Garment District

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  • 570 8th Ave New York City New York 10018 United States
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1REC's Take
Pros

✔ Historic fashion hub ✔ Abundant fabric and accessory stores ✔ Close to Times Square

Cons

✘ Crowded streets ✘ Limited parking ✘ High rent prices

Shopper Profile

✦ Fashion Professionals: Designers, models, and industry workers ✦ Tourists: Interested in NYC’s fashion history ✦ Preferences: Fabric stores, fashion showrooms, eateries

Successful Retail Uses:
Fabric Stores, Fashion Showrooms, Cafes
About Location
At the heart of fashion’s pulse, the Garment District, or ‘Fashion District’, is a whirl of designers, wholesalers, and trendsetters. Amidst showrooms, there’s a sprinkle of eateries and shops catering to the industry’s professionals. Rents vary, reflecting the district’s mix of high-end showrooms and functional spaces, with both longstanding local and corporate landlords in the mix.
Household Income in Trade Area: $95,000
Retail Sales in Trade Area: $1.02 billion
Population in Trade Area: 150,000
Occupancy
Tenant Sales per Square Foot: $850
Occupancy Rate: 93%
Anchor Tenants: Macy’s, Penn Station
Tenant Rent/Sales Ratio (%): 20.6% – 41.2%
Rent $ / Visitor (relative cost of the foot traffic): $35 – $70
Other Notes: Data sourced from public and private records.
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Preferred ISP(s)
Spectrum, Verizon
Estimated Permit Timeline (weeks)
8-10
Landmarks Risk
Medium
Union Labor Disharmony Likelihood
Medium
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Local Broker: Retail by MONA

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Primary Landlord: NYC
Retail Type: Streets & Neighborhoods
Address: 570 8th Ave
New York City
New York
10018
United States
MSA: New York-Newark-Jersey City NY-NJ-PA
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