Shops for Rent on Mody Road, Hong Kong
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Why rent a shop on Mody Road, Tsim Sha Tsui, Hong Kong?
Renting a shop on Mody Road, Hong Kong, offers a strategic advantage due to its prime location in the bustling Tsim Sha Tsui area, known for high foot traffic from both locals and tourists. Mody Road connects key shopping and dining destinations, including the Tsim Sha Tsui Centre and Empire Centre, which are managed together and provide a vibrant retail environment with a mix of retail outlets, coffee shops, and restaurants. The area benefits from easy access to popular shopping streets like Nathan Road and Canton Road, and proximity to famous landmarks and transport hubs, attracting a diverse customer base. This makes it an ideal spot for retail businesses looking to capitalize on a prosperous shopping district recognized for its luxury brands and cultural attractions. Consequently, renting a shop on Mody Road can significantly enhance business visibility and customer engagement in one of Hong Kong’s most dynamic commercial zones.
How much does it cost to rent a shop on Mody Road, Tsim Sha Tsui, Hong Kong?
Renting a shop on Mody Road in Tsim Sha Tsui, Hong Kong typically costs between HK$80 to HK$200 per square foot per month, depending on the specific location, floor level, and property condition. Ground floor retail spaces on Mody Road command premium prices due to high foot traffic from tourists and locals, with prime locations near the Star Ferry Pier and hotels often exceeding HK$150 per square foot monthly. The rental cost for shops on Mody Road varies significantly based on factors such as proximity to MTR stations, building age, shopfront visibility, and lease terms, with smaller retail units of 200-500 square feet generally ranging from HK$25,000 to HK$80,000 per month. Commercial property rental prices in Tsim Sha Tsui's Mody Road area have remained relatively stable in recent years, making it an attractive location for retail businesses targeting both tourists visiting nearby attractions like the Hong Kong Space Museum and local residents, though potential tenants should budget for additional costs including management fees, rates, and government rent when calculating total occupancy expenses.
What's the foot traffic like on Mody Road, Causeway Bay, Hong Kong?
Mody Road in Causeway Bay, Hong Kong experiences exceptionally high foot traffic throughout the day, making it one of the busiest pedestrian areas in the city. Located in the heart of Causeway Bay's premier shopping district, Mody Road connects major retail destinations including Times Square, SOGO department store, and numerous luxury boutiques, resulting in constant streams of both local residents and international tourists. Peak foot traffic occurs during weekends and Hong Kong public holidays, particularly between 2 PM and 8 PM when shopping activity reaches its highest levels. The street's proximity to Causeway Bay MTR station, one of Hong Kong's busiest subway stops, contributes significantly to the heavy pedestrian flow as commuters and shoppers frequently use Mody Road as a main thoroughfare. Business travelers staying at nearby hotels also add to the consistent foot traffic, while the concentration of restaurants, cafes, and street food vendors ensures steady pedestrian activity from morning until late evening. During major shopping events like Chinese New Year sales or summer promotions, foot traffic on Mody Road can become extremely congested, requiring careful navigation through the crowds of shoppers exploring Causeway Bay's renowned retail offerings.
