Shops for Rent on Fung Mat Road, Hong Kong

Why rent a shop on Fung Mat Road, Shek Tong Tsui, Hong Kong?

Renting a shop on Fung Mat Road, Hong Kong, offers strategic advantages for businesses seeking a blend of accessibility, local customer traffic, and a unique waterfront ambiance. Fung Mat Road is located near key areas like the Central & Western Wholesale Food Market and the Fung Mat Road Waterfront Open Space, known as We Park, which attracts families and tourists alike with its innovative playgrounds and artistic outdoor spaces. This location benefits from a combination of commercial activity and recreational draw, providing potential retail tenants with diverse foot traffic. Furthermore, Fung Mat Road's proximity to established shopping districts and markets in Hong Kong enhances the shopping experience for customers, making it an attractive spot for retailers looking to tap into both local shoppers and visitors. Renting a shop here can give businesses exposure to a dynamic environment where commerce meets community lifestyle, ideal for specialty retail, food vendors, or boutique stores seeking a distinctive yet practical location.

How much does it cost to rent a shop on Fung Mat Road, Shek Tong Tsui, Hong Kong?

The cost to rent a shop on Fung Mat Road in Shek Tong Tsui, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month, depending on the shop size, location along the street, and current market conditions. Ground floor retail spaces on Fung Mat Road generally command higher rental rates due to better foot traffic and visibility, with prices averaging HK$40 to HK$70 per square foot monthly. Smaller shops of 200-400 square feet may rent for HK$25,000 to HK$40,000 monthly, while larger retail units exceeding 600 square feet can cost HK$50,000 to HK$80,000 or more per month. The rental cost on Fung Mat Road is influenced by factors such as proximity to MTR stations, neighboring businesses, shop condition, and lease terms, with most landlords requiring a security deposit equivalent to 2-3 months rent plus the first month's rent in advance. Prospective tenants should also budget for additional costs including management fees, government rates, utilities, and renovation expenses when calculating the total cost of renting a shop in this popular Shek Tong Tsui commercial area.

What's the foot traffic like on Fung Mat Road, Shek Tong Tsui, Hong Kong?

Fung Mat Road is in Shek Tong Tsui, a residential area between Sai Ying Pun and Kennedy Town, close to HKU MTR station and the University of Hong Kong, with trams running along Des Voeux Road West. Shoppers are mainly residents and students. Foot traffic varies from street to street: Queen's Road West, the tram route and the streets near the MTR exits see the most pedestrians, while residential streets on the hillside are quieter for most of the day. Check the shop listings on this page and contact Hollies for street-level detail on Fung Mat Road.