Shops for Rent on Miu Tung Street, Hong Kong

Why rent a shop on Miu Tung Street, Shau Kei Wan, Hong Kong?

Renting a shop on Miu Tung Street in Hong Kong is a strategic choice for businesses seeking to tap into the vibrant local market of Shau Kei Wan in the Eastern District. Miu Tung Street offers a dynamic shopping environment with a mix of residential and commercial activity, attracting steady foot traffic from nearby neighborhoods. Its location provides affordability compared to more central districts while still maintaining accessibility, making it ideal for retailers, eateries, and service providers aiming to establish or expand their presence in Hong Kong’s diverse retail landscape. Additionally, the proximity to community hubs and transport links enhances visibility and customer flow, which are crucial for business growth. This combination of cost-effectiveness, location advantages, and access to a loyal local customer base makes renting a shop on Miu Tung Street a practical and potentially profitable investment.

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

The cost to rent a shop on Miu Tung Street in Shau Kei Wan, Hong Kong varies significantly depending on the size, location, and condition of the property. Ground floor retail spaces on Miu Tung Street typically range from HK$25,000 to HK$60,000 per month for small to medium-sized shops of approximately 300 to 800 square feet. Larger corner units or shops with better foot traffic positioning can command monthly rents of HK$70,000 to HK$120,000 or more. The rental rates on Miu Tung Street are generally more affordable compared to Hong Kong Island's prime commercial districts, making it an attractive option for small businesses and local retailers. Factors affecting shop rental costs in Shau Kei Wan include proximity to the MTR station, street-level visibility, tenant mix in the area, and the overall condition of the building. Prospective tenants should also budget for additional costs such as management fees, utilities, government rates, and typically a security deposit equivalent to three to six months' rent when leasing retail space on Miu Tung Street.

What's the foot traffic like on Miu Tung Street, Causeway Bay, Hong Kong?

Miu Tung 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 Causeway Bay's famous retail district. The street, located in one of Hong Kong's busiest commercial areas, sees consistent pedestrian flow from both local residents and tourists exploring the vibrant Causeway Bay neighborhood. Foot traffic on Miu Tung Street tends to be heaviest during lunch hours from 12-2 PM and evening hours from 6-9 PM when office workers and shoppers frequent the area's restaurants, cafes, and retail establishments. The proximity to Causeway Bay MTR station and major shopping centers like Times Square ensures steady pedestrian traffic throughout the week, with Saturday and Sunday typically recording the highest volumes as both locals and international visitors explore this popular Hong Kong shopping destination. During major shopping seasons such as Chinese New Year and summer sales periods, Miu Tung Street experiences significantly increased foot traffic as part of the broader Causeway Bay shopping circuit.