Shops for Rent on Luard Road, Hong Kong

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

Renting a shop on Luard Road in Hong Kong offers strategic advantages for businesses looking to boost visibility and sales in a dynamic commercial area. Luard Road is located in the bustling Wan Chai district, a hub known for its vibrant mix of dining, retail, and financial services, attracting a diverse customer base. Retail spaces here provide companies the opportunity to capture foot traffic from locals and tourists alike, supporting brand exposure and customer engagement. Additionally, the area benefits from excellent transportation links and proximity to international banks and offices, making it ideal for business expansion. Flexible lease options and fully-equipped spaces further enhance the appeal, ensuring that tenants can start operations efficiently. These factors combine to make Luard Road a prime location for retail ventures seeking growth and connectivity in Hong Kong’s competitive market.

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

The cost to rent a shop on Luard Road in Wan Chai, Hong Kong varies significantly depending on the size, location, and condition of the property. As of 2024, retail rental prices on Luard Road typically range from HK$80 to HK$200 per square foot per month, with ground floor shops commanding premium rates due to higher foot traffic and visibility. Small retail spaces of around 200-500 square feet may cost between HK$16,000 to HK$100,000 per month, while larger commercial units can exceed HK$200,000 monthly. The exact rental cost depends on factors such as proximity to Wan Chai MTR station, street frontage, building age, and lease terms. Luard Road's strategic location in Wan Chai's business district, near restaurants, bars, and office buildings, makes it a desirable area for retail businesses, which contributes to higher rental prices compared to other secondary streets in Hong Kong. Prospective tenants should also budget for additional costs including management fees, government rates, utility deposits, and potentially key money or premium payments to secure prime retail locations on this popular Wan Chai street.

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

Luard Road in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak hours and weekends. As a key thoroughfare connecting the bustling Causeway Bay shopping district to Wan Chai, Luard Road sees consistent pedestrian flow from office workers, shoppers, and tourists moving between the Times Square area, Sogo department store, and various commercial buildings. The foot traffic is heaviest during lunch hours (12-2 PM) and evening rush hours (6-8 PM) on weekdays, while weekends bring increased activity from visitors exploring nearby attractions like Victoria Park and the numerous shopping centers. The street's proximity to Causeway Bay MTR station and multiple bus stops contributes to steady pedestrian volume, making it an attractive location for retail businesses and restaurants seeking high visibility. During major shopping seasons and public holidays, foot traffic on Luard Road can increase significantly as it serves as a main pedestrian corridor for one of Hong Kong's most popular commercial districts.