Retail space for lease in Union Square

Union Square is one of the best-connected transit hubs in Manhattan, and its retail corridors on 14th Street and Broadway attract national brands. Office inventory is mostly boutique loft space favored by education, tech, and nonprofit tenants.

Retail stock
2.9M SF
Retail properties
303
Largest retail
44 East 14th Street
Transit
4 5 6 L N Q R W at 14 St-Union Sq

Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.

On Leasemark No retail space for lease and no requirements posted in Union Square yet. Post yours and it is matched the day it goes up.

1 real space nearby: retail space for lease at 201 Avenue A in the East Village (400 SF, $210/SF/yr).

Nothing listed here yet

New retail spaces in Union Square are matched to requirements the day they are posted. Post yours and be first in line.

Real space nearby

Listed now by its owner or broker, close to what this page covers. Open it and tap I'm interested to ask the lister for an intro; contact details are shared once both sides accept.

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NYC Department of Finance filings

Rent collected per square foot: retail buildings in Manhattan

In 2024, 1,328 Manhattan retail properties filed income statements with the city. Their median gross income was $64.71 per square foot, and the middle half collected between $38.35 and $104.91. The typical property's income was up 2.1% on 2023. The city publishes these figures by borough, not by neighborhood, so they cover Manhattan as a whole.

Gross income per square foot, 2024

  • Manhattan$64.71Middle half $38.35 to $104.91 · 1,328 filings · this page
  • Brooklyn$33.16Middle half $22.30 to $48.57 · 2,856 filings
  • Queens$36.08Middle half $24.11 to $54.28 · 3,243 filings
  • Bronx$33.65Middle half $22.85 to $48.55 · 1,487 filings
  • Staten Island$29.60Middle half $19.65 to $42.13 · 715 filings

Bar: the middle half of properties. Tick: the median.

Manhattan retail buildings

Median gross income
$64.71/SF
Middle half
$38.35 to $104.91
Typical change on 2023
+2.08%
Citywide median
$36.07/SF
Filings
1,328

Source: NYC Department of Finance, FY 2027 RPIE 2024 Income and Expense Distributions (FY 2027 assessment roll, published January 2026), page 16. Owners of income-producing properties file a Real Property Income and Expense statement each year; gross income is everything a property collected in 2024 per square foot, as filed, with outlier and partial-year filers left out. It includes vacant space, concessions and older leases, so it is not an asking rent.

NYC storefront registry

Storefronts in Union Square

How many shopfronts the city's registry counts here and how many stood empty at the end of 2025: a quick read on how much choice a retail or restaurant tenant has.

Registered storefronts
411
Vacant on Dec 31, 2025
48
Vacancy rate
11.7%
NYC 9.2%
A year earlier
10.6%
more empty now

Streets with the most storefronts in Union Square

  1. 7 vacant (16.7%)
  2. 0 vacant (0.0%)
  3. 9 vacant (28.1%)
  4. Irving Place27
    4 vacant (14.8%)
  5. Fourth Avenue23
    1 vacant (4.3%)

Large buildings with a vacant storefront

Owners of 14 of the 36 large buildings we track in Union Square with registered storefronts reported at least one vacant on December 31, 2025, 2 of them at 3 or more year ends in a row. Each links to the building's filings by year. Not listings: the registry records no size, rent or asking terms.

Large buildings in Union Square whose owners reported a storefront vacant on December 31, 2025
BuildingVacant storefrontsReported vacant
17 West 14th Street2 of 4End of 2025
797 Broadway1 of 1Every year end since 2022
Parish Building, 860 Broadway1 of 2Every year end since 2023
Lincoln Building, 1 Union Square West1 of 1Every year end since 2024
Merchants' Exchange Building, 114 Fifth Avenue1 of 2Every year end since 2024
21 Irving Place1 of 1Every year end since 2024
Knickerbocker Building, 79 Fifth Avenue1 of 3Every year end since 2024
Stuyvesant Building, 100 Fifth Avenue1 of 4End of 2025
225 Park Avenue South1 of 4End of 2025
41 Union Square1 of 7End of 2025

Showing 10 of 14, most vacant storefronts first.

Own or represent a vacant storefront in Union Square? List it free and it is matched against every retail requirement the day it goes up.

NYC storefront vacancy report: every borough, neighborhood and street, by year

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings, pulled 2026-10-16. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31. Neighborhood figures count storefronts near the neighborhood's commercial core, the same area as the building figures on this page. A vacant storefront is not always on the market: some are being renovated, held empty or already leased to a tenant who has not moved in.

NYC tax lot records

Retail buildings in Union Square

What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.

Retail space
2.9M SF
Properties with retail space
303
All commercial space
12.3M SF
Built before 1940
80%

Largest retail buildings

  1. 7 floors · built 1971
  2. 6 floors · built 1998
  3. 7 floors · built 1881
  4. 2 floors · built 1929
  5. 867 Broadway32K SF
    5 floors · built 1883
All 57 large commercial buildings in Union Square

Age, height and zoning

  • Median year built: 1909.
  • Median height: 7 floors.
  • Most common zoning districts: C6-1 (76), C6-4 (43), C6-2A (39).
  • Historic districts: Ladies' Mile Historic District (78 lots), Gramercy Park Historic District (4 lots), Greenwich Village Historic District (3 lots).
  • 28 lots are designated city landmarks.

