Shops for Rent on Chun Fai Terrace, Hong Kong

Why rent a shop on Chun Fai Terrace, Tai Hang, Hong Kong?

Renting a shop on Chun Fai Terrace, Hong Kong, offers a strategic advantage due to its prime location in Tai Hang, a vibrant area known for its upscale residential community and convenient access to transportation options such as minibuses, buses, and taxis. Chun Fai Terrace benefits from proximity to The Signature, a well-developed residential complex by New World, featuring a blend of luxury living and facilities that attract affluent residents, making it an ideal spot for retailers seeking high foot traffic from a discerning customer base. Additionally, the area’s blend of commercial and residential spaces creates diverse business opportunities, supported by local amenities and a strong community atmosphere that enhances the potential for sustained customer engagement. For businesses aiming to leverage a prestigious address and enjoy access to a bustling district, renting a shop on Chun Fai Terrace represents a sound investment.

How much does it cost to rent a shop on Chun Fai Terrace, Tai Hang, Hong Kong?

The cost to rent a shop on Chun Fai Terrace in Tai Hang, Hong Kong varies significantly depending on the size, location within the street, and current market conditions. Based on recent market data, retail rental prices in Tai Hang typically range from HK$40 to HK$80 per square foot per month for ground floor shops, with Chun Fai Terrace commanding premium rates due to its prime location and high foot traffic. Smaller retail spaces of 200-500 square feet may cost between HK$15,000 to HK$35,000 monthly, while larger commercial units can exceed HK$60,000 per month. The rental cost for shops on Chun Fai Terrace is influenced by factors such as proximity to Tai Hang's popular restaurants and cafes, accessibility to public transport, and the overall gentrification of the area. Property agents specializing in Tai Hang commercial real estate recommend budgeting additional costs including management fees, rates, and utility deposits when calculating the total monthly expenditure for renting a shop on Chun Fai Terrace.

What's the foot traffic like on Chun Fai Terrace, Causeway Bay, Hong Kong?

Chun Fai Terrace in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day due to its strategic location in one of Hong Kong's busiest commercial districts. The pedestrian flow on Chun Fai Terrace is influenced by its proximity to major shopping areas like Times Square, Sogo department store, and the Causeway Bay MTR station, which attracts both locals and tourists seeking retail therapy and dining experiences. During peak hours, particularly weekday lunch times from 12pm to 2pm and evening rush hours from 6pm to 8pm, foot traffic on Chun Fai Terrace increases significantly as office workers and shoppers navigate through the area. Weekends see consistently heavy pedestrian activity on Chun Fai Terrace as it serves as a connecting route between popular shopping destinations and food establishments in Causeway Bay. The street's foot traffic patterns make it an attractive location for retail businesses and restaurants looking to capitalize on the high volume of potential customers passing through this vibrant Hong Kong neighborhood daily.