Commercial Retail Lease – 182 Spring Street, New York, NY 10012
Asking Rent: $50,000/Month
Available Space: 2,550 SF
Location: SoHo – Manhattan (10012)
Availability: Immediate
Property Overview
182 Spring Street presents a 2,550 SF ground-floor retail opportunity in the heart of SoHo, Manhattan’s premier luxury and boutique retail district. With high visibility and heavy pedestrian traffic from both international tourists and local shoppers, the property offers an ideal flagship presence for luxury, lifestyle, or experiential brands.
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The space features an open floorplate, wide frontage, and flexible configuration, making it well-suited for fashion, design, gallery, or high-end food & beverage concepts. Positioned near world-renowned retailers and lifestyle anchors, this unit provides brand alignment and long-term prestige.
Key Features
- Size: 2,550 SF
- Asking Rent: $50,000 per month
- Annualized Rent: $600,000
- Effective Rent per SF: ~$235/SF annually
- Configuration: Large-format boutique space with adaptable interiors
- Frontage: Strong Spring Street visibility with high-volume foot traffic
- Market Segment: Luxury fashion, lifestyle retail, experiential tenants, galleries
Market Profile
- Submarket: SoHo – Manhattan’s premier destination for global retail and lifestyle brands
- Demand Drivers: Tourism, affluent residential base, office density, and cultural cachet
- Target Tenants: International fashion labels, design showrooms, experiential retail, fine dining operators
- Competitive Advantage: Larger-than-average boutique space in SoHo, positioned at a below-prime Broadway $/SF while retaining prestige branding power
Financial Highlights
- Asking Rent: $50,000/Month
- Size: 2,550 SF
- Annual Rent: $600,000
- Effective Rent per SF: ~$235/SF
- Lease Type: Negotiable (NNN or modified gross standard)
- Upside Potential: Long-term rent growth supported by SoHo’s global retail demand and limited supply of large Spring Street spaces
Location Advantages
- Neighborhood: SoHo – internationally recognized shopping and cultural hub
- Proximity: Steps to West Broadway, Greene Street, and luxury flagships including Chanel, Dior, and Prada
- Transit: Accessible via Canal Street (1, N/Q/R/W, 6) and Spring Street (C, E) subway stations
- Tenant Demand: Consistently strong from global brands seeking SoHo flagship presence
Summary
The 2,550 SF retail unit at 182 Spring Street is offered at $50,000/month (~$235/SF annually). With its prime SoHo location, strong pedestrian visibility, and adaptable large-format design, the property is a compelling opportunity for luxury retailers, experiential concepts, or gallery operators seeking a flagship presence in one of Manhattan’s most prestigious retail districts.
