Shops for Rent on Tak Fung Street, Hong Kong

Why rent a shop on Tak Fung Street, Whampoa, Hong Kong?

Renting a shop on Tak Fung Street in Whampoa, Hong Kong offers exceptional business opportunities due to its strategic location in one of Kowloon's most vibrant residential districts. This bustling street benefits from high foot traffic generated by the dense population of nearby public housing estates and private residential developments, ensuring a steady stream of potential customers throughout the day. Tak Fung Street Whampoa is well-connected to Hong Kong's extensive public transportation network, with easy access to MTR stations and bus routes that bring shoppers from across the city. The area features a diverse mix of local restaurants, convenience stores, and service businesses, creating a thriving commercial ecosystem that attracts both residents and visitors. Rental rates on Tak Fung Street remain competitive compared to premium shopping districts in Central or Causeway Bay, making it an attractive option for small to medium-sized businesses looking to establish a presence in Hong Kong's retail market. The street's proximity to the harbourfront and recreational facilities also draws weekend crowds, providing additional revenue opportunities for shop owners. For entrepreneurs seeking a prime retail location with strong community ties, excellent accessibility, and reasonable operating costs, Tak Fung Street Whampoa represents an ideal choice for establishing a successful retail business in Hong Kong.

How much does it cost to rent a shop on Tak Fung Street, Whampoa, Hong Kong?

The cost to rent a shop on Tak Fung Street in Whampoa, Hong Kong typically ranges from HK$25 to HK$45 per square foot per month, depending on the specific location, shop size, and current market conditions. Tak Fung Street shop rental prices vary significantly based on factors such as street-level visibility, foot traffic, proximity to MTR stations, and the condition of the property. Ground floor retail spaces on Tak Fung Street generally command higher rents compared to upper floor units, with prime locations near the Whampoa MTR station often reaching the upper end of the price range. Small retail shops of 200-500 square feet may cost between HK$5,000 to HK$22,500 per month, while larger commercial spaces can exceed HK$50,000 monthly. Prospective tenants should also budget for additional costs including rates, management fees, air conditioning charges, and security deposits equivalent to 2-3 months rent when calculating the total cost of renting a shop on Tak Fung Street, Whampoa.

What's the foot traffic like on Tak Fung Street, Causeway Bay, Hong Kong?

Tak Fung Street in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, making it a bustling commercial area popular with both locals and tourists. Located in one of Hong Kong's premier shopping districts, Tak Fung Street sees increased pedestrian activity during peak shopping hours from late morning through evening, particularly on weekends and holidays when visitors flock to nearby attractions like Times Square and the numerous retail outlets. The street benefits from its strategic location connecting major shopping areas in Causeway Bay, with foot traffic typically peaking between 2 PM and 8 PM as shoppers move between the various malls, restaurants, and entertainment venues in the area. During weekdays, the pedestrian flow remains steady due to office workers and local residents, while tourist seasons and special events can significantly boost the number of people walking along Tak Fung Street. The street's proximity to Causeway Bay MTR station and major bus routes contributes to consistent foot traffic patterns, making it an attractive location for retail businesses and street-level commercial activities seeking high visibility and customer exposure in Hong Kong's competitive retail landscape.