Shops for Rent on Lock Road, Hong Kong
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Why rent a shop on Lock Road, Tsim Sha Tsui, Hong Kong?
Renting a shop on Lock Road, Hong Kong, offers a strategic location advantage due to its proximity to the bustling Tsim Sha Tsui area and just a two-minute walk from the Tsim Sha Tsui MTR station, providing excellent foot traffic and accessibility. The Lokville Commercial Building on Lock Road is a notable commercial property featuring a mix of office and retail spaces, making it ideal for businesses in beauty, medical, and semi-retail sectors seeking a high-visibility site. Additionally, the area benefits from nearby Grade A office buildings and a vibrant commercial environment, supporting diverse business opportunities. Lock Road also hosts popular local eateries, enhancing the neighborhood’s appeal for both customers and employees. These factors combine to make renting a shop on Lock Road a valuable option for entrepreneurs looking to establish or expand their presence in one of Hong Kong’s prime commercial districts.
How much does it cost to rent a shop on Lock Road, Tsim Sha Tsui, Hong Kong?
The cost to rent a shop on Lock 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. Shop rental prices on Lock Road generally range from HK$80 to HK$300 per square foot per month, with prime ground floor locations near the Nathan Road intersection fetching rates at 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 shops exceeding 1,000 square feet can command rents of HK$150,000 to HK$400,000 or more per month. Upper floor retail spaces and basement levels typically offer more affordable alternatives, with rental rates 20-40% lower than ground floor premises. Lock Road's strategic position in the heart of Tsim Sha Tsui's shopping district, close to major tourist attractions and MTR stations, makes it one of Hong Kong's most expensive retail rental markets, with landlords often requiring substantial security deposits equivalent to 3-6 months rent plus additional fees for management and utilities.
What's the foot traffic like on Lock Road, Causeway Bay, Hong Kong?
Lock 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. The street connects major shopping destinations including Times Square, SOGO department store, and numerous fashion boutiques, resulting in constant crowds of both locals and tourists. Peak foot traffic occurs during weekends, public holidays, and evening hours from 6 PM to 10 PM when office workers and shoppers flood the area. The pedestrian volume is particularly dense near the MTR Causeway Bay Station exits and around popular shopping complexes, with thousands of people walking along Lock Road every hour during busy periods. During major sales seasons like Chinese New Year and Christmas, the foot traffic can become so congested that walking speeds slow significantly, and the street often requires crowd control measures to manage the flow of pedestrians safely.
