Commercial Retail Space for Lease – 46–50 W 29th Street, New York, NY 10001
Asking Rent: $13,000 / Month
Size: 5,000 SF
Price per SF: ~$31 / SF annually
Property Type: Retail / Restaurant / Showroom / Specialty Use
Status: Active
Property Overview
46–50 West 29th Street offers approximately 5,000 SF of ground-floor retail space in the Midtown South / NoMad corridor, an area known for its dense residential population, strong commercial activity, and proximity to major transportation hubs. The property benefits from steady pedestrian traffic and convenient access to Fifth Avenue, Herald Square, and Madison Square Park, making it well suited for retail or food-and-beverage operators.
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Key Features
- Total Size: 5,000 SF
- Asking Rent: $13,000/month ($156,000 annually)
- Price per SF: ~$31 annually
- Use Flexibility: Suitable for restaurant, café, boutique retail, specialty food, fitness or wellness retail, or showroom concepts
- Frontage: Street-level storefront with strong neighborhood visibility
- Condition: Delivered ready for tenant build-out or light customization
Market Profile
- Target Tenants: Restaurants, cafés, boutique retailers, specialty food operators, fitness or wellness brands, and showroom users
- Neighborhood Demand: Midtown South and NoMad remain high-demand submarkets driven by office users, residential growth, and proximity to major transit corridors
- Competitive Advantage: Large-format retail space at a highly competitive rent compared to nearby Fifth Avenue, Herald Square, and Flatiron retail locations
Location Advantages
- Neighborhood: Midtown South / NoMad
- Proximity: Madison Square Park, Herald Square, Fifth Avenue shopping corridor, and Penn Station
- Transit: Served by N, Q, R, W, B, D, F, M, 1, 2, and 3 subway lines nearby
- Foot Traffic: Dense mix of residents, office workers, shoppers, and commuters throughout the day
Summary
The 5,000 SF retail space at 46–50 West 29th Street presents an excellent leasing opportunity at $13,000/month (~$31/SF annually) in the Midtown South / NoMad corridor. With strong transit access, flexible use potential, and highly competitive pricing, this property is ideal for retail or restaurant operators seeking a centrally located Manhattan space at a value-oriented rent.
