Street or Hennessy Road corridors, Taikoo Wan Road maintains steady pedestrian activity due to its proximity to Causeway Bay MTR station and serves as an important thoroughfare for shoppers moving between Times Square and other popular destinations in the Causeway Bay shopping district. The street's foot traffic patterns make it an attractive location for retail businesses and restaurants looking to capitalize on the consistent flow of both local residents and international tourists visiting one of Hong Kong's premier shopping and dining neighborhoods.