Boundaries for Hudson Yards
Lease retail Hudson Yards, which is located in Midtown Manhattan and is bound by 11th Avenue to 12th Avenue from 28th Street to 38th Street.
Retail Trends in Hudson Yards
For those looking to rent retail Hudson Yards or lease retail Hudson Yards the market trends for Hudson Yards are as follows.
Hudson Yards has become the pinnacle of New York City retail. The Shops at Hudson Yards hosts a number of distinguished retailers in high end retail spaces. Hudson Yards continues to attract high volumes of visitors even after the novelty of the neighbourhood wears off. The Hudson Yards development includes both residential and commercial real estate, consequently, retailers benefit from extended sales cycle. Hudson Yards notoriety has also attracted a high volume of tourist foot traffic, further extending the sales cycle retailers can operate on.
Retail Spaces Available
Affordable retail space in Hudson Yards include the following locations and prices. West 33rd Street & Avenue of the Americas with 700 square feet asking for $35,000 per month. West 32nd Street & Seventh Avenue asking $50,000 per month for 1,000 square feet. Additional Hudson Yards Retail Space for lease includes the following, West 30th Street & Eight Avenue asking for $9,200 per month.
History of Hudson Yards
Hudson Yards has risen to prominence as one of New York City’s premier neighbourhoods. Retailers in Hudson Yards are typically large, well known retailers who have come to Hudson Yards to expand their already large retail presence. Retailers are attracted to Hudson Yards retail space for rent due to the novelty of the neighbourhood and the high number of foot traffic which comes from being one of the top retail locations in the nation.