Flexible Retail Spaces For Rent in New York | Storefront (2024)

Why rent a temporary retail space in New York ?

An Ephemeral commercial space can open for a single day or several weeks, even months. A flexible space rental does not commit you with a lasting lease and allows you to raise brand engagement, launch new products or validate the potential of a New York neighborhood while benefiting from great flexibility.

Storefront's selection of spaces in New York covers a large range of use cases, such as pop up stores, showrooms, art galleries and event venues.

New York is the perfect city to organize your commercial event!

New York, which draws a crowd eager for discovering new products, is full of exclusive commercial venues available for rent from a few days to a couple of months: apartments, old warehouses, etc. Hardwood floors? High ceilings? Marble floors? Whether you are looking for welcoming, bright or unique spaces, you are guaranteed to find on Storefront the most fitting flexible venue for the event you are organizing.

New York City: Where Retail Never Sleeps

Welcome to New York. The world’s fastest, toughest and arguably most vibrant cosmopolitan city, that’s a global hub for business, fashion and food. A melting pot of culture and diversity, New York is a testing ground for brands looking to expand with a pop-up store or temporary retail venture.

They say “if you can make it here, you can make it anywhere” and growing international brands have proven that to be true. Temporary retail stores and pop-up shops have been on-the-rise in the Big Apple for years, and are increasing at an exponential rate. Brands from all over the world have launched new products here, testing ideas on a highly reactive and forward-thinking customer base.

Noteworthy NYC Neighborhoods

The Lower East Side: From its vibrant nightlife to its eclectic mix of retailers.

From its vibrant nightlife to its eclectic mix of retailers, trendy stores and hipster hangouts, the Lower East Side is a great retail location. Creative brands looking to host Pop-Up Stores, temporary Art Exhibitions and launch events to grow and connect with their audience will be well-received in the diverse LES.

Soho: Align with the biggest brands in the world

The creative and punk-era hotspot is home to diverse, tight-knit communities with a welcoming fun-loving vibe. It’s eclectic and perfect for a pop-up store that’s sure to stand out and make an impact.

Chelsea: Fashionable and trendy

Chelsea is a busy Manhattan neighborhood spanning from West 14th to West 30th streets, known for its fashionable reputation. Create your own pop-up gallery amongst the city’s finest, or be close to the ever-popular High Line area that’s sure to attract all the right visitors!

Tribeca: A playground for the rich and stylish

Tribeca is a playground for the rich and stylish, and a perfect fashion-forward location to launch a pop-up store. With tons of high-end brands and top restaurants close by, this area is host to a bevy of pop-up stores!

Nolita: Nolita is a stylish fashion hub

Nolita is a stylish fashion hub, full of gorgeous boutiques and galleries, it's a perfect place to launch a Pop-Up Store. Pop up amidst the city’s finest, with so much history, close streets and a plethora of like-minded neighbors!

NoHo: NoHo is one of New York’s trendiest neighborhoods

Its relaxed, welcoming vibe paired with a diverse mix of business make it a great spot to launch a Pop-Up Store. You’ll love being amidst the trendiest shops and dining places, a true tourist and local attraction!

East Village: The East Village has a rich history, with Rock 'n Roll at it's heart

The creative and punk-era hotspot is home to diverse, tight-knit communities with a welcoming fun-loving vibe. It’s eclectic and perfect for a pop-up store that’s sure to stand out and make an impact.

Midtown: Iconic landmarks and world-renowned retailers

From Grand Central Station to Times Square, Rockefeller Center to the Empire State Building, Midtown is a tourist haven, packed with designer and high street retailers.

What are the Most Sought-After Locations for Leasing Commercial Space in New York?

