Meatpacking District

Location

New York City, NY, USA

Estimated Gross Rent

$200-$300 PSF

Most Desirable Block(s)

Gansevoort Street between Washington and Hudson

Location

New York City, NY, USA

Estimated Gross Rent

$200-$300 PSF

Most Desirable Block(s)

Gansevoort Street between Washington and Hudson

Description

From an industrial past to a high-fashion present, the Meatpacking District has redefined itself as one of New York City’s most dynamic retail and cultural centers. With its iconic and striking architecture, and a retail lineup that blends heritage brands with cutting-edge designers, the neighborhoo

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street Details

Annual foot traffic

500,000 people/year

Daily vehicle traffic

15,000 vehicles/day

Population

25,000 people within

Day time population

35,000 people within

Household income (median)

$75,000.00 annually

Age (average)

> 35 years old within

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Available Spaces

Sample Space 1

1000 SF

Suitable for retail, restaurant, office

Sample Space 2

1500 SF

Suitable for retail, restaurant, office

Sample Space 3

2000 SF

Suitable for retail, restaurant, office

News & Alerts

0 of 0

NYC mayor unveils mixed-use development goals for Meatpacking District

9 months ago

LilySilk opens first concept store in NYC's Meatpacking District

9 months ago

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Local Experts

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Brokers Active on Meatpacking District

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Local Expert Analysis

Market Metrics and Leasing Trends The Meatpacking District consistently attracts luxury retailers, experiential brands, and direct-to-consumer (DTC) pioneers. Rental rates range from $200 to $300 per square foot, making it competitive with SoHo and Madison Avenue for brands seeking high visibility and elite clientele. Vacancy rates remain low (5%-10%), yet turnover favors established brands with strong flagship concepts, as the area’s consumer base skews exclusive rather than mass-market. However, the district’s premium pricing and niche audience require careful strategic planning. Retailers must balance high rental costs with experiential activations to remain relevant in an environment where traditional store formats struggle. Those unable to leverage the neighborhood’s high-profile appeal or integrate into its fashion-forward ecosystem may face operational challenges despite steady foot traffic. Customer Demographics and Foot Traffic The district’s clientele is well-off, style-driven, and experience-oriented, including high-net-worth residents, creative professionals, and international tourists. Its proximity to the High Line, Chelsea Market, and luxury hotels ensures consistent visitor flow, particularly in the evenings and on weekends. While seasonal events and cultural attractions boost engagement, some brands may find that foot traffic doesn’t always equate to conversion, as visitors are often drawn to the district’s social and experiential aspects as much as its retail offerings. Future Trends The Meatpacking District’s continued success will hinge on retailers embracing experiential design, innovative store formats, and brand storytelling. As adaptive reuse projects and mixed-use developments expand retail corridors, the district will remain a pioneer in blending commerce with culture. However, brands must navigate seasonal fluctuations and the high costs of maintaining a presence here, making sure that foot traffic translates into sustained revenue. Conclusion The Meatpacking District is one of New York’s most visually and commercially compelling retail destinations. While high rents and a selective consumer base require careful brand positioning, the rewards for those who embrace innovation and experiential retail are there to be reaped.

Market Metrics and Leasing Trends

The Meatpacking District consistently attracts luxury retailers, experiential brands, and direct-to-consumer (DTC) pioneers. Rental rates range from $200 to $300 per square foot, making it competitive with SoHo and Madison Avenue for brands seeking high visibility and elite clientele. Vacancy rates remain low (5%-10%), yet turnover favors established brands with strong flagship concepts, as the area’s consumer base skews exclusive rather than mass-market. However, the district’s premium pricing and niche audience require careful strategic planning. Retailers must balance high rental costs with experiential activations to remain relevant in an environment wh