729 Second Avenue — Lease in New York, NY

• Price: Contact for price
• Listing type: For lease
• Asset type: Retail Business
• Location: New York, NY 10017

Description

Conveniently located between the residential neighborhood of Murray Hill and the corporate corridor of Midtown East, the site boasts central access to all major transportation, large office towers and many popular restaurants and retailers.

Market Context

This retail in New York, NY is listed for lease. It has been on the market for 55 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.

$3.91/SF/mo – $5.29/SF/mo

Mid: $4.60/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Contact

• Jeffrey Roseman · 1212372-2430 · jeffrey.roseman@nmrk.com
• Jeffrey Roseman · 1212372-2430 · jeffrey.roseman@nmrk.com
• Jeremy Tucker · 1212916-3371 · jeremy.tucker@ngkf.com
• Julia Singer · 1212655-1019 · julia.singer@nmrk.com

Explore this market

• Retail listings
• Retail for Lease in New York
• Retail for Lease in New York, NY
• Commercial real estate in New York, NY
• New York commercial real estate
• Commercial property estimator

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