The best location for your business's retail space should meet the best compromise between location, cost, product display. However, you don't have to struggle to find the best location for your retail store, Storefront makes searching for retail space in New York easy. The majority of retail space for lease in New York is located in the downtown area of New York. These include such as Midtown, uptown, and the New York city center. From Midtown, you can easily reach all of New York within a few minutes by foot or even by subway. Uptown is the most expensive retail space for lease in New York as it has a high concentration of luxury brands and stores. This location offers excellent visibility to customers as well as a great security system. Central Park, Times Square, Madison Avenue, Soho are popular Uptown locations for renting retail space in New York. The New York city center is one of the most popular locations for renting retail space in New York. It has some of the best locations to establish your business as it offers good visibility and accessibility to customers. Some of the most popular locations for renting retail space in the New York city center are Union Square, Flatiron District, Rockefeller Center. And very popular among shoppers on a budget is the Brooklyn retail space for lease. It is a perfect place to establish your business as it has good accessibility and visibility. Most of the retail space for lease in Brooklyn is located on Bedford Avenue, Lafayette Avenue, Prospect Park West, or Crown Heights.

How Much Does It Cost To Rent A Retail Space In New York?

The cost of rent depends on the location, size, and condition of the store.

  • The cost of retail space rent also varies depending on the type of lease that you get.
  • The minimum rent in New York starts from as low as $40 per square foot per year in Boroughs to a maximum of $1000 in places like Park or Madison in Manhattan.
  • The high-end retail space to rent in New York is located on Park Avenue and Madison Avenue. This is because of the high traffic that it gets as well as the premium location.

How much does it cost to rent a pop-up space in New York?

Pop-ups are not only inexpensive, they are also flexible and temporary. They can be set up anywhere in New York City or even outside of it if need be. The cost of renting one can vary depending on factors like location, time period, and size of the premises. Renting a pop-up space is a viable option if you need a short-term space for an event or a product launch,there are a lot of factors that come into play when you want to rent a pop-up space. The most important of these is the cost and the duration of your pop-up event.\ \ A day may cost you up to $500 while a week may cost up to $2000. Generally, prices have been going up in recent years due to the demand from brands and real estate investors, but there are ways of getting discounted rates. For example, some spaces offer discounts if you rent for more than two weeks or if it's at the start or end of the month.

What are the benefits of renting a pop-up store in New York for a retailer?

The benefits of renting a pop-up store in New York for a retailer are many, let's list some of the most important ones:1) Check out a new market without making large investments.2) The location of a temporary space may be more desirable than a permanent one and may come with less overhead costs. The rent is usually cheaper and if the pop-up store is successful, more space might be needed in the same area.3) Try out new merchandising and marketing ideas.4) Attract customers who are looking for new experiences and want to try something different. It's an opportunity to interact with their customers in person and learn about their needs. Moreover, they often have a lower price point because the lease is short-term and they have a low overhead. In addition, pop-up stores give visibility and exposure. They can be used as a marketing strategy for getting customers who may not know about your company yet.

What is the ideal duration to rent a pop-up shop in New York?

Some cities have specific laws about the duration of pop-up shops. For example in New York, there is no limit on how long you can rent your storefront, but the rate will increase as the duration increases. A small space with high foot traffic will be rented for a shorter duration than an empty warehouse in Brooklyn. The ideal duration to rent a pop-up shop in New York depends on the type of store you are looking to open. If you are opening a seasonal store, then the duration should be short-term. If it is a business that is looking for long-term sustainability, then you can rent for months or even years at a time. In general, most pop-up shops would need to be rented for at least a month in order to cover any kind of necessary marketing and advertising costs, as well as recouping some expenses from having a limited stay.

Useful Tips to make your pop-up venue a success in New York

Start by considering where to set up your pop-up store. The best option is typically to start with an existing business district where there is already foot traffic, like SoHo or Tribeca. You can also choose to rent a space at an event like Art Basel Miami Beach, which has over 250,000 visitors every year! Pop-ups have become an increasingly popular trend in New York. There are many different types of pop-up shops that you can choose from, including a storefront or a specific interest room. You can also go for pop-up tents to create shade in the summer heat. Tips for successful pop-ups:1) Choose a location that is easily accessible by foot, car, and public transit.2) Keep your budget in mind when choosing your venue size and cost3) Think about the design of your space to ensure it has ample space for people to walk around Remember when renting out space with pop-ups, always ask about the following: availability, construction/set up options, and utilities/services included.

