CPEX's State of Brooklyn's Commercial Market
The Fulton Mall in Downtown Brooklyn and 86th Street in Bay Ridge have the most expensive commercial rents in Brooklyn, topping out at $125 a foot each. That’s the first factoid that leaps out of CPEX’s new 2010 Retail Report. Four other retail strips—Bedford Avenue in Williamsburg, 86th Street in Bensonhurst, Court Street in Downtown…
The Fulton Mall in Downtown Brooklyn and 86th Street in Bay Ridge have the most expensive commercial rents in Brooklyn, topping out at $125 a foot each. That’s the first factoid that leaps out of CPEX‘s new 2010 Retail Report. Four other retail strips—Bedford Avenue in Williamsburg, 86th Street in Bensonhurst, Court Street in Downtown Brooklyn and Montague Street in Brooklyn Heights—all have rents that reach $100 a foot. You can see all the gory details in the full report.
The prices in Manhattan are mindboggling.
Montrose – there’s more detail in the actual report
Map leaves out several commercial corridors that are larger than some mentioned, yet not considered? What about Fulton St from where they end in Clinton Hill through Bed Stuy? Flatbush from PLG through Flatbush proper? Nostrand Ave from Bed Stuy through Flatbush? Those are all major commercial corridors. Plus the lesser ones, like Franklin Ave from St. Marks south, Rogers Ave in PLG? Atlantic and Pennsylvania Aves in ENY? Those are just a few that I can think of offhand, which means there are plenty more in neighborhoods I don’t know as well.
Agreed, ENY (and nice to “see” you again!). One of the reasons I get annoyed with people who complain about Fulton St. It was commercially successful yet not frou frou (to paraphrase rob) for the area’s more frou frou gentry. I have no problems with upscale stores- but I question why:
1. some commenters made a point at looking down their noses at these successful businesses and
2. should successful businesses be forced out simply because their aesthetic is not pleasing to some of the changing demographic?
If Mom & Pop run a good, clean store selling things people want and provide good service and flexible hours as well, Mom & Pop will find a marketplace among folks who prefer not to shop at chain stores.
My typing sucks today, but you get my drift.
99 percent of mom & pop shops are crap anyway and overpriced. technically all those foofoo clothing boutiques are mom & pop shops as well. the only mom & pop stores i like are independent dollar and value stores. i think people always have this quaint little image in their heads of what a mom & pop store is that doesnt necessarily match reality.
*rob*
That’s why there are only chain stores on 86th in Bay Ridge, rents are to high for mom and pop.
quote:
So what’s wrong with that?
absolutely nothing.
*rob*