Shops for Rent on Tai Hang Drive, Hong Kong

Why rent a shop on Tai Hang Drive, Tai Hang, Hong Kong?

Renting a shop on Tai Hang Drive in Hong Kong offers a prime opportunity to establish a business in a unique and affluent neighborhood known for its blend of luxury residences and vibrant local culture. Tai Hang is located just southeast of Causeway Bay on Hong Kong Island, making it highly accessible while maintaining a distinct charm with a mix of historic buildings and trendy independent shops and cafes. The area attracts both affluent residents and expatriate professionals, which creates a desirable customer base for retail and service businesses. Additionally, Tai Hang is famous for cultural events such as the Mid-Autumn Festival Fire Dragon Dance, drawing crowds and boosting foot traffic. Its close proximity to Causeway Bay, coupled with scenic surroundings and a strong sense of community, makes Tai Hang Drive an excellent location to rent a shop for business growth and exposure in Hong Kong’s competitive market.

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

Renting a shop on Tai Hang Drive in Tai Hang, Hong Kong typically costs between HK$40 to HK$120 per square foot per month, depending on the specific location, size, and condition of the retail space. Ground floor shops with street-facing frontage on Tai Hang Drive command premium rental rates, often ranging from HK$80 to HK$120 per square foot monthly, while upper floor commercial units may rent for HK$40 to HK$70 per square foot per month. The cost to rent commercial property in Tai Hang varies significantly based on factors such as proximity to Causeway Bay, foot traffic levels, shop size ranging from 200 to 1,500 square feet, and whether the unit includes fixtures or requires renovation. Small retail shops of 300-500 square feet on Tai Hang Drive typically rent for HK$25,000 to HK$50,000 per month, while larger commercial spaces exceeding 1,000 square feet can cost HK$80,000 to HK$150,000 monthly. Additional costs for renting a shop in Tai Hang include security deposits equivalent to 2-3 months rent, government rates, management fees, and utility connections, which can add 15-25% to the base rental cost.

What's the foot traffic like on Tai Hang Drive, Causeway Bay, Hong Kong?

Tai Hang Drive in Causeway Bay, Hong Kong experiences moderate foot traffic throughout the day, with peak pedestrian activity occurring during evening hours and weekends when locals and tourists visit the trendy Tai Hang neighborhood. The foot traffic on Tai Hang Drive is significantly lighter compared to the bustling main streets of Causeway Bay like Hennessy Road or Great George Street, making it a more relaxed walking environment. Pedestrian flow increases notably during the Mid-Autumn Festival when thousands of visitors flock to Tai Hang for the famous Fire Dragon Dance, transforming this typically quiet residential street into a crowded cultural destination. During regular weekdays, Tai Hang Drive sees steady but manageable foot traffic from residents, office workers, and visitors exploring the area's boutique shops, cafes, and restaurants. The street's foot traffic patterns make it an attractive location for pedestrians seeking to escape the heavy crowds of central Causeway Bay while still enjoying easy access to the district's shopping and dining amenities. Weekend foot traffic on Tai Hang Drive tends to be higher as people visit the neighborhood's popular eateries and explore the charming residential area that has become increasingly popular among both locals and international visitors to Hong Kong.