Shops for Rent on Tung Hei Road, Hong Kong

Why rent a shop on Tung Hei Road, Shau Kei Wan, Hong Kong?

Renting a shop on Tung Hei Road, Hong Kong, offers strategic advantages for businesses seeking a location in a vibrant commercial area. Tung Hei Road is situated in an accessible and bustling district with good transport links, making it an ideal spot to attract foot traffic from both locals and visitors. The area's commercial growth, coupled with its proximity to key business hubs and MTR stations, provides excellent visibility and convenience, which are crucial for retail success. Additionally, renting a shop on Tung Hei Road allows businesses to tap into the dynamic and diverse markets of Hong Kong Island's Eastern District, known for its mix of industrial, residential, and increasingly commercial developments. This combination makes Tung Hei Road a practical and promising location for retail and service-oriented enterprises looking to expand their presence in Hong Kong.

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

The cost to rent a shop on Tung Hei Road in Shau Kei Wan, Hong Kong varies significantly depending on the size, location, and condition of the property. Ground floor retail spaces on Tung Hei Road typically range from HK$25 to HK$45 per square foot per month, while smaller shop units may command higher per-square-foot rates of HK$40 to HK$60 monthly. Shops located closer to the Shau Kei Wan MTR station or main intersections generally command premium rents, with popular food and beverage outlets potentially paying HK$50,000 to HK$150,000 per month for well-positioned units. First-floor or upper-level commercial spaces on Tung Hei Road offer more affordable options, usually priced 20-30% lower than ground floor units. Additional costs for renting a shop in Shau Kei Wan include government rates, management fees, utility deposits, and typically a three-month rental deposit plus one month advance rent. Prospective tenants should budget for total monthly occupancy costs of approximately 15-20% above the base rent when considering a retail space on Tung Hei Road, and rental prices in this established Shau Kei Wan commercial area have remained relatively stable compared to prime Central or Causeway Bay locations.

What's the foot traffic like on Tung Hei Road, Causeway Bay, Hong Kong?

Tung Hei Road 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 surrounding retail establishments. The pedestrian flow on Tung Hei Road is heavily influenced by its strategic location connecting major shopping areas, with the highest concentration of foot traffic typically occurring between 11 AM and 9 PM when stores are open and tourists explore the Causeway Bay district. During weekdays, foot traffic on Tung Hei Road tends to be more manageable with steady flows of office workers, local residents, and shoppers, while weekends and public holidays see significantly increased pedestrian activity as both locals and tourists visit the numerous restaurants, shops, and entertainment venues in the area. The road's proximity to the Causeway Bay MTR station also contributes to consistent foot traffic as commuters and visitors use Tung Hei Road as a transit route to access various attractions and commercial establishments in one of Hong Kong's busiest shopping districts.