Garment District

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

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.
Trade Area Summary

Basic Demographics

Median Household Income: $128,612
Consumer Expenditure: $30,860,531,411
Population: 694,159
Daytime Population: 1,829,938
Source Notes: Data reflects 20 minute drive times as of Q3 2023 (Experian) and is provided by Dallimore & Co, a boutique advisory firm specializing in growth strategy, real estate solutions, and M&A for specialty retail and consumer brands.

Household Segment Breakdown

Segment #1: G – Educated Urbanites (92%)
Segment #2: I – Young Urban Singles (5%)
Segment #3: Q – City Hopefuls (2%)
All Other Segments: 0%

Source Notes: Segment data reflects 0.25mi radius and is provided by Spatial.ai, an AI-Powered segmentation platform for retail marketers.

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: $35 – $70
Source Notes: Data sourced from public and private records.
Know Before You Go
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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MSA: New York-Newark-Jersey City NY-NJ-PA
Address: 570 8th Ave
New York City
New York
10018
United States
Place Tags: NYC
Website
Retail Type: Streets & Neighborhoods

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