Shops for Rent on Ormsby Street, Hong Kong
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Why rent a shop on Ormsby Street, Tai Hang, Hong Kong?
Renting a shop on Ormsby Street in Hong Kong offers a unique opportunity to be part of Tai Hang’s vibrant cultural and commercial scene. This area is known for its rich heritage, dynamic community, and a mix of trendy cafes, local eateries, and boutique stores that attract both locals and tourists. Shops on Ormsby Street benefit from steady foot traffic due to popular dining spots like Shun Hing and Bing Kee Restaurant, which are well-loved for their iconic Hong Kong-style dishes and drinks. The street’s eclectic blend of historic charm and modern trends makes it an ideal location for businesses aiming to connect with a diverse, engaged audience in a culturally rich neighborhood situated between Causeway Bay and Tin Hau. Moreover, Tai Hang’s reputation for hip and community-focused commerce supports retail longevity and visibility, providing renters a promising business environment.
How much does it cost to rent a shop on Ormsby Street, Tai Hang, Hong Kong?
The cost to rent a shop on Ormsby Street in Tai Hang, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month, depending on the size, condition, and exact location of the retail space. Ormsby Street shop rental prices vary significantly based on factors such as square footage, street-level visibility, proximity to MTR stations, and local foot traffic patterns in the Tai Hang district. Ground floor retail units on Ormsby Street generally command higher rents due to better accessibility and storefront exposure, while smaller shops or those on upper floors may be available at the lower end of the price range. When budgeting for an Ormsby Street shop rental in Tai Hang, potential tenants should also factor in additional costs such as management fees, rates, government rent, security deposits equivalent to 2-3 months rent, and any required renovation expenses to customize the space for their business needs.
What's the foot traffic like on Ormsby Street, Causeway Bay, Hong Kong?
Ormsby Street 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 districts. The pedestrian flow on Ormsby Street is consistently busy due to its strategic location connecting major shopping areas, with the heaviest foot traffic occurring between 11 AM and 9 PM when both locals and tourists navigate between the MTR station, department stores, and popular dining establishments. The street serves as a vital pedestrian corridor in Causeway Bay's retail hub, making it one of the busier secondary streets in the area, though not as congested as the main thoroughfares like Russell Street or Hennessy Road. Foot traffic tends to increase significantly during lunch hours, after-work periods, and holiday seasons when Causeway Bay attracts millions of shoppers and visitors seeking the district's renowned shopping and entertainment options.
