Shops for Rent on Kai Ming Street, Hong Kong

Why rent a shop on Kai Ming Street, To Kwa Wan, Hong Kong?

Renting a shop on Kai Ming Street, Hong Kong, offers a strategic advantage due to the ongoing urban renewal projects that are transforming the area into a modern and vibrant commercial-residential hub. The Kai Ming Street Demand-Led Redevelopment Project and the Kai Ming Street/Wing Kwong Street Development Project are currently underway, with targeted completion around 2026/2027, featuring new commercial spaces integrated into mixed-use developments. These projects introduce upgraded commercial areas with a total Gross Floor Area (GFA) of over 2,200 square meters dedicated to retail and business use, alongside substantial residential redevelopment, enhancing local foot traffic and community density. The location in To Kwa Wan, Kowloon City, positions shops in a growing district supported by government urban renewal efforts, offering potential for businesses to capitalize on rising local demand and improved infrastructure. Additionally, the area benefits from governmental support through land reversion and redevelopment incentives, making it attractive for retailers seeking stable growth in a rejuvenated neighborhood. Renting here means tapping into a market with increasing residential presence and modern commercial facilities, ideal for business expansion in one of Hong Kong’s evolving urban areas.

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

The cost to rent a shop on Kai Ming 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 Kai Ming Street generally command higher rents due to better foot traffic and visibility, with average rental rates falling between HK$25 to HK$40 per square foot monthly. Smaller shops of around 300-500 square feet may start from HK$18,000 monthly, while larger commercial units exceeding 1,000 square feet can reach HK$50,000 or more per month. Factors affecting Kai Ming Street shop rental prices include proximity to the To Kwa Wan MTR station, corner unit positioning, renovation conditions, and lease terms, with most landlords requiring a security deposit equivalent to 2-3 months rent plus one month advance payment. Prospective tenants should also budget for additional costs such as rates, management fees, and utilities when calculating the total monthly expense of renting retail space on this busy To Kwa Wan commercial street.

What's the foot traffic like on Kai Ming Street, Causeway Bay, Hong Kong?

Kai Ming Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends. Located in one of Hong Kong's busiest commercial districts, this street sees a steady flow of both locals and tourists who are drawn to the numerous retail outlets, restaurants, and entertainment venues in the surrounding Causeway Bay area. The foot traffic on Kai Ming Street typically increases significantly during lunch hours as office workers from nearby buildings seek dining options, and again in the evenings when shoppers visit the popular Times Square shopping mall and other retail establishments. Weekends and public holidays generally bring the heaviest pedestrian activity to Kai Ming Street, as families and tourists explore the vibrant Causeway Bay shopping district. The street's proximity to the Causeway Bay MTR station also contributes to consistent pedestrian flow throughout the day, making it a bustling thoroughfare that reflects the dynamic energy of this iconic Hong Kong neighborhood. Visitors planning to walk along Kai Ming Street should expect crowds, especially during peak retail hours between 2 PM and 9 PM on weekends.