Union Square

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  • 33 E 17th St New York City New York 10003 United States
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1REC's Take
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Occupancy
Rents
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Vendors
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1REC's Take
Pros

✔ Vibrant atmosphere ✔ Good public transport ✔ Variety of dining options

Cons

✘ Noisy and crowded ✘ High rent prices ✘ Limited parking

Shopper Profile

✦ Diverse Crowd: Students, professionals, and tourists ✦ Shoppers: Looking for deals and unique finds ✦ Preferences: Farmers market, retail stores, dining

Successful Retail Uses:
Farmers Market, Retail Stores, Dining
About Location
A bustling nexus of commerce, culture, and activism, Union Square is animated by its eponymous park and historic market. The area is a hub for both locals and visitors, drawing a diverse crowd with its eclectic retail mix, from big-name brands to indie boutiques. Its dynamic retail scene meets a range of rent expectations, all overseen by a varied landscape of landlords.
Household Income in Trade Area: $150,000
Retail Sales in Trade Area: $1.98 billion
Population in Trade Area: 200,000
Occupancy
Tenant Sales per Square Foot: $1,100
Occupancy Rate: 94%
Anchor Tenants: Whole Foods, Trader Joe’s
Tenant Rent/Sales Ratio (%): 13.6% – 27.3%
Rent $ / Visitor (relative cost of the foot traffic): $27 – $54
Other Notes: Data sourced from public and private records.
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Destination Rents
Average Rent (psf): $197
Median Rent (psf): $161
Rent Range (psf): $161-$208
Rent Variability: Medium
Other 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
Medium
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Primary Landlord: NYC
Retail Type: Streets & Neighborhoods
Address: 33 E 17th St
New York City
New York
10003
United States
MSA: New York-Newark-Jersey City NY-NJ-PA
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