Commercial Retail Space for Lease – 177 Spring Street, New York, NY 10012
Asking Rent: $40,000 / Month
Size: 1,500 SF
Price per SF: ~$320 / SF annually
Property Type: Retail / Boutique / Showroom / Restaurant
Status: Active
Property Overview
177 Spring Street offers approximately 1,500 SF of prime ground-floor retail space in the heart of SoHo, one of Manhattan’s most prestigious and high-traffic shopping and dining districts. Located along a heavily traveled retail corridor, the property benefits from exceptional pedestrian activity, strong brand visibility, and proximity to major luxury retailers and destination restaurants.
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Key Features
- Total Size: 1,500 SF
- Asking Rent: $40,000/month ($480,000 annually)
- Price per SF: ~$320 annually
- Use Flexibility: Ideal for boutique retail, flagship showroom, specialty food, café, or experiential retail concepts
- Frontage: Street-level storefront with strong SoHo visibility
- Condition: Delivered ready for tenant build-out or high-end customization
Market Profile
- Target Tenants: Fashion brands, boutique retailers, lifestyle brands, luxury or premium concepts, and showroom operators
- Neighborhood Demand: SoHo remains one of Manhattan’s strongest retail markets, driven by international tourism, luxury shopping, and dense residential population
- Competitive Advantage: Prestigious Spring Street frontage in a globally recognized retail district with continuous pedestrian flow
Location Advantages
- Neighborhood: SoHo
- Proximity: Prince Street, Broadway retail corridor, Nolita, and Hudson Square
- Transit: Served by A, C, E, B, D, F, M, N, R, W, and 6 subway lines nearby
- Foot Traffic: Heavy mix of tourists, shoppers, residents, and office workers throughout the day
Summary
The 1,500 SF retail space at 177 Spring Street presents a premier leasing opportunity at $40,000/month (~$320/SF annually) in one of Manhattan’s most coveted retail corridors. With exceptional visibility, high pedestrian volume, and strong branding potential, this property is ideally suited for boutique or flagship retail operators seeking a SoHo presence.
