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Cons
Shopper Profile
Successful Retail Uses:
A blend of classic brownstones and modern apartments, Murray Hill has a youthful vibe, thanks to its resident post-grads and young professionals. Its retail reflects this mix, from lively bars to quaint cafes and boutiques. Rents here are competitive but offer some pockets of affordability, with both local and corporate landlords in the frame.
Household Income in Trade Area: $120,000
Retail Sales in Trade Area: $600 million
Population in Trade Area: 150,000
Tenant Sales per Square Foot: $600
Occupancy Rate: 90%
Anchor Tenants: None
Tenant Rent/Sales Ratio (%): 25% – 50%
Rent $ / Visitor (relative cost of the foot traffic): $60 – $120
Other Notes: Data sourced from public and private records.
Average Rent (psf): $147
Median Rent (psf): $112
Rent Range (psf): $112-$177
Rent Variability: High
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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