Shops for Rent on Haiphong Road, Hong Kong
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Why rent a shop on Haiphong Road, Tsim Sha Tsui, Hong Kong?
Renting a shop on Haiphong Road in Hong Kong offers strategic advantages due to its prime location in Tsim Sha Tsui, one of the city’s busiest shopping districts. Haiphong Road connects major shopping streets like Canton Road and Nathan Road, attracting high pedestrian traffic which benefits retail businesses. Recently, Haiphong Road has emerged as one of the most favored shopping streets for retailers, with strong leasing demand for medium-sized shops in high-traffic areas. Despite retail rents being about 40% lower than pre-pandemic levels, the street maintains significant commercial appeal and visibility, making it a cost-effective option for businesses seeking exposure in a vibrant retail environment. Additionally, the road’s rich history and proximity to landmarks like Kowloon Park add to its unique commercial charm. This combination of foot traffic, relative affordability, and location in a notable shopping hub makes Haiphong Road a compelling choice for shop rentals in Hong Kong.
How much does it cost to rent a shop on Haiphong Road, Tsim Sha Tsui, Hong Kong?
The cost to rent a shop on Haiphong Road in Tsim Sha Tsui, Hong Kong varies significantly depending on location, size, and floor level, with ground floor retail spaces typically commanding the highest premiums due to maximum foot traffic exposure. Shop rental prices on Haiphong Road generally range from HK$80 to HK$300 per square foot per month, with prime ground floor locations near the intersection with Nathan Road or Canton Road reaching the upper end of this spectrum. Smaller retail units of 200-500 square feet may cost between HK$25,000 to HK$80,000 monthly, while larger flagship stores exceeding 1,000 square feet can command monthly rents of HK$150,000 to HK$500,000 or more. Upper floor commercial spaces on Haiphong Road typically offer more affordable alternatives at HK$30 to HK$120 per square foot monthly, making them attractive options for businesses requiring lower street-level visibility. Factors influencing Haiphong Road shop rental costs include proximity to MTR stations, nearby luxury shopping centers like Harbour City, seasonal tourism fluctuations in Tsim Sha Tsui, and overall market conditions in Hong Kong's competitive retail property sector.
What's the foot traffic like on Haiphong Road, Causeway Bay, Hong Kong?
Haiphong Road 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 and commercial district, Haiphong Road sees constant streams of locals, tourists, and shoppers moving between major attractions like Times Square, SOGO department store, and numerous fashion boutiques. Peak foot traffic typically occurs during lunch hours from 12-2 PM when office workers flood the area, and again during evening hours from 6-9 PM as people finish work and engage in shopping and dining activities. Weekends bring even heavier pedestrian congestion as both Hong Kong residents and international visitors explore the vibrant shopping scene. The road's strategic position connecting multiple MTR exits, shopping centers, and entertainment venues ensures consistent heavy foot traffic from early morning until late night, with the area remaining particularly crowded during major shopping seasons, holidays, and special events. This high pedestrian density makes Haiphong Road an extremely valuable location for retail businesses and contributes to Causeway Bay's reputation as one of the world's most expensive retail districts.
