Shops for Rent on Hung Fook Street, Hong Kong

Why rent a shop on Hung Fook Street, To Kwa Wan, Hong Kong?

Renting a shop on Hung Fook Street in Hong Kong offers a strategic advantage due to its location within Hung Fuk Shopping Centre, a well-designed promenade shopping street in Yuen Long. The shopping centre features 14 diverse shops including supermarkets, convenience stores, clinics, and eateries, attracting steady foot traffic from local residents and adjacent neighborhoods. The centre’s accessibility is enhanced by its flat, open design with barrier-free facilities, making it convenient for all customers, including those with mobility challenges. It is also well-served by public transport, situated near the Hung Shui Kiu Light Rail Station and a public transport interchange, ensuring ease of access for shoppers and employees. Additionally, modern amenities such as electric vehicle charging stations and a single-storey layout support a comfortable shopping environment, making it an ideal retail location for business growth on Hung Fook Street.

How much does it cost to rent a shop on Hung Fook Street, To Kwa Wan, Hong Kong?

The cost to rent a shop on Hung Fook Street in To Kwa Wan, Hong Kong typically ranges from HK$15,000 to HK$45,000 per month, depending on the shop size, location along the street, and current market conditions. Ground floor retail spaces on Hung Fook Street generally command higher rents due to better visibility and foot traffic, with rental prices averaging around HK$25 to HK$40 per square foot monthly. Smaller shops of 200-400 square feet may cost between HK$15,000 to HK$25,000 monthly, while larger retail units exceeding 500 square feet can reach HK$35,000 to HK$45,000 per month. To Kwa Wan has experienced steady rental growth in recent years due to urban redevelopment projects and improved transportation links, making Hung Fook Street an increasingly popular location for small businesses, restaurants, and local retailers. Prospective tenants should also budget for additional costs including management fees, government rates, utility deposits, and potential renovation expenses when calculating the total cost of renting a shop on Hung Fook Street.

What's the foot traffic like on Hung Fook Street, Causeway Bay, Hong Kong?

Hung Fook Street in Causeway Bay, Hong Kong experiences exceptionally high foot traffic throughout the day, making it one of the busiest pedestrian areas in the city. Located in the heart of Causeway Bay's prime shopping district, this street connects major retail destinations including Times Square, SOGO department store, and numerous fashion boutiques, resulting in constant streams of both local residents and international tourists. Peak foot traffic occurs during weekends, public holidays, and evening hours from 6 PM to 10 PM when office workers join shoppers and diners exploring the area's renowned restaurants and entertainment venues. The street's proximity to Causeway Bay MTR station, one of Hong Kong's busiest subway stops, contributes significantly to the heavy pedestrian flow, with thousands of commuters passing through daily. During major shopping seasons like Chinese New Year, Golden Week holidays, and Christmas, foot traffic on Hung Fook Street can become extremely congested, often requiring careful navigation through dense crowds of visitors attracted to the area's luxury brands, electronics stores, and authentic Hong Kong dining experiences.