Shops for Rent on Tai Tak Street, Hong Kong

Why rent a shop on Tai Tak Street, Shau Kei Wan, Hong Kong?

Renting a shop on Tai Tak Street, Hong Kong, offers strategic advantages for businesses seeking vibrant foot traffic and a prime location. Tai Tak Street, situated in the bustling Wan Chai district, benefits from a mix of commercial activities and proximity to major retail hubs like the nearby Kai Tak Mall, known for its diverse shopping, dining, and entertainment options. This area attracts a steady stream of locals and tourists, making it ideal for retail, food, or service-oriented shops. Additionally, Tai Tak Street’s established presence since the mid-20th century provides a well-connected urban environment with accessibility to transport and other business amenities. Choosing Tai Tak Street for shop rental means tapping into a dynamic neighborhood with excellent exposure and growth potential in a key commercial zone of Hong Kong.

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

The cost to rent a shop on Tai Tak Street in Shau Kei Wan, Hong Kong typically ranges from HK$15,000 to HK$45,000 per month, depending on the size, location, and condition of the retail space. Ground floor shops with street-level access and good visibility generally command higher rents, averaging HK$25 to HK$40 per square foot, while upper floor commercial units may be available for HK$18 to HK$28 per square foot. Tai Tak Street shop rental prices are influenced by factors such as proximity to Shau Kei Wan MTR station, foot traffic patterns, nearby residential developments, and the overall commercial activity in the area. Smaller retail units of 200-400 square feet suitable for convenience stores, cafes, or service businesses typically rent for HK$15,000 to HK$25,000 monthly, while larger spaces exceeding 600 square feet can cost HK$30,000 to HK$45,000 or more. Additional costs to consider when budgeting for a Tai Tak Street shop rental include management fees, utilities, renovation expenses, and the standard practice of paying two to three months rent as security deposit plus one month in advance.

What's the foot traffic like on Tai Tak Street, Causeway Bay, Hong Kong?

Tai Tak Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, making it a bustling commercial area popular with both locals and tourists. Located in one of Hong Kong's premier shopping districts, Tai Tak Street sees consistent pedestrian flow due to its proximity to major shopping centers like Times Square and Sogo, as well as numerous restaurants, cafes, and retail outlets lining the street. The foot traffic typically peaks during lunch hours from 12pm to 2pm when office workers visit nearby eateries, and again in the evenings from 6pm to 9pm as shoppers and diners frequent the area. Weekends generally bring heavier pedestrian traffic as tourists and local families explore Causeway Bay's shopping and dining options. The street's location near the Causeway Bay MTR station contributes significantly to its steady stream of foot traffic, with many commuters and visitors passing through on their way to other destinations in the district. Business owners and retailers on Tai Tak Street benefit from this consistent pedestrian flow, which provides good visibility and customer exposure throughout most operating hours.