Shops for Rent on Fleming Road, Hong Kong

Why rent a shop on Fleming Road, Wan Chai, Hong Kong?

Renting a shop on Fleming Road in Hong Kong offers a strategic location in the bustling Wan Chai district, known for its vibrant commercial activity and proximity to key transport links. Fleming Road connects major roads like Johnston Road and Gloucester Road, providing excellent accessibility for customers and suppliers. The area benefits from high foot traffic, thanks to nearby office buildings, hotels, restaurants, and the Hong Kong Convention and Exhibition Centre, making it ideal for retail or service businesses seeking visibility and convenience. Additionally, Wan Chai's dense mix of residential and commercial properties ensures a diverse customer base, contributing to consistent business opportunities for shop tenants on Fleming Road.

How much does it cost to rent a shop on Fleming Road, Wan Chai, Hong Kong?

The cost to rent a shop on Fleming Road in Wan Chai, Hong Kong typically ranges from HK$80 to HK$200 per square foot per month, depending on the specific location, shop size, and current market conditions. Ground floor retail spaces on Fleming Road generally command higher rental rates due to their prime visibility and foot traffic, with smaller shops of 200-500 square feet often renting for HK$25,000 to HK$60,000 monthly. Larger retail units exceeding 1,000 square feet may cost between HK$80,000 to HK$150,000 per month. Fleming Road's strategic location in Wan Chai, connecting to major shopping areas and MTR stations, makes it a sought-after destination for retail businesses, which influences the premium pricing. Additional costs to consider when renting a shop on Fleming Road include management fees, rates and government rent, utility deposits, and renovation expenses. Shop rental prices in this area have remained relatively stable in recent years, though they can fluctuate based on Hong Kong's overall economic conditions and retail market demand. Prospective tenants should also budget for a security deposit equivalent to 2-3 months' rent when securing a Fleming Road shop lease.

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

Fleming 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 district, Fleming Road connects major retail destinations including Times Square, SOGO department store, and numerous luxury boutiques, resulting in constant streams of shoppers, tourists, and office workers. Peak foot traffic occurs during lunch hours from 12pm to 2pm and evening hours from 6pm to 9pm on weekdays, while weekends see sustained heavy pedestrian flow from morning until late evening. The road's proximity to Causeway Bay MTR station, one of Hong Kong's busiest subway stops, contributes significantly to the consistent pedestrian volume, with thousands of commuters passing through daily. International tourists frequently traverse Fleming Road when exploring Causeway Bay's renowned shopping scene, particularly during holiday seasons and major sales periods. The foot traffic density on Fleming Road often requires careful navigation due to crowded sidewalks, especially near popular retail entrances and during special events or festivals in the Causeway Bay area.