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West 125th Street - A New Premier Shopping Destination

May 14, 2017

 

Numerous factors, including a 2008 Rezoning, Columbia University expansion, burgeoning office market and residential developments help attract prominent national retail chains and renown cultural institutions to Harlem's premier commercial thoroughfare.  Asking rents for street-level storerfronts quoted at $150 to $200 per square foot, while asking rents for recently constructed/converted office spaces located nearby are asking from low $40s to low $60s per square foot, but city and state tax benefits/incentives can effectively halve those numbers for tenants.

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