Shops for Rent on Monmouth Terrace, Hong Kong

Why rent a shop on Monmouth Terrace, Wan Chai, Hong Kong?

Renting a shop on Monmouth Terrace, Hong Kong, offers a strategic advantage due to its prime location in the Mid-Levels area, close to key business and shopping districts such as Admiralty and Pacific Place. This area benefits from excellent connectivity with direct access to Admiralty MTR station, attracting a diverse and affluent customer base. The vicinity features a vibrant mix of cafes, restaurants, bars, galleries, and luxury retail outlets, fostering a dynamic commercial environment ideal for retail and dining businesses. Additionally, the neighborhood’s serene setting near green spaces like Hong Kong Park adds to the appeal for both shoppers and tenants looking for a balanced urban experience. Renting here positions a business to capitalize on steady foot traffic from both local residents and professionals, alongside the prestige of an established, evolving mixed-use community catering to shopping, dining, work, and leisure activities.

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

The cost to rent a shop on Monmouth Terrace in Wan Chai, Hong Kong typically ranges from HK$80 to HK$150 per square foot per month, depending on the specific location, size, and condition of the retail space. Shop rental prices on Monmouth Terrace vary significantly based on factors such as foot traffic, proximity to MTR stations, and the overall commercial appeal of the particular street section. Ground floor retail spaces on Monmouth Terrace generally command higher rents due to better visibility and accessibility, while upper floor commercial units may offer more affordable options for businesses with lower foot traffic requirements. Given Wan Chai's status as a major commercial district, rental costs on Monmouth Terrace have remained relatively stable but competitive, with most landlords requiring security deposits equivalent to 2-3 months' rent plus advance rental payments. Prospective tenants should budget for additional costs including management fees, utilities, and potential renovation expenses when calculating the total cost of renting a shop on Monmouth Terrace, making it essential to work with local commercial real estate agents who understand current market rates in the Wan Chai area.

What's the foot traffic like on Monmouth Terrace, Causeway Bay, Hong Kong?

Monmouth Terrace in Causeway Bay, Hong Kong experiences moderate foot traffic levels throughout the week, with peak activity typically occurring during weekday lunch hours and evening periods when office workers from nearby commercial buildings frequent the area's restaurants and cafes. Located in one of Hong Kong's busiest shopping and business districts, Monmouth Terrace sees steady pedestrian flow due to its proximity to major shopping centers like Times Square and Sogo, as well as the Causeway Bay MTR station. Weekend foot traffic on Monmouth Terrace tends to be lighter compared to the main shopping streets, as the terrace primarily serves the local business community and residents rather than tourists, making it a relatively quieter side street despite being situated in the heart of Causeway Bay's commercial zone. The pedestrian activity varies seasonally, with increased foot traffic during Hong Kong's cooler months and traditional shopping periods, while the street maintains consistent daily patterns driven by the surrounding office buildings and established dining establishments that attract regular customers throughout the year.