Shops for Rent on Ngoi Man Street, Hong Kong

Why rent a shop on Ngoi Man Street, Shau Kei Wan, Hong Kong?

Renting a shop on Ngoi Man Street in Hong Kong offers strategic advantages for businesses seeking a location in the vibrant Eastern District, specifically Shau Kei Wan. Ngoi Man Street is home to established commercial buildings like Sun Lee Building and Hung Lee Building, which have been operational since the early 1970s, indicating a stable business environment. This street benefits from a steady flow of local foot traffic and provides easy access to residential and commercial areas, making it ideal for retail shops targeting neighborhood customers. Additionally, the area offers relatively affordable rental rates compared to more central districts of Hong Kong, allowing businesses to optimize their operational costs while benefiting from a solid local market presence. Choosing Ngoi Man Street allows shop owners to tap into a community-oriented customer base and leverage the street’s accessibility within Hong Kong’s Eastern District.

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

The cost to rent a shop on Ngoi Man Street in Shau Kei Wan, Hong Kong typically ranges from HK$15,000 to HK$45,000 per month, depending on the shop size, location along the street, and current market conditions. Ground floor retail spaces on Ngoi Man Street generally command higher rental prices due to better foot traffic and visibility, while upper floor commercial units may be available at more affordable rates. Factors affecting shop rental costs in this Shau Kei Wan location include proximity to the MTR station, shop frontage width, internal area measured in square feet, and the condition of the property. Small retail shops of around 200-400 square feet on Ngoi Man Street may start from HK$15,000 monthly, while larger commercial spaces exceeding 800 square feet can reach HK$40,000 or more per month. Prospective tenants should also budget for additional costs such as management fees, rates, government rent, and utility deposits when calculating the total expense of renting a shop in this popular Shau Kei Wan commercial area.

What's the foot traffic like on Ngoi Man Street, Causeway Bay, Hong Kong?

Ngoi Man Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends. Located in one of Hong Kong's busiest commercial districts, this street sees a steady flow of both local residents and tourists who frequent the area for shopping, dining, and entertainment. The foot traffic on Ngoi Man Street is typically heaviest between 11 AM and 9 PM, with notable increases during lunch hours (12 PM to 2 PM) and evening periods (6 PM to 8 PM) when office workers and shoppers converge in Causeway Bay. Weekends and public holidays generate significantly higher pedestrian volumes as the street connects to major shopping centers, restaurants, and the nearby Times Square complex. The street's proximity to Causeway Bay MTR station and its position within the prime retail zone of Hong Kong Island ensures consistent foot traffic year-round, making it an attractive location for retail businesses and restaurants seeking high visibility and customer exposure in this vibrant Hong Kong neighborhood.