Shops for Rent on Hoi Foo Street, Hong Kong

Why rent a shop on Hoi Foo Street, Shau Kei Wan, Hong Kong?

Renting a shop on Hoi Foo Street, Hong Kong, offers a strategic opportunity to serve the local neighborhood of Mongkok, as this area is home to the Hoi Fu Shopping Centre, which caters primarily to nearby residents. The location is ideal for businesses targeting community-based customers, providing access to a built-in customer base that frequently visits the shopping center for everyday needs such as groceries, dining, and convenience items. While Hoi Fu Shopping Centre itself is relatively small and focused on local demand, it provides a steady foot traffic from residents living in the adjacent Hoi Fu Court estate. Moreover, its proximity to major shopping destinations like Olympian City allows shop owners to benefit from spillover foot traffic in the broader Mongkok district. Renting here is particularly advantageous for entrepreneurs and retailers who want a dedicated, localized presence in a busy residential district of Hong Kong, rather than catering to tourists or the general citywide market.

How much does it cost to rent a shop on Hoi Foo Street, Shau Kei Wan, Hong Kong?

The cost to rent a shop on Hoi Foo Street in Shau Kei Wan, Hong Kong varies significantly depending on the size, location, and condition of the property. Ground floor retail spaces on Hoi Foo Street typically range from HKD 15,000 to HKD 40,000 per month for smaller units of 200-500 square feet, while larger shops exceeding 800 square feet can command monthly rents of HKD 50,000 to HKD 80,000 or more. Shau Kei Wan shop rental prices are generally more affordable compared to Central or Causeway Bay, making Hoi Foo Street an attractive option for small businesses and local retailers. Factors affecting rental costs include proximity to Shau Kei Wan MTR station, foot traffic levels, parking availability, and the overall condition of the building. Prime corner units or shops with good street visibility on Hoi Foo Street may command premium rents up to 20-30% higher than standard units. Additional costs typically include management fees, government rates, and a security deposit equivalent to 2-3 months rent, so potential tenants should budget accordingly when considering retail space rental in this popular Shau Kei Wan commercial area.

What's the foot traffic like on Hoi Foo Street, Causeway Bay, Hong Kong?

Hoi Foo Street 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 outlets. Located in one of Hong Kong's busiest commercial districts, Hoi Foo Street sees consistent pedestrian flow from both local residents and tourists exploring Causeway Bay's numerous shopping centers, restaurants, and entertainment venues. The foot traffic on Hoi Foo Street typically intensifies during lunch hours as office workers from nearby buildings seek dining options, and again in the evenings when shoppers and tourists visit the area's popular attractions. Weekends and public holidays generally bring the highest pedestrian volumes to Hoi Foo Street, as Causeway Bay remains one of Hong Kong's premier shopping and dining destinations, making this street a well-traveled thoroughfare for both leisurely strolls and purposeful shopping trips.