Shops for Rent on Hing Wan Street, Hong Kong

Why rent a shop on Hing Wan Street, Wan Chai, Hong Kong?

Renting a shop on Hing Wan Street in Hong Kong offers a strategic advantage due to its prime location in the bustling Wan Chai district, known for its vibrant business, shopping, dining, and entertainment scene. This area benefits from excellent public transportation links, including nearby MTR stations like Wan Chai and Admiralty, which facilitate easy access for both customers and staff. Hing Wan Street is also close to popular shopping destinations such as the new arcade "Lee Tung Avenue," making it an ideal spot for retail businesses seeking high foot traffic and visibility. The combination of a central location, strong transport connectivity, and proximity to key commercial hubs makes renting a shop on Hing Wan Street a smart choice for leveraging Hong Kong’s dynamic market.

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

Renting a shop on Hing Wan Street in Wan Chai, Hong Kong typically costs between HK$80 to HK$200 per square foot per month, depending on the specific location, floor level, and condition of the property. Ground floor retail spaces on Hing Wan Street command premium prices due to high foot traffic and excellent visibility, often ranging from HK$150 to HK$200 per square foot monthly, while upper floor commercial units may be available for HK$80 to HK$120 per square foot per month. Wan Chai shop rental prices on Hing Wan Street are influenced by factors such as proximity to MTR stations, building age, shop size, and lease terms, with smaller units under 500 square feet generally commanding higher per-square-foot rates. Additional costs for Hing Wan Street shop rentals include management fees, rates, government rent, and utility deposits, which can add approximately 15-20% to the base rental cost. Prospective tenants should budget for at least three months' rent as security deposit plus the first month's rent in advance when securing a retail space on this popular Wan Chai street, making the total upfront investment significant for prime commercial locations in this busy Hong Kong district.

What's the foot traffic like on Hing Wan Street, Causeway Bay, Hong Kong?

Hing Wan Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when locals and tourists explore the vibrant Causeway Bay district. The street benefits from its strategic location near major shopping destinations like Times Square, SOGO department store, and numerous fashion boutiques, which naturally draws pedestrians through the area. Foot traffic on Hing Wan Street typically increases significantly during lunch hours as office workers from nearby commercial buildings seek dining options, and again in the evening when the street's restaurants, bars, and entertainment venues become popular destinations. The pedestrian flow varies seasonally, with higher volumes during Hong Kong's peak tourist seasons and major shopping festivals, while the street's proximity to Causeway Bay MTR station ensures consistent daily foot traffic from commuters and shoppers. Business owners and retailers on Hing Wan Street generally benefit from this steady stream of pedestrians, making it an attractive location for restaurants, cafes, and retail establishments looking to capitalize on Causeway Bay's reputation as one of Hong Kong's premier shopping and dining districts.