Commercial Leasing in SoHo

SoHo is Manhattan's most stratified commercial market. The neighborhood's cast-iron buildings house a retail ecosystem that ranges from ultra-premium flagships on Prince Street — where Estee Lauder leased at approximately $1,100 per square foot — to boutique gallery spaces on Greene and Wooster Streets at $200 to $400 per square foot. Broadway between Houston and Canal anchors the district at $500 to $726 per square foot, with median asking rents hitting a decade-long high in the second half of 2025. Average retail rent across SoHo sits at $400 per square foot, but that average masks enormous corridor-by-corridor variation that determines whether a space leases in weeks or sits vacant for months.

For landlords with commercial space in SoHo, the challenge is not demand — it is matching. Global luxury brands, athletic and lifestyle companies, high-end beauty labels, and experiential retail concepts all compete for SoHo storefronts. But each corridor attracts a different tenant category. Prince Street between Broadway and West Broadway draws LVMH and designer flagships. Broadway captures national brands and high-foot-traffic retailers. The side streets — Spring, Broome, Greene, Wooster — serve boutique fashion, art galleries, and design showrooms at $250 to $500 per square foot. Mismatching a tenant to a corridor leads to short tenancies and below-market renewals.

Meraki Realty provides exclusive landlord representation for commercial leasing throughout SoHo. With average lease terms of 10 years and office rents of $80 per square foot — Class A at $95 and Class B at $72 — the stakes on every deal are significant. Our team understands which corridors support which tenant categories, how to position spaces to attract flagship-caliber operators, and how to structure long-term leases with escalation provisions that protect landlord value across the decade-long terms that define SoHo commercial leasing.