Menu
The 1REC Directory helps brands, brokers, and others by providing location intelligence and transparency
© Copyright 1REC 2024. All Rights Reserved.
6 Reviews on “SoHo”
8pk2zs
grw1qs
Availability for SoHo here:
1,080 – 2,302 SF of Retail Space
$270psf per year
https://www.loopnet.com/Listing/178-Spring-St-New-York-NY/32734791/
Retail center of the world. Every brand sould have a store here.
Rents are pretty high here, but there seems to be a higher concentration of landlords willing to do creative deals here (12 month “popup” term at a premium rent, then ability to extend into longer term deal at a market rent). Buildouts are a pain, so try to find a place that’s move in ready or it may end up being too expensive / time consuming with Landmarks and ADA challenges.
Our Upper East Side store was one of our first locations, and while the rents are high and the buildings are old, it’s been worth the investment. The store required a lot of initial and ongoing work, but the foot traffic and revenue have been higher than we expected. Being on a corner spot definitely helps too—great visibility and constant flow of customers!
One of the few places the rents are justified. Pick a side street for a steep dropoff in rent, but not as quite a dropoff in foot traffic.
Our location in Soho was one of our first locations and highly profitable. Although rents are high, the revenue offsets those higher costs not to mention the awareness and traffic it drives for the brand.