Shops for Rent on Ying Wa Terrace, Hong Kong

Why rent a shop on Ying Wa Terrace, Sai Ying Pun, Hong Kong?

Renting a shop on Ying Wa Terrace, Hong Kong, offers strategic advantages due to its prime location in the Western Mid-Levels area, close to Sai Ying Pun MTR Station and multiple bus routes, ensuring high foot traffic and excellent accessibility. Ying Wa Court, situated at 12 Ying Wa Terrace, is a modern development by Henderson with well-maintained facilities, providing 60 units in a single block, ideal for businesses seeking exposure to a diverse, bustling community and easy connections to central business districts. The area blends vibrant residential and commercial activities, making it attractive for retail and service shops aiming for a dynamic customer base. Furthermore, competitive rental prices relative to the quality of location and building amenities make renting on Ying Wa Terrace a cost-effective choice for entrepreneurs looking to establish or expand their presence in Hong Kong’s thriving urban environment.

How much does it cost to rent a shop on Ying Wa Terrace, Sai Ying Pun, Hong Kong?

The cost to rent a shop on Ying Wa Terrace in Sai Ying Pun, Hong Kong typically ranges from HKD 25,000 to HKD 80,000 per month, depending on the size, condition, and exact location of the retail space. Ground floor shops on Ying Wa Terrace generally command higher rents due to better street visibility and foot traffic, with average rental rates ranging between HKD 40 to HKD 120 per square foot monthly. Smaller retail units of 200-400 square feet may cost around HKD 30,000 to HKD 50,000 monthly, while larger commercial spaces exceeding 800 square feet can reach HKD 70,000 to HKD 100,000 per month. Factors affecting shop rental prices on Ying Wa Terrace include proximity to MTR stations, building age, shop frontage width, ceiling height, and local competition from nearby commercial areas in Sai Ying Pun. Additional costs for renting commercial property in this area typically include management fees, rates, government rent, utility deposits, and renovation expenses, which can add 15-25% to the base monthly rental cost.

What's the foot traffic like on Ying Wa Terrace, Causeway Bay, Hong Kong?

Ying Wa Terrace 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 complex and Causeway Bay's bustling retail district. The foot traffic on Ying Wa Terrace is primarily composed of shoppers, office workers, and tourists exploring the Causeway Bay area, with the heaviest pedestrian flow occurring between 11 AM and 9 PM when most retail establishments are open. As a connecting street in one of Hong Kong's most popular shopping districts, Ying Wa Terrace benefits from the spillover foot traffic from major attractions like Times Square, SOGO department store, and the numerous fashion boutiques that make Causeway Bay a premier shopping destination. The pedestrian volume tends to increase significantly during lunch hours when office workers from nearby commercial buildings frequent the area's restaurants and cafes, and during evening hours when both locals and tourists enjoy the vibrant nightlife and dining scene that Causeway Bay is famous for throughout Hong Kong.