Retail

Commercial Retail Space for Lease – 89 Canal Street, New York, NY 10002

Asking Rent: $14,000 / Month
Size: 1,500 SF
Price per SF: ~$112 / SF annually
Property Type: Retail / Showroom / Specialty Use
Status: Active

Property Overview

89 Canal Street offers approximately 1,500 SF of ground-floor retail space in the highly trafficked Lower East Side / Chinatown corridor. Situated along one of Manhattan’s most well-known commercial streets, the property benefits from heavy pedestrian activity, strong tourism, and dense surrounding residential and business populations, making it an excellent location for retail or showroom concepts.

Key Features

• Total Size: 1,500 SF
• Asking Rent: $14,000/month ($168,000 annually)
• Price per SF: ~$112 annually
• Use Flexibility: Ideal for boutique retail, specialty goods, apparel, convenience retail, or showroom concepts
• Frontage: Street-level storefront with strong visibility along Canal Street
• Condition: Delivered ready for tenant build-out or light customization

Market Profile

• Target Tenants: Retailers, specialty shops, souvenir or gift operators, apparel brands, and showroom users
• Neighborhood Demand: Canal Street remains a high-traffic retail corridor driven by tourism, nearby transit hubs, and dense residential neighborhoods
• Competitive Advantage: Competitive rent for a prime Canal Street address with strong daily foot traffic and broad consumer exposure

Location Advantages

• Neighborhood: Lower East Side / Chinatown
• Proximity: Bowery, Essex Street Market, SoHo, and Little Italy
• Transit: Served by J, Z, N, Q, R, W, 4, 5, and 6 subway lines nearby
• Foot Traffic: Heavy mix of tourists, commuters, and neighborhood residents throughout the day

Summary

The 1,500 SF retail space at 89 Canal Street provides an attractive leasing opportunity at $14,000/month (~$112/SF annually) in one of Manhattan’s most recognizable retail corridors. With strong visibility, constant foot traffic, and flexible use potential, this property is well suited for retail operators seeking high-volume exposure in Lower Manhattan.