Lower East Side

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  • 455 Grand St New York City New York 10002 United States
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1REC's Take
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Occupancy
Rents
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1REC's Take
Pros

✔ Rich history ✔ Thriving nightlife ✔ Trendy shops and galleries

Cons

✘ Gentrification issues ✘ Expensive housing ✘ Noise pollution

Shopper Profile

✦ Trendy Crowd: Young professionals and creatives ✦ Diverse Residents: Long-term locals and newcomers ✦ Preferences: Nightlife, street art, unique boutiques

About Location
A melting pot of cultures, the Lower East Side (LES) thrives with its gritty yet artsy vibe. It draws a young, vibrant crowd eager to explore its indie galleries, dive bars, and eclectic boutiques. While rents have been on the rise due to its increasing appeal, there’s still a mix of old-school local landlords and emerging corporate ones.
Trade Area Summary

Basic Demographics

Median Household Income: $101,733
Consumer Expenditure: $46,113,363,983
Population: 1,218,531
Daytime Population: 1,979,370
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: I – Young Urban Singles (33%)
Segment #2: G – Educated Urbanites (24%)
Segment #3: J – Sunset Boomers (17%)
All Other Segments: 26%

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: $800
Occupancy Rate: 95%
Anchor Tenants: Essex Market, Target
Tenant Rent/Sales Ratio (%): 25% – 50%
Rent $ / Visitor: $42.86 – $85.71
Source Notes: Data sourced from public and private records.
Destination Rents
Average Rent (psf): $143
Median Rent (psf): $112
Rent Range (psf): $112-$184
Rent Variability: High
Source Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon, RCN
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
Medium
Union Labor Disharmony Likelihood
High
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MSA: New York-Newark-Jersey City NY-NJ-PA
Address: 455 Grand St
New York City
New York
10002
United States
Place Tags: NYC
Website
Retail Type: Streets & Neighborhoods

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