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Shopper Profile
Successful Retail Uses:
Once industrial, Meatpacking is now a pinnacle of style and nightlife. Its cobbled streets are lined with high-end boutiques, upscale eateries, and chic clubs. Drawing a fashionable crowd, especially during evenings and weekends, the district demands premium rents and is overseen by both prominent and local landlords.
Household Income in Trade Area: $180,000
Retail Sales in Trade Area: $3.2 billion
Population in Trade Area: 150,000
Tenant Sales per Square Foot: $1,600
Occupancy Rate: 98%
Anchor Tenants: Apple Store, Chelsea Market, The Standard
Tenant Rent/Sales Ratio (%): 6.25% – 9.38%
Rent $ / Visitor (relative cost of the foot traffic): $33.33
Other Notes: Data sourced from public and private records.
Average Rent (psf): $249
Median Rent (psf): $200
Rent Range (psf): $200-$354
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

1 Reviews on “Meatpacking”

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Parking
Foot Traffic
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  • Parking
    Foot Traffic
    Cleanliness
    Safety

    Really depends on what you’re looking for here. I’ve never heard of a brand “killing it” here, but seems like if you can appeal to tourists and maybe nightlife then can work

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