
Specializing in Northern Manhattan Commercial Real Estate.
NaviTimes is a leading commercial real estate brokerage firm, specializing in the vibrant and ever-evolving markets of Northern Manhattan. Since 2003, we have been committed to shaping the commercial landscape, leveraging our expertise to connect local businesses with ideal spaces while attracting national and international tenants. Our tailored approach combines deep regional knowledge with a proven strategy, ensuring we meet the unique needs of both mom-and-pop shops and large corporations.
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Northern Manhattan Retail and Office Space
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​As a commercial real estate broker specializing in Northern Manhattan, you may be interested in the current trends and activities of corporate tenants seeking to establish new retail locations in this area. While specific tenant commitments in Northern Manhattan are not extensively detailed in recent reports, several broader market trends and initiatives indicate a growing interest in retail expansion within the borough:​ Emerging Retailers Entering Manhattan: First-Time Retailers: Between 2020 and 2023, over 1.56 million square feet of new deals were signed by retailers opening their first Manhattan locations, accounting for approximately 15% of the total leasing volume during that period. In 2023 alone, these "first-timers" committed to more than 455,000 square feet, representing 18% of Manhattan’s annual leasing volume. ​ CBRE Commercial Real Estate Services Storefront Resurgence Initiatives: Manhattan Chamber of Commerce's Storefront Resurgence Project: This initiative aims to drive foot traffic to commercial corridors throughout Manhattan, reduce prolonged storefront vacancies, and support the emergence of innovative local brick-and-mortar businesses. Such efforts are likely to stimulate retail growth in various neighborhoods, potentially including Northern Manhattan. ​ Manhattan Chamber of Commerce Food Retail Expansion Programs: FRESH Program: The Food Retail Expansion to Support Health (FRESH) program provides zoning and financial incentives for the establishment and retention of grocery stores in underserved communities. Since its inception in 2009, 28 projects have been approved across the five boroughs, with 22 completed, representing over 700,000 square feet of new or renovated space. This program could attract grocery retailers to Northern Manhattan, enhancing local food access. ​ NYCEDC +2 NYC Business +2 NYCEDC +2 Luxury Retailers' Commitment: High-End Brands: Luxury retailers continue to demonstrate interest in Manhattan, with brands like Giorgio Armani opening multi-use properties featuring luxury condos and boutique shops. While these developments are primarily in central Manhattan, the trend indicates a sustained commitment to the city's retail landscape, which could influence broader market dynamics. ​ Globest Conclusion: While specific corporate tenants targeting Northern Manhattan for new retail locations are not prominently highlighted in recent reports, the overall market trends suggest a conducive environment for retail expansion. Initiatives like the Storefront Resurgence Project and the FRESH program, along with the influx of first-time retailers and the commitment of luxury brands to Manhattan, indicate potential opportunities for retail growth in Northern Manhattan.​ Manhattan Chamber of Commerce +1 NYC Business +1 As a broker, staying engaged with these initiatives and monitoring emerging market trends will be crucial in identifying and attracting prospective corporate tenants to Northern Manhattan's retail spaces.​ ​Washington Heights is a neighborhood in Upper Manhattan, New York City, extending from 155th Street to 181st Street, bordered by the Hudson River to the west and the Harlem River to the east. ​ CityNeighborhoods.NYC The neighborhood encompasses a variety of streets and avenues, including:​ Numbered Streets: Ranging from West 155th Street to West 181st Street.​ CityNeighborhoods.NYC +1 Harlem One Stop +1 Avenues: Broadway Amsterdam Avenue Saint Nicholas Avenue Audubon Avenue Wadsworth Avenue Fort Washington Avenue Cabrini Boulevard Pinehurst Avenue Overlook Terrace Haven Avenue Additionally, there are several smaller streets and places, such as:​ Bennett Avenue Nagle Avenue Hillside Avenue Ellwood Street Sickles Street Thayer Street Sherman Avenue Dongan Place Henshaw Street Fairview Avenue Laurel Hill Terrace