Flexible Retail Spaces For Rent in SoHo, New York

Why rent a temporary retail space in Soho, NYC ?

A Temporary commercial space can open for a single day or several weeks, even months. A flexible space rental does not commit you with a permanent lease and allows you to offer a unique consumer experience, connect with customers or validate the potential of a New York neighborhood while benefiting from great flexibility.

The neighborhood of Soho, NYC is the perfect place to organize your art gallery. It is one of the busiest districts of New York with a substantial foot traffic, a clientele of upscale shoppers, and surroundings full of cafes and restaurants.

The areas of Mercer, Sullivan, Wooster, Greene Street and Crosby especially attract retail lovers.

The district of Soho, NYC, which draws a crowd eager for discovering new products, is full of special gallery-ready venues available for rent from a few days to a couple of months: apartments, old warehouses, etc. White walls? Wood panelled? Wooden floors? Whether you are looking for bohemian, classic or comfortable spaces, you are guaranteed to find on Storefront the most desirable flexible venue for the event you are organizing.

What are the most desirable spots to rent commercial space in SoHo?

For decades, SoHo has been the “can’t miss” retail epicenter of Manhattan. A shop in SoHo comes with a level of prestige that most locations do not. Manhattanites and tourists alike flock to SoHo each day to dine and shop, and any business would love the opportunity to lease commercial space in this bustling retail hub of New York City. 

When renting a commercial property in SoHo, a storefront on the ground floor of a building offers the best chance to take advantage of all the neighborhood foot traffic. You can also take advantage of excellent leasing opportunities with second and third-floor units, provided there are ample opportunities to place signage on the building. 

The majority of retail shopping in SoHo is on the ground floor or lower levels of high rise buildings. At the heart of it all is the stretch of Broadway between Houston and Canal Streets, which represents the best shopping and most prestigious stores in the area. You’ll also find plenty of other excellent retail opportunities along the side streets that cross Broadway. 

How much does it cost to rent a shop in SoHo? 

As a prestigious neighborhood that offers Manhattan’s most exclusive shopping opportunities, rent in Soho is quite high. The price is dictated by location and square footage, with the square footage price at approximately $367 per year. That price will fluctuate a few dollars per square foot depending on how close the shop is to Broadway. Depending on the size of the shop, most retail shop owners pay between $36,000 and $230,000 per month in rent. 

Retail space is almost always priced according to the going square foot price of the area. If you ever find a location to rent that’s much cheaper than the going rate square foot price, it’s likely class B or class C space. 

The COVID-19 pandemic has forced landlords to find creative ways to fill vacant space in the neighborhood. Pop-up shops have become a popular leasing arrangement in SoHo, and there are many locations available from $500-$3,000 per day, depending on square footage.

Ensure you know what you’re getting under your lease agreement: Most space in SoHo is leased “as is,” and you’ll need to negotiate any necessary renovations with your landlord prior to finalizing the lease.