Second location for an established restaurant group. Must be vented with a cellar.
WANTED To lease · Tenant · Hospitality
Chef-driven restaurant, vented space
Example requirement
- Size
- 1,500 SF to 3,000 SF
- Type
- Restaurant
- Budget
- Up to $160/SF/yr
- Move in
- Jan 2027
Where
- East Village
- Lower East Side
- West Village
Must-haves
- Kitchen / vented
What the budget means per month
At the $160/SF/yr budget ceiling, base rent would be about $20,000 to $40,000 a month for 1,500 SF to 3,000 SF. A lower rent per square foot would cost less.
Base rent only, before taxes, operating expenses, utilities or other lease charges. The calculator starts with one year, no increases and no concessions; adjust those terms for a specific space.
How the budget compares
Up to $160/SF a year is higher than what three in four Manhattan retail buildings collected per square foot in 2024 (the top quarter starts at $104.91).
- This budget
- $160/SF/yr 147% above the median
- Median
- $64.71/SF/yr
- Middle half
- $38.35 to $104.91
Source: the income and expense statements that owners of Manhattan retail buildings file with the city (NYC Department of Finance (opens in a new tab), 2024 filings, 1,328 in the borough). It is what whole buildings across the borough collected (not this neighborhood alone), with vacant space, concessions and older leases in the mix: a baseline, not a quote. Every borough, side by side
How much commercial rent costs in NYC, and what is paid on top of it
Spaces that already fit
Scored out of 100 on location, type, size, budget, timing and must-haves. Best fit first.
From the city's storefront registry
Vacant storefronts where you are looking
Of the 1,652 storefronts registered in the East Village, the Lower East Side and the West Village, owners reported 145 vacant on December 31, 2025 (8.8%), against 9.2% citywide. These are research starting points, not listings: the registry records no size, rent or asking terms, so none of it is matched to the 1,500 SF to 3,000 SF you need or your budget.
| Neighborhood | Vacant | Share | Most vacant on |
|---|---|---|---|
| East Village | 78 | 10.4% | First Avenue (11 of 123), Avenue B (7 of 62) |
| Lower East Side | 47 | 10.2% | Delancey Street (7 of 48), Clinton Street (6 of 53) |
| West Village | 20 | 4.6% | Christopher Street (4 of 42), West 14th Street (4 of 35) |
Large buildings with a vacant storefront
| Building | Vacant storefronts | Reported vacant |
|---|---|---|
| 154 West 14th Street | 1 of 1 | Every year end since 2019 |
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filing for December 31, 2025, pulled 2026-10-16. Owners of buildings with ground- or second-floor storefronts register each one every year with its status that day. Neighborhood figures place each storefront by its tax lot, the same area as the neighborhood pages. 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. Our building directory starts at 35,000 SF. Confirm availability, size, permitted use, venting and terms with the owner or broker.