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Soho

Soho
New York, NY 10002
Soho
Soho is one of Manhattans archetypal 20th century gentrification stories. As has been well documented, the neighborhood which stretches south of Houston Street to Canal Street and is bounded by West Broadway to the west and Lafayette Street to the east went from being a haven for artists in the 1960s and 1970s to one of the citys priciest neighborhoods, where loft spaces were particularly prized. At the end of 2004, The Real Deal reported that the average price of an apartment in Soho had reached $1.56 million, up from $417,000 a decade earlier. By 2006, the neighborhood, along with Tribeca, had the highest average rents in the city. Owing to zoning and landmark restrictions, there wasnt a great deal of new development in Soho during the condo boom of mid-2000s. One of the most notable and controversial projects was the 46-story Trump Soho, a condo-hotel where prices eclipsed $8.7 million as early as summer of 2011. The neighborhood has also become known for its many retail offerings: On Broadway, large retailers such as H&M and Aldo have increasingly occupied storefronts, while on side streets many high-end independent boutiques have set up shop. -GB
  • Address Soho
  • neighborhood Soho
  • borough Manhattan

miki-solo-by-chris-martin-575 copy
09/20/16
UPDATED, 5:48 p.m., Sept. 20: The Naftali Group tapped David Hochfelder, a former senior executive at RFR Holding, to lead its acquisitions team. The hire...

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09/20/16
With Chinese investment in U.S. real estate continuing at an accelerated rate, The Real Deal is heading back to China this November for our second Shanghai...

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09/20/16
...to one another. Google is in Chelsea; IBM is in Soho; Facebook is in Greenwich Village; Etsy is in Dumbo. Certain...

09/13/16
With Chinese investment in U.S. real estate continuing at an accelerated rate, The Real Deal is heading back to China this November for our second-ever...

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09/13/16
The real estate arm of ASB Capital Management is looking for buyers for its nearly 190,000-square-foot Madison Avenue office building in Midtown, sources told The...

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09/08/16
With fewer and fewer buyers willing to fork out tens of millions for New York apartments, developers are searching the world over for materials no...

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09/07/16
Penguin Random House is opening a new chapter in Midtown, inking a lease extension for 603,650 square feet at SL Green Realty and Ivanhoe Cambridge’s...

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09/06/16
...Side, Time Warner Center at 10 Columbus Circle, 118 Greene Street in Soho, and the Park Lane Hotel at 36 Central Park South The...

09/06/16
...are getting desperate for sales 2. Thor in contract to buy Soho’s James hotel for $70M: sources 3. Who's jumping ship? 4. Waldorf...

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09/02/16
...The James New York hotel at 27 Grand Street in Soho, Joseph Sitt and the rooftop bar Jimmy (credit: The James...

1412 refi
08/31/16
Isaac Chetrit and Charles Aini scored a $160 million refinancing from Wells Fargo Bank for their 24-story Garment District office building at 1412 Broadway, sources...

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08/30/16
...proud owner of three adjacent townhouses on Sullivan Street in Soho in exchange for his stake in the neighboring condominium development...

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08/26/16
...new loans to refinance a newly developed retail building in Soho. (more&hellip...

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08/26/16
...nixed Gawker founder Nick Denton's bid to rent out his Soho loft for $12,500 a month. What gives? The annual income wouldn't...

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08/25/16
The Qatar Investment Authority’s acquisition of a 9.9-percent stake in Empire State Realty Trust, announced Wednesday, is an unusual move for a sovereign wealth fund. But...

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08/23/16
News of Chinese investment in U.S. real estate continues to roll in this week, with highlights including Xinyuan Real Estate’s $66 million purchase of a Flushing development site,...

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08/22/16
...much it would cost to house six (living) people in Soho...

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08/22/16
Gawker Media founder Nick Denton found a tenant for his 76 Crosby Street digs, but needs a bankruptcy judge to approve the lease. And fast....

Kanye West performing on the Yeezus Tour in 2013 and the Supermarket in Tribeca (photo credit: Peter Hutchins via Wiki Commons)
08/20/16
On Friday, mobs of shoppers swarmed a Tribeca pop-up shop, desperate to get their hands on some rare Kanye West merchandise. Many told the New...

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08/16/16
...office for new digs at Tishman Speyer's 375 Hudson Street in Soho. (more&hellip...

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08/16/16
...A coworking space and SOHO China's Zhang Xin Call it the WeWork effect. China's largest...

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08/15/16
...Larry Gluck and rendering of One Soho Square Larry Gluck's Stellar Management has bought out former partner...

Shanghai-panelists-feature
08/15/16
News of Chinese investment in U.S. real estate continues to roll in this week, with highlights including Xinyuan Real Estate’s $66 million purchase of a Flushing development site,...

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08/15/16
...Rendering of One Soho Square (credit: Neoscape) A tech firm is taking 32,000 square feet...

