Boundaries for the Meatpacking District
Lease retail Meatpacking District, which is located in Midtown Manhattan and is bound by Hudson Street to 11th Avenue from Gansevoort Street to West 14th Street.
Retail Trends in the Meatpacking District
For those looking to rent retail Meatpacking District or lease retail Meatpacking District the market trends for Meatpacking District are as follows. The Meatpacking District has a vibrant nightlife scene, great for retailers who operate at night, such as clubs, bars, and even some restaurants. In addition, retailers find themselves serving both residential and commercial consumers in the Meatpacking District. The Meatpacking District is dominated by residential buildings, therefore, most of the retail in Meatpacking is orientated towards serving residents needs. The Meatpacking District has a long sales cycle due to its residential and nightlife scene.
Retail Spaces Available
Affordable retail space in Meatpacking District include the following locations and prices. 7th Avenue South & Charles Street with 2,000 square feet of retail space asking for $16,333 per month. West 14th Street & Ninth Avenue, with 2,100 square feet, asking for $43,750 per month. Additional Retail Space for lease includes the following, Gansevoort Street & Greenwich Street offering 2,200 square feet, asking for $91,666 per month.
History of the Meatpacking District
The Highline has benefited the Meatpacking District retail sales cycle due to the endless funnel of tourists that get deposited by the Highline. In addition, local residents find themselves shopping in Meatpacking due to pure convenience. The presence of commercial developments, such as Google further improves retail conditions with workers adding to the already existing foot traffic. All things considered, the Meatpacking District is a retail hotspot. Retailers are drawn to Meatpacking District Retail Space for rent, due, impart to the aforementioned factors, which directly influence Meatpacking’s foot traffic volume, and sales cycle.