Shops for Rent on Kwai Heung Street, Hong Kong

Why rent a shop on Kwai Heung Street, Sai Ying Pun, Hong Kong?

Renting a shop on Kwai Heung Street in Hong Kong offers significant advantages due to its strategic location within the vibrant Sai Ying Pun district currently undergoing extensive urban renewal. This area is set to benefit from major redevelopment projects by the Urban Renewal Authority, which will transform ageing buildings into modern residential and commercial spaces, enhancing foot traffic and customer potential. The redevelopment includes approximately 400 to 1,200 square meters of new commercial space, promising revitalized surroundings and increased business opportunities. Additionally, the proximity to other commercial arteries like Queen’s Road West and newly upgraded community facilities such as the expanded Sung Hing Lane Children’s Playground makes Kwai Heung Street a highly attractive and dynamic shopping location for retailers seeking growth in a popular, evolving neighborhood. Renting here positions businesses to capitalize on both long-term urban upgrades and an active local community.

How much does it cost to rent a shop on Kwai Heung Street, Sai Ying Pun, Hong Kong?

The cost to rent a shop on Kwai Heung Street in Sai Ying Pun, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month, depending on the shop size, location along the street, and current market conditions. Ground floor retail spaces on Kwai Heung Street generally command higher rental prices due to better foot traffic and visibility, with smaller shops of 200-400 square feet averaging HK$30,000 to HK$50,000 monthly, while larger commercial units can reach HK$60,000 to HK$80,000 per month. The rental cost per square foot on Kwai Heung Street Sai Ying Pun usually falls between HK$80 to HK$150, making it a moderately priced retail location compared to prime shopping districts in Central or Causeway Bay. Factors affecting shop rental prices on Kwai Heung Street include proximity to MTR stations, building age and condition, lease terms, and the overall economic climate in Hong Kong's retail property market. Prospective tenants should also budget for additional costs such as rates, management fees, utilities, and security deposits when calculating the total expense of renting a shop in this Sai Ying Pun location.

What's the foot traffic like on Kwai Heung Street, Causeway Bay, Hong Kong?

Kwai Heung 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 Causeway Bay shopping district. Located in one of Hong Kong's busiest commercial areas, Kwai Heung Street benefits from its proximity to major shopping centers like Times Square, SOGO, and numerous retail outlets that draw both locals and tourists. The foot traffic on Kwai Heung Street typically increases during lunch hours as office workers from surrounding buildings seek dining options, and reaches its peak during evening hours and weekends when shoppers explore the vibrant Causeway Bay area. The street's pedestrian flow is also influenced by its connection to the Causeway Bay MTR station, one of Hong Kong's busiest subway stations, which brings a steady stream of commuters and visitors throughout the day. Business owners and retailers on Kwai Heung Street can expect consistent pedestrian activity, making it an attractive location for retail establishments, restaurants, and service businesses looking to capitalize on Causeway Bay's reputation as a premier shopping and dining destination in Hong Kong.