Top Five Retail Spaces To Rent In Washington Heights For Under $6,000
Ever dreamed of opening a coffee shop—or another lifestyle business? Look no further than this Manhattan neighborhood.
Ever dreamed of opening your own little store or a bodega in Manhattan—and making a steady living off the profit? You know, the old school lifestyle business—with lazy afternoons, neighbors bringing in the latest gossip, and an entitled-yet-adorable cat? Well, fuhgeddaboudit. The only thing that is even crazier would be opening a bookstore.
Didn’t you get the memo? Retail spaces in Manhattan are not just expensive. They are ridiculously, phantasmagorically extortionate—with certain NYC neighborhoods breaking the new vacancy rate record, and local bodegas slowly turning into a dying breed. See for yourself: A typical NYC bodega normally generates between $15,000 and $30,000 per week in sales. Somewhere in Soho or Tribeca, the rent alone can be higher than that.
So does it mean you have to kiss goodbye to your lifestyle coffee shop business? Not necessarily—if you are willing to consider Washington Heights. As we at Agorafy recently reported, this neighborhood is still defying gentrification forces—a resistance that not only deserves a nod of admiration, but also keeps local real estate prices in check.
The median asking rent in Washington Heights is astoundingly moderate $83 per square foot. Given the fact that an average bodega size is something between 1,000 and 2,000 square feet, you might be able to snatch a decent place for under $6,000 a month. Now, this number sound way more feasible, right? If your bodega manages to generate enough revenues, the money left after you pay your rent and other business expenses might just be enough to sustain you—and the bodega cat.
What we at Agorafy did was to browse through the vacant retail space listed for rent in Washington Heights and hand-picked the best bargains in the area. So if you ever decide to open that bodega—or a different kind of business for that matter—here is our list of the top five retail spaces for rent in Washington Heights. Enjoy!
2,000 square feet | $4,000 a month
1,000 square feet | $4,000 a month
1,100 square feet | $5,000 a month
1,125 square feet | $5,500 a month
1,200 square feet | $6,000 a month
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