Shops for Rent on Tai Wong Street East, Hong Kong

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

Renting a shop on Tai Wong Street East, Hong Kong, offers strategic advantages due to its prime location in Wan Chai, one of the city's vibrant commercial and residential districts. The area benefits from excellent public transport connectivity, including proximity to the MTR station, which ensures high foot traffic and accessibility for customers. Tai Wong Street East is known for its established mix of local businesses, eateries like popular plant-based bubble tea shops, and a dynamic community atmosphere that attracts both locals and tourists. The rental market here provides various options in well-maintained buildings such as Tai Wong Building, offering opportunities for retailers to establish a strong local presence in a bustling urban environment. This combination of location, accessibility, and vibrant business activity makes Tai Wong Street East an appealing choice for shop rental in Hong Kong.

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

The cost to rent a shop on Tai Wong Street East 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, location within the street, floor level, and current market conditions. Ground floor retail spaces on Tai Wong Street East generally command higher rental rates due to better visibility and foot traffic, while upper floor commercial units may be available at more competitive prices. Wan Chai district rental costs for commercial properties have remained relatively stable, with small retail shops of 200-500 square feet averaging between HK$16,000 to HK$100,000 monthly rent. Property agents specializing in Wan Chai commercial real estate recommend budgeting additional costs including government rates, management fees, and security deposits equivalent to 2-3 months rent when calculating total occupancy expenses for Tai Wong Street East shop rentals. Current market trends show that food and beverage establishments, retail boutiques, and service-oriented businesses are the most common tenants along this popular Wan Chai street, with rental negotiations often influenced by lease duration and tenant business type.

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

Tai Wong Street East in Causeway Bay, Hong Kong experiences heavy foot traffic throughout the day, making it one of the busiest pedestrian areas in this popular shopping district. The street connects major shopping destinations including Times Square and Sogo department store, resulting in consistent crowds of both local residents and international tourists. Peak foot traffic typically occurs during weekends, public holidays, and evening hours between 6 PM to 9 PM when office workers join shoppers and diners exploring the numerous retail outlets, restaurants, and entertainment venues. During weekdays, the area sees moderate to high pedestrian volume, particularly during lunch hours and after work periods. The street's proximity to Causeway Bay MTR station and its position as a key thoroughfare between major commercial buildings ensures steady foot traffic flow from early morning until late evening. Visitors should expect crowded conditions, especially during Hong Kong's peak shopping seasons and festival periods, when foot traffic can become extremely dense and movement may be slower than usual.