Harlem

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  • 2181 Adam Clayton Powell Jr Blvd New York City New York 10027 United States
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1REC's Take
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Occupancy
Rents
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1REC's Take
Pros

✔ Rich Cultural History ✔ Strong Community Engagement ✔ Diverse Shopping and Dining

Cons

✘ Higher Crime Rates ✘ Limited High-End Retail ✘ High Rent Costs

Shopper Profile

✦ Diverse Residents: Long-time locals to new millennials ✦ Visitors: Explore historic venues and soul food ✦ Preferences: Boutique shops, cultural experiences

Successful Retail Uses:
Restaurants, Cultural Venues, Boutique Shops
About Location
A historic gem of NYC, Harlem attracts a rich tapestry of residents from long-time locals to new millennials. Shoppers are met with historic venues, soul food restaurants, and boutique shops. Rents show variability, and there’s a mix of local and newer, more corporate landlords.
Household Income in Trade Area: $70,000
Retail Sales in Trade Area: $210 million
Population in Trade Area: 600,000
Occupancy
Tenant Sales per Square Foot: $700
Occupancy Rate: 90%
Anchor Tenants: Whole Foods, H&M
Tenant Rent/Sales Ratio (%): 11% – 25%
Rent $ / Visitor (relative cost of the foot traffic): $3.21 – $8.21
Other Notes: Data sourced from public and private records.
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Destination Rents
Average Rent (psf): $79
Median Rent (psf): $71
Rent Range (psf): $71-$92
Rent Variability: High
Other Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Know Before You Go
Preferred ISP(s)
Verizon, Spectrum
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
High
Union Labor Disharmony Likelihood
High
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Primary Landlord: NYC
Retail Type: Streets & Neighborhoods
Address: 2181 Adam Clayton Powell Jr Blvd
New York City
New York
10027
United States
MSA: New York-Newark-Jersey City NY-NJ-PA
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