Shanghai-panelists-feature
08/12/16
The Real Deal is gearing up for our biggest South Florida Real Estate Showcase & Forum ever — so big we had to book a larger venue to keep...
To see all, go to Advanced Search

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Residential condo development is the riskiest sector within the risky business of real estate. Evidence for that is found in both the outsized returns builders...

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After two years of decline, the city’s retail market is experiencing a sudden burst of activity. Retail tenants with an eye for a deal are...

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05/20/16
From the May issue: Retail leasing picked up last month in prime parts of Manhattan but still remains below the monthly average for the last...

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The total amount of available ground-floor retail space along Madison Avenue has been growing in recent months, insiders said. “There are a lot of vacancies...

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01/26/16
The top 25 office tenants in Manhattan take up more than 56 million square feet of space, and JPMorgan Chase occupies more of it than any...

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Hindsight is a precious thing, but foresight may be easier on the bottom line. In the wake of the 2008 financial crisis, it was easy...

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09/22/15
From the September issue: Retail tenants avoided the city’s priciest stretches in the past six months, instead striking deals in up-and-coming areas. Meanwhile, office leasing...

Nearly a third of the properties in the New Jersey town of Deal are owned by New York City real estate families. Source: Deal Borough property records.
It’s not news in this industry that the tiny Jersey Shore hamlet of Deal is a magnet for Syrian Jewish real estate moguls. But just...

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07/21/15
Gary Barnett’s plans for 250 South Street may have gone through several revisions, but one thing is for sure – the Two Bridges/Chinatown development is the...

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07/07/15
From affordable housing to skyscraper megaprojects, Queens nabbed the spotlight for the majority of large residential projects filed in June with the Department of Buildings....

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In the high-stakes world of Manhattan real estate, agents tend to fall into two camps — those brokering sales in glitzy new condo buildings and...

office-sharing
In New York City’s shared-office world, there is WeWork and Regus, and then there is everybody else. That’s according to The Real Deal’s ranking this...

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They’ve brokered billions of dollars in deals, broken records, and launched companies. And they’ve all done it all in a cutthroat and unforgiving industry that’s...

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For more than two decades, China’s most populated city, Shanghai, has experienced a building frenzy unlike any other: Developers have built office buildings in the...

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With Upper Fifth Avenue snatching back from Hong Kong’s Causeway Bay the title as the world’s most expensive retail district, aggressive bets made in Manhattan...

Midtown Manhattan
Newmark Knight Grubb Frank’s Paul Ippolito recently spent time touring properties with a technology company on the hunt for Manhattan office space. He showed the...

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It’s no secret that prices for both luxury condos and development sites are surging in Manhattan. Land prices in Manhattan’s most popular neighborhoods have doubled...

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The crush of tourists — often standing five deep at crosswalks in Times Square, Herald Square and on Fifth Avenue — may be frustrating to...

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The strength of the Manhattan luxury market is continuing to buoy some of the city’s largest and most established firms, The Real Deal’s annual ranking...

Top Residential Firms May 2013
Against the backdrop of Manhattan’s severe inventory shortage, the borough’s largest firms are working to leverage a new crop of condos and high prices in...

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The recent sale of a hulking, three-block-long office building straddling the border of Soho and the Meatpacking District may provide relief to tenants priced out...

Biggest Deals
Click to enlarge Typically, investment sales deals are ranked by the sale price, but that emphasis hides the figure that real estate players truly care about...

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The robust growth of Internet companies in Manhattan has spurred a feeding frenzy of pitching, cold-calling and client poaching among brokers hoping to profit from...

Hotels
Roosevelt Hotel Hotel owners may award 2012 five stars. That’s because in the last year, Manhattan’s hospitality market has posted huge gains as tourists continued...

meatpacking
A view of the Meatpacking District, which, despite seeing an increase in foot traffic because of the High Line, has seen retail rents remain soft....
To see all, go to Advanced Search

Market Reports
Asking retail rents are up year-over-year in 11 retail submarkets, while six areas saw a decrease in rents. Soho, where rent averages $556 per square...

Cushman & Wakefield
Foreign brands made up 39 percent of retail stores in Soho, and along Fifth and Madison avenues. Soho tops the list as the most diverse...

ABS Partners
Brookfield Place’s reopening in the later half of March 2015 brought over 250,000 square feet of new retail space to Lower Manhattan. Notable retail leases signed in...

MNS
Rent prices in Manhattan were up 2.4 percent in January, compared to the previous month, according to a monthly report from MNS. The average cost for a...

REBNY-Retail-Spring-2014
“Manhattan’s retail leasing market remained vibrant through the first quarter of 2014. Strong interest in prime corridors and the repositioning of other corridors resulted in strong market conditions....

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“The leasing market for Manhattan retail space has maintained its strength, bolstered by strong demand and additional retail spaces coming on the market in new mixed use developments....
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