A Tale of Two Retail Neighborhoods

The Real Estate Board of New York (REBNY) conducted an analysis comparing the local business environments of Manhattan’s Community Board 2 in the West Village and Community Board 4 in Hell's Kitchen. The report found that the West Village retail vacancy rate is more than twice as high as in Hell’s Kitchen. The vacancy is 11.3 percent in three major West Village retail corridors comprising 284 storefronts, compared to 5 percent on the Hell’s Kitchen retail corridor of Ninth Avenue with 262 total stores.