Pros
Cons
Shopper Profile
Successful Retail Uses:
Trendy yet intimate, Nolita blends upscale shopping with a neighborhood feel. Nestled between Soho and Little Italy, its charming streets are lined with independent boutiques, niche concept stores, and cozy cafes, attracting a fashion-conscious crowd. Despite its small size, the area packs a punch with its mix of global and emerging brands, making it a sought-after destination for both tourists and locals. Rents are competitive, driven by the influx of DTC brands and pop-ups, though much of the real estate is still held by local landlords, preserving Nolita’s distinctive character.
Household Income in Trade Area: $115,000
Retail Sales in Trade Area: $800 million
Population in Trade Area: 120,000
Tenant Sales per Square Foot: $1,200
Occupancy Rate: 95%
Anchor Tenants: Everlane, Reformation, Deciem
Tenant Rent/Sales Ratio (%): 33%
Rent $ / Visitor (relative cost of the foot traffic): $28
Other Notes: Data sourced from public and private records.
Average Rent (psf): $197
Median Rent (psf): $171
Rent Range (psf): $171-$201
Rent Variability: Medium
Other Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Preferred ISP(s)
Estimated Permit Timeline (weeks)
Landmarks Risk
Union Labor Disharmony Likelihood

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