Shops for Rent on Yik Kwan Avenue, Hong Kong

Why rent a shop on Yik Kwan Avenue, Tai Hang, Hong Kong?

Renting a shop on Yik Kwan Avenue in Hong Kong offers a strategic advantage due to its prime location in the Wan Chai District, close to key business districts and bustling commercial areas. The avenue features low-density, well-maintained buildings with units suitable for various business needs, providing a quiet yet accessible environment that supports both retail and professional services. Its proximity to busy business hubs and residential neighborhoods attracts steady foot traffic, making it an ideal spot for entrepreneurs seeking visibility and convenience in a vibrant urban setting. Additionally, the area benefits from established infrastructure and good transportation links, enhancing customer accessibility and operational efficiency. These factors make Yik Kwan Avenue a desirable location for renting retail or commercial spaces in Hong Kong.

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

The cost to rent a shop on Yik Kwan Avenue in Tai Hang, Hong Kong typically ranges from HK$80 to HK$200 per square foot per month, depending on the specific location, shop size, and current market conditions. Yik Kwan Avenue shop rental prices are influenced by its prime location in the trendy Tai Hang neighborhood, proximity to Causeway Bay, and the area's growing popularity among locals and tourists. Ground floor retail spaces on Yik Kwan Avenue generally command higher rents compared to upper floors, with smaller boutique shops averaging HK$15,000 to HK$40,000 monthly, while larger commercial spaces can cost HK$60,000 to HK$150,000 per month. Factors affecting Yik Kwan Avenue commercial rent include foot traffic, nearby amenities, lease duration, and seasonal demand fluctuations. Prospective tenants should also budget for additional costs such as management fees, rates, government rent, and security deposits which typically amount to 2-3 months' rent upfront when securing a shop rental in this desirable Tai Hang location.

What's the foot traffic like on Yik Kwan Avenue, Causeway Bay, Hong Kong?

Yik Kwan Avenue in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when the area attracts both locals and tourists. Located in one of Hong Kong's busiest commercial districts, this avenue benefits from its proximity to major shopping centers like Times Square and Sogo, as well as the Causeway Bay MTR station, which generates consistent pedestrian flow. The foot traffic on Yik Kwan Avenue typically peaks between 11 AM to 9 PM, with the heaviest concentrations occurring during lunch hours (12 PM to 2 PM) and evening shopping periods (6 PM to 8 PM), making it an attractive location for retail businesses and restaurants. The street's pedestrian volume is significantly influenced by seasonal shopping patterns, major sales events, and Hong Kong's tourism cycles, with particularly busy periods during Chinese New Year, summer holidays, and Christmas shopping seasons when Causeway Bay becomes a prime destination for shopping enthusiasts.