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Top Five Affordable Retail Spaces To Rent In Yorkville

While the business opportunities are abundant, the local retail rents are still cheap.

By Team Agorafy February 3, 2017
Photo courtesy of Blocksy

So, after much ado and media hype, the Second Avenue Subway line is finally open. If the self-promoting MTA train posters are to be believed, this new commute option will bring prosperity to the neighborhood.

Agorafy already examined the implications that the new subway line will have on the local real estate before. It’s a no-brainer, actually—accessibility is in, affordability is out. Before, when the area was known as a subway desert, it also featured cheap real estate. Now, thanks to the Q train, asking prices and rents have already skyrocketed.

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This, however, isn’t the case with commercial real estate. Well, retail space prices will go up, too—eventually. But for now, the median asking rent for a retail space in Yorkville is still a surprisingly cheap $122 per square foot. In comparison, the median asking rent for a similar-sized space in the neighboring Upper East Side costs $175 per square foot.

While the rents are still cheap, the business opportunities there are abundant. The new subway line is already increasing the foot traffic in the area dramatically. You know what we are getting at, don’t you? If you are currently on the market for a retail space, now would be the perfect time to look into Yorkville neighborhood. So here comes—Agorafy’s list of top five local retail spaces you can rent right now.

RelatedTop Five Co-ops That Are Currently For Sale In The Big Apple

 

1705 First Avenue

440 square feet | $4,500

Affordable Retail Spaces Yorkville

 

1594 Second Avenue

600 square feet | $9,000

Affordable Retail Spaces Yorkville

 

1841 First Avenue

1,250 square feet | $7,500

Affordable Retail Spaces Yorkville

 

402 East 78th Street

950 square feet | $8,500

 

436 East 75th Street

500 square feet | $3,500

 

Team Agorafy

ABOUT THE AUTHOR Team Agorafy

ABOUT THE AUTHOR Team Agorafy

Our mission is to be the most accurate resource for commercial listings, residential listings, and property information, allowing users to make highly-informed decisions based on current market data.

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