Shops for Rent on Tai Wo Street, Hong Kong

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

Renting a shop on Tai Wo Street in Wan Chai, Hong Kong offers exceptional business opportunities due to its prime location in one of the city's most vibrant commercial districts. This strategic street provides excellent foot traffic from both local residents and tourists, benefiting from Wan Chai's reputation as a major business and entertainment hub. Shop rentals on Tai Wo Street offer convenient access to MTR stations, making it easily accessible for customers throughout Hong Kong Island. The area attracts diverse demographics, from office workers during weekdays to leisure shoppers and diners during evenings and weekends, ensuring consistent customer flow for retail businesses, restaurants, and service providers. Wan Chai's mixed-use development means shops on Tai Wo Street benefit from proximity to residential buildings, office towers, hotels, and entertainment venues, creating a steady stream of potential customers. The street's established commercial infrastructure, combined with Hong Kong's business-friendly environment and Wan Chai's status as a key district, makes Tai Wo Street an attractive location for entrepreneurs looking to establish or expand their retail presence in Hong Kong's competitive market.

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

The cost to rent a shop on Tai Wo Street in Wan Chai, Hong Kong varies significantly depending on the size, location, and condition of the property, with monthly rental prices typically ranging from HK$15,000 to HK$80,000 for small to medium-sized retail spaces. Ground floor shops on Tai Wo Street generally command higher rents due to better foot traffic and visibility, with prime locations near the intersection with Queen's Road East or Johnston Road potentially costing HK$50 to HK$120 per square foot per month. Smaller shops of around 200-400 square feet may rent for HK$20,000 to HK$40,000 monthly, while larger retail spaces exceeding 800 square feet can reach HK$60,000 to HK$100,000 per month. The rental market in Wan Chai's Tai Wo Street area remains competitive due to its strategic location near the MTR station, established commercial district, and mix of local and international businesses, making it essential for prospective tenants to budget for additional costs including management fees, rates, government rent, and substantial security deposits that typically range from two to six months' rent in advance.

What's the foot traffic like on Tai Wo Street, Causeway Bay, Hong Kong?

Tai Wo Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when the area attracts both local residents and tourists. The street benefits from its strategic location near major shopping destinations like Times Square and Sogo department store, which drives consistent pedestrian flow from early morning until late evening. Foot traffic on Tai Wo Street typically increases significantly during lunch hours as office workers from nearby commercial buildings frequent the numerous restaurants and food establishments lining the street. The pedestrian volume tends to be heaviest between 12pm-2pm and 6pm-9pm on weekdays, while weekends see sustained high traffic from mid-morning through evening hours. The street's popularity is enhanced by its diverse mix of dining options, retail shops, and service businesses that cater to the dense residential and commercial population of Causeway Bay, making it one of the busier secondary streets in this vibrant Hong Kong district.