Flexible Retail Spaces For Rent in New York | Storefront (2024)

FAQs

What is the average retail rent in NYC? ›

Average asking rent in Manhattan's retail corridors was $638 per sq. ft. —up 3.7% from the prior quarter and the third consecutive quarterly increase. The taking rent index for the prime 16 retail corridors was 75.5%, up 310 bps from the prior quarter and 1160 bps from 63.9% in Q1 2022.

How much does it cost to rent a space in NYC? ›

The cost of renting retail space in New York varies depending on the size and location. The average rental cost for a small retail space is $1,000 per month. A Price range for retail space in NYC is about $30 to $50 per square foot.

How much is rent in NYC for a store? ›

In New York City, the average cost per square foot of renting retail space comes up to $69.54, based on local retail spaces listed for lease on our website. This price can be influenced by several factors, such as location, retail space type, space size, and the structure or type of the lease.

Where is rent most expensive in NYC? ›

The 11 Most Expensive NY Neighborhoods
  • Hell's Kitchen, Manhattan. ...
  • Columbus Circle, Manhattan. ...
  • Lower East Side, Manhattan. ...
  • Soho, Manhattan. ...
  • Chinatown, Manhattan. ...
  • Williamsburg, Brooklyn. Average Room Price: $1,645. ...
  • Upper East Side, Manhattan. Average Room Price: $1,637. ...
  • Fort Greene, Brooklyn. Average Room Price: $1,541.
Jul 5, 2024

How much is rent for store on 5th Avenue NYC? ›

The average rent for a shop on Fifth Avenue is around $10,000 per month. However, many shops are owned by large companies and have rent as low as $5,000 or even lower.

Why is rent so high in New York? ›

Part of the reason rents remain so high is because mortgage rates remain elevated, keeping some people in the rental market rather than buying a home. “The pressure on mortgage rates is still there,” said Miller. “If mortgage rates were to fall suddenly that would take a lot of wind out the sails of rents.”

How much is retail rent in Manhattan? ›

Retail Space Rents in Manhattan, NY

On average, retail space for lease in Manhattan asks $105.75 per square foot.

Can you live in commercial space NYC? ›

Yes, commercial properties may be converted into residential spaces or “artist lofts” in specified areas of Manhattan, Brooklyn, and Queens. Of course, you must adhere to the city's zoning law and building codes when converting from commercial use to residential.

What is the average rent for a restaurant in NYC? ›

Rent and Utilities

NYC rent is notoriously high for even the smallest shoebox. Restaurateurs can expect to pay $120 per-square-foot in Manhattan and trendy Brooklyn. Utility costs such as water, electricity, and gas can quickly climb.

Is renting a room in NYC legal? ›

In short, if you register with the city, you can rent a spare bedroom, but you cannot rent an entire apartment on a short term basis.

How much is monthly storage in NYC? ›

What is the cost of a storage unit in New York City, NY?
SizeLowestAverage
5x5$8$88
5x10$10$179
10x10$10$323
10x15$131$452
3 more rows

What is the average rent in NYC? ›

What is the average rent in New York, NY? As of September 2024, the average rent in New York, NY is $3,863 per month. This is 147% higher than the national average rent price of $1,563/month, making New York one of the most expensive cities to rent an apartment in the US.

What percentage of retail sales should rent be? ›

Common Rent-to-Revenue Ratios by Industry

Use these benchmarks to determine if your business can afford renting a commercial property: Retail stores: 5% to 10% Restaurants: 6% to 10% Law firms: 15%

What is the average rent for restaurant in NYC? ›

Rent and Utilities

NYC rent is notoriously high for even the smallest shoebox. Restaurateurs can expect to pay $120 per-square-foot in Manhattan and trendy Brooklyn. Utility costs such as water, electricity, and gas can quickly climb.

How much rent is a store in Queens? ›

The average cost for Retail Space for lease in Queens is about $53 per square foot. Rental costs for retail spaces in Queens, NY are determined by various elements including the neighborhood demographic, lease length, and property condition.

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