Retail

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.

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.