Commercial Property for Lease – 533 Canal Street, New York, NY 10013
Asking Rent: $33,000 / Month
Size: 5,000 SF
Price per SF: ~$79 / SF annually
Property Type: Retail / Showroom / Creative Office
Location: SoHo–Tribeca Border (Hudson Square / Canal Street Corridor)
Availability: Immediate
Property Overview
533 Canal Street offers 5,000 sq. ft. of flexible-use space at the crossroads of SoHo, Tribeca, and Hudson Square. With strong Canal Street frontage and heavy foot/vehicle traffic, the property is well-suited for retail, creative office, gallery, or showroom tenants.
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This corridor has become increasingly popular with tech firms, media companies, boutique retailers, and restaurants, given its mix of historic loft buildings, creative culture, and proximity to Hudson River Park.
Key Features
- Total Size: 5,000 SF
- Asking Rent: $33,000/month ($396,000 annually)
- Price per SF: ~$79 annually
- Frontage: Canal Street exposure with strong visibility
- Use Flexibility: Retail, gallery, showroom, creative office, or F&B
- Condition: Immediate availability for tenant customization
Market Profile
- Target Tenants: Galleries, boutique retail, fashion showrooms, tech/media firms, or food & beverage concepts
- Neighborhood Demand: Canal Street corridor benefits from spillover demand from SoHo and Tribeca, offering more competitive rents than Broadway or prime SoHo blocks
- Competitive Advantage: Attractive $79/SF rent in a market where SoHo prime rents often exceed $100–$150/SF
Financial Highlights
- Monthly Rent: $33,000
- Annual Rent: $396,000
- Price per SF: ~$79 annually
- Lease Terms: Direct lease, flexible terms available
- Upside Potential: Location along SoHo/Tribeca border continues to appreciate in tenant demand, especially from creative industries and boutique brands
Location Advantages
- Neighborhood: Canal Street corridor – between SoHo, Tribeca, and Hudson Square
- Proximity: Hudson River Park, Holland Tunnel, Varick Street, and SoHo retail core
- Transit: Excellent access to 1, A/C/E, and N/Q/R/W subway lines, plus Holland Tunnel commuter routes
- Foot Traffic: Strong mix of local residents, professionals, and tourists
Summary
The 5,000 sq. ft. space at 533 Canal Street is a flexible retail/showroom/office opportunity at $33,000/month (~$79/SF annually). Its SoHo/Tribeca location, strong visibility, and competitive rent make it an excellent choice for galleries, boutique brands, or creative tenants seeking presence in one of Lower Manhattan’s most dynamic submarkets.
