Shops for Rent on Oi Kwan Road, Hong Kong

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

Renting a shop on Oi Kwan Road, Hong Kong, offers a strategic commercial opportunity due to its location in the bustling Wan Chai district, which lies between the key business center of Central and the popular shopping area of Causeway Bay. Oi Kwan Road is unique for being surrounded by educational institutions like international schools and colleges, providing a steady flow of potential customers such as students and staff. Although it is slightly less accessible by public transport compared to nearby areas, this can translate into less competition and a niche market. The area is characterized by a mix of commercial buildings and a dynamic local community, making it ideal for retailers or service providers seeking visibility in a vibrant, urban neighborhood. Renting a shop here allows businesses to tap into both the residential and institutional customer base while benefiting from Wan Chai’s overall economic activity and connectivity to other key parts of Hong Kong.

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

The cost to rent a shop on Oi Kwan Road in Wan Chai, Hong Kong typically ranges from HK$80 to HK$200 per square foot per month, depending on factors such as shop size, floor level, condition, and exact location along the street. Ground floor retail spaces on Oi Kwan Road generally command higher rental rates due to better visibility and foot traffic, while upper floor commercial units may be available at more affordable rates. The rental market in Wan Chai district has experienced fluctuations in recent years, with shop rental prices on Oi Kwan Road being influenced by the area's proximity to major business districts, MTR stations, and shopping centers. Prospective tenants should expect additional costs including management fees, government rates, and utility deposits when budgeting for a retail space rental on Oi Kwan Road. For the most current and accurate rental pricing, it is recommended to consult with local commercial real estate agents who specialize in Wan Chai properties, as market conditions and available inventory can significantly impact actual rental costs for shops on Oi Kwan Road.

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

Oi Kwan Road in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, primarily driven by its strategic location connecting key shopping and business areas in one of the city's busiest districts. The pedestrian flow on Oi Kwan Road typically peaks during lunch hours from 12pm to 2pm and evening rush hours from 6pm to 8pm, when office workers and shoppers move between the nearby Times Square shopping complex, Sogo department store, and various restaurants and retail outlets. Weekends see consistently heavy foot traffic on Oi Kwan Road as tourists and locals flock to Causeway Bay for shopping and dining, making it one of the more congested pedestrian areas in Hong Kong. The road's proximity to major MTR stations and bus stops contributes to the steady stream of pedestrians, while the concentration of popular retail brands, cafes, and entertainment venues along and near Oi Kwan Road ensures sustained foot traffic throughout most hours of operation. During major shopping seasons and public holidays, pedestrian congestion on Oi Kwan Road can become particularly intense, reflecting Causeway Bay's status as one of Hong Kong's premier shopping destinations.