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16. Counts cover tax lots with commercial floor area within about 0.3 mi of Union Square's commercial core, and each lot counts toward one neighborhood only, so boundaries are approximate. Building figures are the city's floor-area estimates, not available space.

MTA station data

Subway stations in Union Square

Every station within about 0.5 mi of Union Square's commercial core, closest first. Stations joined by a free transfer count once.

Stations
8
Subway lines
13
Fully accessible
3 of 8
Closest
14 St-Union Sq, 1 min walk

The 8 stations

  • 14 St-Union Sq1 min walk · Accessible station
  • 14 St6 min walk · Accessible station · connects to 6 Av
  • 3 Av7 min walk · Not accessible
  • 23 St-Baruch College7 min walk · Accessible station
  • 23 St8 min walk · Not accessible
  • 8 St-NYU8 min walk · Not accessible
  • Astor Pl8 min walk · Not accessible
  • 23 St10 min walk · Not accessible

Lines

The 1, 2, 3, 4, 5, 6, F, L, M, N, Q, R and W trains stop within about 0.5 mi of Union Square's core.

Step-free access

  • 14 St-Union Sq (4 5 6 L N Q R W) is fully accessible.
  • 14 St (1 2 3 F M) is fully accessible.
  • 23 St-Baruch College (6) is fully accessible.

Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-16. Walking times are straight-line estimates from the nearest point of Union Square's commercial core (the same area as the building counts), so the street route is longer. Accessibility is the MTA's rating for the named station. PATH, LIRR, Metro-North and ferries are not in this data.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

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Questions about retail space in Union Square

Is there retail space for lease in Union Square right now?

No retail space for lease in Union Square is listed on Leasemark right now. Nearby on Leasemark: retail space for lease at 201 Avenue A in the East Village (400 SF, $210/SF/yr). Post what you need and Leasemark matches you the day a space that fits is listed; your contact details stay private until you accept an intro. Owners and brokers can list a space here for free.

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How much does retail space cost in Union Square?

Leasemark has no asking rents posted here yet, so here are the city's own numbers. Retail buildings in Manhattan collected a median $64.71 per square foot in 2024, and the middle half between $38.35 and $104.91, according to the income and expense statements owners file with the NYC Department of Finance (FY 2027 distributions, 1,328 filings). The city publishes these figures by borough, so this is Manhattan as a whole, not Union Square alone. That is what buildings actually collected, with vacant space, concessions and leases signed years ago in the mix, so it is a baseline rather than a quote: a specific space's price depends on the building's class, floor, condition and the length of the lease.

Compare every borough

How do I find retail space in Union Square that is not publicly listed?

Post a requirement on Leasemark. Owners and listing brokers see what you need (without your contact details) and can respond with spaces, including ones that are not on the market yet. You choose who gets an intro.

How much retail space is there in Union Square?

New York City's PLUTO tax lot data (26v2) records about 2.9 million square feet of retail floor area across 303 properties in the part of Union Square Leasemark covers. The largest by that measure is 44 East 14th Street, at about 263,000 square feet. That is the existing building stock, not space currently for lease.

How many storefronts are vacant in Union Square?

Owners registered 411 ground- and second-floor storefronts in the part of Union Square Leasemark covers for the end of 2025, and 48 of them (11.7%) stood vacant on December 31, 2025, against 9.2% citywide and 10.6% here a year earlier. The most storefronts are on Fifth Avenue (42) and University Place (34). A vacant storefront is not always on the market: some are being renovated, held empty or already leased to a tenant who has not moved in.

Which large buildings in Union Square have a vacant storefront?

Owners of 14 of the 36 large buildings Leasemark tracks in Union Square with registered storefronts reported at least one vacant on December 31, 2025, 2 of them at 3 or more year ends in a row. The most vacant: 17 West 14th Street (2 of 4 storefronts), 797 Broadway (1 of 1 storefronts) and Parish Building, 860 Broadway (1 of 2 storefronts). Each building's page shows its filings by year. A vacant storefront is not always on the market: some are being renovated, held empty or already leased to a tenant who has not moved in.

What subway lines serve Union Square?

Eight subway stations sit within about 0.5 mi of Union Square's commercial core, served by the 1, 2, 3, 4, 5, 6, F, L, M, N, Q, R and W trains. The closest is 14 St-Union Sq (4 5 6 L N Q R W), roughly 1 minute on foot; then 14 St (1 2 3 F M L), 3 Av (L), 23 St-Baruch College (6), 23 St (R W), 8 St-NYU (R W), Astor Pl (6) and 1 more. Walking times are straight-line estimates from MTA station data.

Do tenants in Union Square pay the NYC Commercial Rent Tax?

Yes, for larger leases. Union Square is in Manhattan below 96th Street, where the city's Commercial Rent Tax applies. A tenant owes it only when base rent for the space is $250,000 a year or more. The tax is 6% of base rent after a 35% reduction, so 3.9% of rent, with a sliding credit between $250,000 and $300,000, and the Small Business Tax Credit wipes it out for businesses with total income of $5 million or less and base rent under $500,000.

Estimate it with the Commercial Rent Tax calculator

Is it free to post on Leasemark?

Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.