Pros
Cons
Shopper Profile
Successful Retail Uses:
A slice of serenity amid Manhattan’s hustle, Hudson Square is the domain of the sophisticated creative class—think digital agencies, architects, and design studios. As a magnet for younger millennials and older Gen Xers, it’s no surprise that eclectic cafés and artisan boutiques set the retail tone here. While rents are moderate compared to glitzier neighborhoods, landlords tend to be a mix of local proprietors and increasingly, larger real estate firms looking to tap into the area’s rising cachet. In a landscape dotted with contemporary art installations, even shopping here feels like an elevated experience. It’s a neighborhood where form meets function, and where brands with an artistic flair find a receptive, discerning audience.
Household Income in Trade Area: $130,000
Retail Sales in Trade Area: $1.2 billion
Population in Trade Area: 200,000
Tenant Sales per Square Foot: $1,000
Occupancy Rate: 90%
Anchor Tenants: Google, Cadillac House
Tenant Rent/Sales Ratio (%): 15% – 30%
Rent $ / Visitor (relative cost of the foot traffic): $45
Other Notes: Data sourced from public and private records.
Average Rent (psf): $116
Median Rent (psf): $92
Rent Range (psf): $92-$146
Rent Variability: High
Other Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Preferred ISP(s)
Estimated Permit Timeline (weeks)
Landmarks Risk
Union Labor Disharmony Likelihood

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