Shops for Rent on Lung On Street, Hong Kong

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

Renting a shop on Lung On Street in Hong Kong offers a strategic commercial opportunity due to its location in a bustling urban area known for vibrant business activity. Lung On Street is situated in the Wan Chai district, one of Hong Kong’s busiest commercial hubs that houses numerous small and medium-sized enterprises, providing excellent foot traffic and business exposure. This area benefits from close proximity to key landmarks, a lively local market scene, and ongoing urban renewal projects that aim to enhance the commercial environment. Renting a shop here allows businesses to tap into a dynamic market with a mix of traditional charm and modern commercial infrastructure, making it an appealing choice for entrepreneurs and retailers seeking visibility in a thriving economic zone.

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

The cost to rent a shop on Lung On Street 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 floor level. Ground floor retail spaces on Lung On Street command premium rents due to high foot traffic and excellent visibility, with prime locations near the intersection with Johnston Road or Queen's Road East fetching the highest prices. Smaller shops of 200-500 square feet may cost between HK$16,000 to HK$100,000 per month, while larger retail units can exceed HK$200,000 monthly. Additional costs include management fees, rates, government rent, and security deposits equivalent to 2-3 months rent. The rental market on Lung On Street remains competitive due to Wan Chai's strategic location as a major business district with excellent MTR connectivity, making it an attractive destination for retailers targeting both local residents and tourists. Prospective tenants should also factor in renovation costs and licensing fees when budgeting for a shop rental on this busy Wan Chai street.

What's the foot traffic like on Lung On Street, Causeway Bay, Hong Kong?

Lung On Street 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, this street sees thousands of locals and tourists daily, particularly during weekends and public holidays when foot traffic can reach peak levels. The street connects major shopping destinations including Times Square, SOGO department store, and numerous fashion boutiques, contributing to its constant flow of pedestrians from morning until late evening. Business hours typically see the heaviest congestion between 12 PM to 8 PM, with foot traffic remaining substantial even during late night hours due to Causeway Bay's vibrant nightlife scene. The high pedestrian volume on Lung On Street makes it an attractive location for retail businesses, restaurants, and commercial establishments looking to capitalize on Hong Kong's dense urban population and tourist activity. Visitors should expect crowded sidewalks and slower walking speeds, especially during lunch hours and after work periods when office workers from nearby commercial buildings add to the already busy street atmosphere.