A Look at Carroll Gardens Retail Rents
Massey Knakal, whose bread-and-butter business is the sale commercial properties, has done a very neat back-of-the-envelope report on retail rents in various neighborhoods around Brooklyn. The Carroll Gardens market is particularly interesting given what a shopping boomtown it’s become. According to the report, the priciest patch of storefronts, not surprisingly, is Smith Street between Union…
Massey Knakal, whose bread-and-butter business is the sale commercial properties, has done a very neat back-of-the-envelope report on retail rents in various neighborhoods around Brooklyn. The Carroll Gardens market is particularly interesting given what a shopping boomtown it’s become. According to the report, the priciest patch of storefronts, not surprisingly, is Smith Street between Union and Douglass. Massey Knakal‘s Senior Director of Sales for the area Ken Freeman estimates that market rates for that stretch are between $85 and $99 per foot. Next most expensive? It’s a tie between the Union-2nd Place stretch of Smith and pretty much all of Court Street in Carroll Gardens, where rents are in the $50s and $60s. The cheapest rents (less than $50 per foot) can be found south of 2nd Place on Smith Street.
Most of the empty storefronts I’ve seen on 7th Avenue have been rented very recently, actually.
Maybe the landlords know it’s time to be a little more flexible.
I’ve actually talked to two different people who own some pretty awesome stores elsewhere who are looking at 7th avenue hoping to make it more of a draw.
Will be interesting to see what happens.
The place at 7th and Union which sat vacant for a while has the for rent sign down and the building permits up.
Look to Seventh Ave in Park Slope if you want to see the near future of Smith St, Court St and Fifth Ave: lots and lots of empty storefronts.
12:50:
NWH say fuck the security guards
he ain’t a cop but he still want to act hard
On patrol at a goddamn convenience store
get in check you just a chump minimum wage whore
Just a slob in an ill fittin suit
got a little bit of power so you want to act a fool
Let some shit break out and what you gonna do
can’t get back-up cause you don’t have a crew
But it seems like damn near everytime I shop
I’m getting clocked by some wanna be cop
Follows me around like a magnet
eyes on my ass like a 2 bit faggot
Why it gotta be that I’m treated like a thief because I’m black
and wear a pager on my jeans
So it seems I’m gonna have to set the sucker straight
I turn around and say yo punk get out my face
An he wastes no time pointin to his fake badge
an real night stick that could make a nigga hemorrhage
He got cuffs some mace and a gat on his hip
he makes a move but Ice Cold don’t trip
Cause I’m wearin my hat and the shit feels good
besides all that I’m straight out of the neighborhood
With flow I pull my AK-47
gonna send an acme rents punk cop straight to heaven
Oh hell who cares where the motherfucker go
he’s dead on the ground by the time I let the trigger go
Fuck the security guards!
12:00. I’m sure if you call them they would be happy to support you with comps.
I completely agree with 11:35. How many pairs of glasses, throw pillows, and expensive knick knacks can one person buy? We have already lost pharmacies, dry cleaners, and a grocery store.
The Eckerd/Rite Aid has become quite an unpleasant experience with the roving security following me and everyone else and the verbally abusive manager who on several occassions I have heard yell at customers to get out of “her” store and never come back. At least they replaced the cell phone yapping cashiers recently.
Carroll Gardens can stop the chains by giving their money to the mom and pops.
Re: 11:58 and 12:16 – perhaps what 11:35 is lamenting is not just the loss of businesses which give the neighborhood a human face, but the loss of residents who value such businesses. Market uber alles types, who believe the dollar to be the best judge of all things, are turning much of this area into a place where history, diversity, and connection mean nothing.
The fact is that most of the restaurants and boutiques survive because they attract tons of out-of-neighborhood traffic. Because Carroll Gardens is a fairly low density neighborhood, amenities which cater to those who live there will never be able to compete with chains and businesses which draw people from out of the neighborhood.
That may be a great way to run a business, but it’s a lousy way to make a neighborhood. And there’s a huge middle ground between Cuba and the free-for-all we’ve got now (which of course is not really a free-for-all at all, but rather a pretty restrictive game rigged in favor of huge corporations. But that’s another story.)
There are about thirty dry cleaners in the neighborhood. Who cares if one or two or twenty get priced out?
11:58, thank you for your response to 11:35. I’m sick of people crying about their loss of neighborhood amenities. This is supply and demand. Apparently we don’t need one dry cleaner per block, and yes, they can thrive on side streets. Cell phone stores and banks don’t open up to lose money and piss people off. They go there because there is a demand there. If there weren’t, they’d lose money. Assuming chains are rational and know their business, I’m guessing they go where people want them. If you want to live in a planned community where you may only have one butcher, one dry cleaner, and one green grocer, move to Cuba.
Where is Carroll Gardens?