Boundaries for Flatiron District
Lease retail Flatiron District, which is located in Midtown Manhattan and is bound by Lexington Avenue to 6th Avenue from 20th Street to 26th Street.
Retail Trends in Flatiron District
For those looking to rent retail Flatiron District or lease retail Flatiron District the market trends for Flatiron Districts are as follows. The Flatiron District contains a consortium of commercial and residential real estate. Retailers in the Flatiron District therefore have a large number of potential consumers to target, due to the high volume of varied foot traffic. Due to the variety of foot traffic, retailers should expect an extended sales cycle.
Retail Spaces Available
Affordable retail space in Flatiron District include the following locations and prices. Park Avenue South & East 18th Street contains 700 square feet of retail space, asking for $11,666. East Sixth Street & Broadway with 2,100 square feet of retail space is asking for $23,625
Additional Flatiron District Retail Space for lease includes the following, West 21st Street & Avenue of the Americas, with 1,300 square feet asking for $15,925 per month.
History of Flatiron District
The Flatiron District consists of a consortium of commercial and residential real estate. The variety of potential consumers in the Flatiron District is actually quite high, thus retailers benefit from high foot traffic volume as well as an extended sales cycle. The Flatiron District continues to emerge as one of Manhattan’s premier neighborhoods. Retailers are attracted to Flatiron District retail space for rent, due to the aforementioned factors, which include the extended sales cycle and high volume of foot traffic. The Flatiron District is positioned amongst three parks. Union Square Park is within walking distance of the Flatiron District, as is Gramercy Square Park. Madison Square Park sits in the midst of the Flatiron District, attracting additional foot traffic to the surrounding retailers.