Shops for Rent on Tong Chong Street, Hong Kong

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

Renting a shop on Tong Chong Street in Hong Kong offers a strategic opportunity to be part of a vibrant gastronomic and community hub known for its emphasis on locally sourced, sustainable foods and innovative culinary experiences. Tong Chong Street Market, located in Taikoo Place, attracts a diverse crowd of food lovers and supports creative culinary entrepreneurs, making it an ideal location for businesses focused on unique food offerings or artisanal products. The street's transformation from an industrial sugar refinery area into a trendy destination with cafes, pubs, and dynamic food events further enhances foot traffic and brand visibility. Additionally, the market’s focus on supporting local organic farmers and socially responsible food initiatives aligns well with current consumer trends towards sustainability and quality, providing strong marketing and business advantages for shop renters. This combination of a vibrant community atmosphere, strategic location, and alignment with modern food culture makes Tong Chong Street a highly appealing spot to rent a shop in Hong Kong.

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

The cost to rent a shop on Tong Chong Street in Quarry Bay, Hong Kong varies significantly depending on the size, location, and condition of the retail space. As of 2024, monthly rental prices for commercial shops on Tong Chong Street typically range from HKD 15,000 to HKD 80,000 per month for smaller retail units, while larger ground floor shops with better street visibility can command rents of HKD 100,000 to HKD 200,000 or more monthly. The rental cost per square foot in this popular Quarry Bay shopping area generally falls between HKD 35 to HKD 120 per square foot, with premium locations near the MTR station or main pedestrian areas commanding higher rates. Factors affecting shop rental prices on Tong Chong Street include proximity to Quarry Bay MTR station, foot traffic levels, shop size, floor level, lease terms, and current market conditions in Hong Kong's retail property sector. Prospective tenants should also budget for additional costs such as management fees, rates, government rent, utility deposits, and fitting-out expenses when planning to rent commercial space in this busy Quarry Bay retail district.

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

Tong Chong Street in Causeway Bay, Hong Kong experiences moderate to high 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 outlets. As a key connecting street in one of Hong Kong's busiest commercial districts, Tong Chong Street sees steady pedestrian flow from office workers during weekday lunch hours and evening rush periods, while tourists and local shoppers contribute to increased foot traffic on weekends and holidays. The street's proximity to Causeway Bay MTR station, major department stores like SOGO, and popular dining establishments ensures consistent pedestrian activity, though traffic levels can vary significantly depending on the time of day, weather conditions, and special events in the area. Business owners and retailers on Tong Chong Street benefit from this consistent foot traffic, making it an attractive location for shops, restaurants, and commercial establishments looking to capitalize on Causeway Bay's reputation as one of Hong Kong's premier shopping and entertainment districts.