Shops for Rent on Wang Fung Terrace, Hong Kong

Why rent a shop on Wang Fung Terrace, Tai Hang, Hong Kong?

Renting a shop on Wang Fung Terrace in Hong Kong offers a unique advantage due to its elevated and peaceful location above Tai Hang Road, near the upscale Jardine's Lookout area on Hong Kong Island. The area is characterized by a blend of traditional Tong Lau-style architecture and modern low-rise residential buildings, creating an attractive environment for retail businesses seeking a distinctive and serene setting. Shops here benefit from the affluent neighborhood and scenic views of Happy Valley and surrounding greenery, which can attract quality foot traffic and clientele. Additionally, the proximity to mid-level residential communities and well-established districts like Wan Chai provides a stable customer base and convenient access for both staff and customers, making Wang Fung Terrace a strategic choice for retail rental in a sought-after location.

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

The cost to rent a shop on Wang Fung Terrace in Tai Hang, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month, depending on the size, location within the building, and current market conditions. Wang Fung Terrace shop rental prices are influenced by the area's prime location in Tai Hang, which is known for its trendy restaurants, cafes, and proximity to Causeway Bay. Ground floor retail spaces on Wang Fung Terrace generally command higher rents due to better visibility and foot traffic, while upper floor commercial units may be available at more competitive rates. The rental cost per square foot for Wang Fung Terrace shops averages between HK$40 to HK$120, making it a sought-after location for businesses targeting the affluent Tai Hang demographic. Additional costs for renting a shop on Wang Fung Terrace include management fees, government rates, and utility deposits, which can add approximately 15-20% to the base rental amount. Prospective tenants should also factor in renovation costs and licensing fees when budgeting for a Wang Fung Terrace shop rental in this desirable Hong Kong Island location.

What's the foot traffic like on Wang Fung Terrace, Causeway Bay, Hong Kong?

Wang Fung Terrace in Causeway Bay experiences moderate to high foot traffic throughout the day, reflecting its strategic location in one of Hong Kong's busiest commercial districts. Located near the popular Times Square shopping mall and Causeway Bay MTR station, Wang Fung Terrace benefits from the constant flow of shoppers, office workers, and tourists navigating through the area. The foot traffic typically peaks during lunch hours between 12pm and 2pm when nearby office workers venture out for meals, and again in the evening from 6pm to 9pm as people finish work and engage in shopping or dining activities. Weekends see particularly heavy pedestrian traffic as both locals and tourists flock to Causeway Bay for shopping at nearby retail centers, dining at restaurants, and accessing the MTR station. The street's proximity to major shopping destinations like Times Square, SOGO department store, and various fashion boutiques ensures a steady stream of pedestrians throughout operating hours, making Wang Fung Terrace a vibrant part of Causeway Bay's bustling streetscape with consistently active foot traffic that reflects the district's status as a premier shopping and commercial hub in Hong Kong.