44 Union Square — Lease in New York, NY

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: New York, NY 10003
  • Size: 43,106 SF

Description

44 Union Square offers over 43,100 rsf of light-filled space across four floors. Perfect for a multitude of specialty uses including retail, co-working, office, museum, gallery, wellness and fitness center, medical, event space, schools and so much more. Situated at the corner of East 17th Street and Union Square East - the center of New York City’s most vibrant neighborhood. Soaring views beneath a three-story glass and steel dome. Directly in front of Union Square Park, the Union Square subway station and the W Hotel. Anchored by Petco’s expansive new 30,000-sf mega-store.

Market Context

This retail in New York, NY is listed for lease across 43,106 SF. It has been on the market for 54 days. Compare it against other retail listings for lease in New York, NY — view the full market.

As of Q1 2026, the New York City Area retail market showed a 4.2% vacancy rate, average asking rents near $54.00/SF/yr, and cap rates around 6.2%.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in New York City Area?
About 6.2% as of Q1 2026.
Is the New York City Area retail market tightening or softening?
Vacancy is around 4.2% (Q1 2026).

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