Learn the Basics

Manhattan retail space is expensive.  Once you finally find a store in New York City that you can operate in, count on paying a great deal of rent.  Once you’re certain that people really, really want to buy what you’re selling, here’s what you need to know to brace yourself for leasing New York City retail space:

Because retailers want to entice customers with the immediate sight of their wares, retail space is generally located on the ground floor or lower level of commercial buildings. Some landlords consider the 2nd and 3rd floors retail space because the tenant has windows facing the street and can install signage that grabs as much attention as (if not more than) street-level signs.  The more conventional retail space is ground space, though, which in most instances comes with some basement space.

The price for retail stores is driven strictly by the location.  Manhattan retail rental rates vary from $75.00 per square foot all the way up to $1,500.

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