Shops for Rent on Peking Road, Hong Kong

Why rent a shop on Peking Road, Tsim Sha Tsui, Hong Kong?

Renting a shop on Peking Road in Hong Kong offers a prime retail opportunity in a bustling commercial district located in Tsim Sha Tsui, Kowloon. This area is well-known for its concentration of hotels and diverse shopping options, attracting both locals and tourists. The strategic location between Nathan Road and Canton Road ensures high foot traffic and excellent visibility, making it ideal for retail businesses seeking exposure to a wide customer base. Additionally, Peking Road is surrounded by popular landmarks such as The Langham and iSQUARE shopping mall, further enhancing its appeal as a vibrant shopping destination. Renting a shop here allows businesses to tap into a dynamic market with a blend of luxury and mass-market consumers, benefiting from the area's continuous flow of visitors and shoppers.

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

The cost to rent a shop on Peking Road in Tsim Sha Tsui, Hong Kong varies significantly depending on location, size, and floor level, with monthly rental rates typically ranging from HK$80,000 to HK$500,000 or more for prime ground floor retail spaces. Peking Road shop rental prices are among the highest in Hong Kong due to its prestigious location in the heart of Tsim Sha Tsui's golden shopping mile, with ground floor units commanding premium rates of approximately HK$1,000 to HK$3,000 per square foot per month. Upper floor retail spaces on Peking Road generally cost between HK$300 to HK$800 per square foot monthly, making them more affordable alternatives for businesses seeking a Tsim Sha Tsui address. Factors affecting Peking Road rental costs include proximity to major hotels, foot traffic levels, shop frontage width, and lease terms, with most landlords requiring substantial security deposits equivalent to 3-6 months rent plus additional charges for management fees and government rates. Prospective tenants should budget for total occupancy costs including rent, rates, management fees, and fit-out expenses when considering a retail space on this coveted Hong Kong shopping street.

What's the foot traffic like on Peking Road, Causeway Bay, Hong Kong?

Peking Road in Causeway Bay, Hong Kong experiences extremely high foot traffic throughout the day, making it one of the busiest pedestrian areas in the city. This popular shopping street sees peak crowds during weekends, public holidays, and evening hours between 6 PM to 10 PM when both locals and tourists flock to the area's numerous retail stores, restaurants, and entertainment venues. The foot traffic on Peking Road is particularly heavy due to its proximity to major shopping destinations like Times Square, SOGO department store, and Hysan Place, as well as its connection to Causeway Bay MTR station. During weekdays, the area maintains steady pedestrian flow with business workers, shoppers, and tourists, while weekends can become extremely congested with shoulder-to-shoulder crowds, especially during major sales periods and festivals. The constant stream of pedestrians on Peking Road Causeway Bay makes it a prime location for retail businesses, though visitors should expect slow walking speeds and crowded conditions, particularly during peak shopping hours and special events in Hong Kong.