Shops for Rent on Knutsford Terrace, Hong Kong

Why rent a shop on Knutsford Terrace, Tsim Sha Tsui, Hong Kong?

Renting a shop on Knutsford Terrace in Hong Kong offers a prime business opportunity due to its highly popular pedestrianised location in Tsim Sha Tsui, surrounded by major hotels and shopping malls. This bustling street is renowned for its vibrant nightlife, alfresco dining, and a diverse mix of trendy restaurants and bars that attract large crowds of both locals and expatriates day and night. Its unique atmosphere, often compared to the lively Lan Kwai Fong area on Hong Kong Island, combined with close proximity to cultural attractions and a steady flow of tourists and residents, makes Knutsford Terrace an ideal spot for retail or food and beverage businesses seeking high visibility and consistent foot traffic. The area’s blend of international and local flavors further enhances its appeal, supporting a dynamic and lucrative commercial environment.

How much does it cost to rent a shop on Knutsford Terrace, Tsim Sha Tsui, Hong Kong?

The cost to rent a shop on Knutsford Terrace in Tsim Sha Tsui, Hong Kong varies significantly depending on the size, location, and condition of the property. Ground floor retail spaces on this popular entertainment strip typically range from HK$80 to HK$200 per square foot per month, with prime locations commanding higher rates due to heavy foot traffic from tourists and locals. Smaller shop units of around 300-500 square feet may cost between HK$25,000 to HK$60,000 monthly, while larger premises can exceed HK$100,000 per month. Additional costs include government rates, management fees, utility deposits, and often a substantial security deposit equivalent to 3-6 months rent. The high rental prices on Knutsford Terrace reflect its status as one of Hong Kong's most vibrant nightlife and dining districts, situated in the heart of Tsim Sha Tsui near major shopping areas and transportation hubs. Prospective tenants should also budget for fit-out costs and licensing fees, particularly for food and beverage establishments, which are common on this famous terrace known for its international restaurants and bars.

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

Knutsford Terrace in Causeway Bay, Hong Kong experiences exceptionally high foot traffic throughout the week, making it one of the busiest pedestrian areas in the district. This popular entertainment strip sees peak crowds during evenings and weekends when locals and tourists flock to its numerous bars, restaurants, and nightlife venues. The foot traffic on Knutsford Terrace typically intensifies after 6 PM on weekdays and remains consistently busy from Friday evening through Sunday night, with Saturday being the most crowded day. During lunch hours, the area also attracts significant pedestrian flow from nearby office workers and shoppers exploring Causeway Bay's retail district. The narrow terrace can become quite congested during peak periods, particularly during Hong Kong's cooler months from October to March when outdoor dining and socializing are most popular. Visitors should expect heavy foot traffic and plan accordingly, especially if visiting during weekends or public holidays when the pedestrian volume reaches its highest levels.