Boundaries for the Plaza District
Lease retail Plaza District, which is located in Midtown Manhattan and is bound by 6th Avenue to 3rd Avenue from 48th Street to 64th Street.
Retail Trends in the Plaza District
For those looking to rent retail Plaza District or lease retail Plaza District the market trends for Plaza District are as follows. The Plaza District has long been synonymous with trophy office space, as well as trophy residential space. The same goes for retail in the Plaza District. The Plaza District hosts a number of New York City’s premier retail outlets. The surrounding residential brings foot traffic from the high end retail outlets that populate the Plaza District. The surrounding Commercial Buildings provide additional foot traffic for the other retailers which populate the Plaza District. Tourists are another source of significant foot-traffic with the Plaza District attracting a large number of visitors. With such a wide variety of possible consumers, the Plaza District has an extended sales cycle.
Retail Spaces Available
Affordable retail space in Plaza District include the following locations and prices. Lexington Avenue & East 61st Street with 1,000 square feet is asking for $9,750 per month. Madison Avenue & East 63rd Street with 1,000 square feet, asking for $9,416 per month.
Additional Plaza District Retail Space for lease includes the following, Madison Avenue & East 57th Street with 2,000 square feet asking for $250,000 per month.
History of the Plaza District
The Plaza District, synonymous with the plaza located on the south eastern tip of Central Park, has for decades stood as New York City’s premier trophy real estate location. In terms of retail, the Plaza District hosts some of New York City’s most high end retailers. The high number of foot traffic from the aforementioned factors, those including the commercial buildings, residential buildings, and the tourists continues to cement the Plaza District as one of New York City’s best areas for retail. Tenants are attracted to Plaza District retail space for rent, due to the high volume of potential consumers, and the extended sales cycle present in the Plaza District.