Port Authority

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  • 625 8th Ave New York City New York 10018 United States
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1REC's Take
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1REC's Take
Pros

✔ High foot traffic ✔ Central location near Times Square ✔ Access to various transport options

Cons

✘ Overcrowded and hectic ✘ Higher crime rates ✘ Limited upscale retail options

Shopper Profile

✦ Commuters: Using the bus terminal ✦ Tourists: Catching buses to various destinations ✦ Preferences: Fast food, convenience stores, quick services

Successful Retail Uses:
Fast Food, Convenience Stores, Quick Services
About Location
The nexus for inter-city bus travelers, Port Authority bustles with transient energy. Within and around, travelers find a mix of quick bites, convenience stores, and service-oriented retail. Given its centrality and heavy foot traffic, rents in the vicinity are predictably high. The landlord scene is diverse, with the major terminal spaces overseen by institutional entities, while the fringes have a mix of local and corporate landlords.
Household Income in Trade Area: $130,000
Retail Sales in Trade Area: $960 million
Population in Trade Area: 400,000
Occupancy
Tenant Sales per Square Foot: $800
Occupancy Rate: 85%
Anchor Tenants: Port Authority Bus Terminal
Tenant Rent/Sales Ratio (%): 12.5% – 31.2%
Rent $ / Visitor (relative cost of the foot traffic): $13.33 – $33.33
Other Notes: Data sourced from public and private records.
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Preferred ISP(s)
Spectrum, Verizon Fios
Estimated Permit Timeline (weeks)
8-10
Landmarks Risk
High
Union Labor Disharmony Likelihood
High
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Primary Landlord: NYC
Retail Type: Transportation Hubs
Address: 625 8th Ave
New York City
New York
10018
United States
MSA: New York-Newark-Jersey City NY-NJ-PA
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