Shops for Rent on Lai Tak Tsuen Road, Hong Kong

Why rent a shop on Lai Tak Tsuen Road, Tai Hang, Hong Kong?

Renting a shop on Lai Tak Tsuen Road in Hong Kong offers a unique opportunity due to its location within one of the city’s iconic public housing estates known for its distinctive cylindrical buildings and vibrant community. Lai Tak Tsuen, built in 1975, houses over 11,000 residents, providing a stable and sizable customer base for retail businesses. The area features a mix of residential and commercial facilities, including shops, market stalls, community centers, and recreational amenities, which ensures consistent foot traffic. Furthermore, Lai Tak Tsuen is easily accessible, situated near Victoria Park and a 15-minute walk from the Tin Hau MTR station, making it convenient for shoppers. Renting a shop here allows businesses to tap into a densely populated neighborhood with a strong community presence and distinctive architectural appeal, enhancing both visibility and potential customer engagement.

How much does it cost to rent a shop on Lai Tak Tsuen Road, Tai Hang, Hong Kong?

The cost to rent a shop on Lai Tak Tsuen Road in Tai Hang, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month depending on the size, location, and condition of the retail space. Lai Tak Tsuen Road shop rental prices are influenced by factors such as foot traffic, proximity to MTR stations, floor area measured in square feet, and the specific position along the street. Ground floor retail spaces on Lai Tak Tsuen Road generally command higher rents due to better visibility and accessibility, while smaller shops or those on upper floors may be available at more competitive rates. Commercial property rental costs in Tai Hang have remained relatively stable compared to prime Central or Causeway Bay locations, making Lai Tak Tsuen Road an attractive option for small businesses and local retailers. Prospective tenants should also budget for additional expenses including management fees, rates, government rent, utility deposits, and renovation costs when calculating the total investment required to operate a shop on Lai Tak Tsuen Road in the Tai Hang district of Hong Kong Island.

What's the foot traffic like on Lai Tak Tsuen Road, Causeway Bay, Hong Kong?

Lai Tak Tsuen Road in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when the area's numerous retail outlets, restaurants, and commercial establishments draw both locals and tourists. The foot traffic on Lai Tak Tsuen Road is significantly influenced by its proximity to major Causeway Bay attractions and shopping districts, with pedestrian flow typically increasing during lunch hours as office workers from nearby buildings frequent the street's dining options. Weekday foot traffic on Lai Tak Tsuen Road tends to be steady with morning and evening rush periods, while weekends see considerably higher pedestrian volumes due to leisure shoppers and visitors exploring Causeway Bay's retail scene. The street's foot traffic patterns are also affected by its connection to Causeway Bay's extensive public transportation network, including the MTR station, which brings consistent pedestrian flow throughout operating hours. Seasonal events, festivals, and holiday periods can significantly boost foot traffic on Lai Tak Tsuen Road, making it one of the busier secondary streets in the Causeway Bay district of Hong Kong Island.