Boundaries for the UN Plaza
Lease retail UN Plaza, which is located in Midtown Manhattan and is bound by 3rd Avenue to the East River from 43rd Street to 48th Street.
Retail Trends in the UN Plaza
For those looking to rent retail UN Plaza or lease retail UN Plaza the market trends for UN Plaza are as follows.
The UN Plaza has a number of commercial buildings. Retail in the UN Plaza is orientated towards the surrounding commercial buildings. Retail in the UN Plaza is largely dependent upon commercial foot traffic more than anything else, thus, the sales cycle for retailers is not as long as in other New York City neighborhoods. Despite the sales cycle, retailers in the UN Plaza continue to service the surrounding commercial buildings.
Retail Spaces Available
Affordable retail space in UN Plaza include the following locations and prices. East 42nd Street & Second Avenue, with 1,400 square feet asking for $17,500 per month. Second Avenue & East 43rd Street, with 2,800 square feet asking for $35,000 per month.
Additional UN Plaza Retail Space for lease includes the following, Second Avenue & East 42nd Street, with 3,000 square feet asking for $37,500 per month.
History of the UN Plaza
The UN Plaza surrounds the United Nations headquarters. The original designs for the area included a private airport, and some designs had the plaza extending to Lexington Avenue. The developers settled on a more modest design, creating the plaza we know today. The commercial buildings which followed in the wake of the headquarters would bring retailers new potential consumers. The UN Plaza is not so much residential orientated as it is commercial, although Tudor City sits across from the UN. Tenants are attracted UN Plaza retail space for rent, due to the commercial activity in the area.