NYC pet shop real estate in demand

New York /
Dec.December 08, 2009 05:56 PM

Apparently everyone in the retail real estate food chain — from customers to landlords — is a sucker for four legs and a wagging tail. New York City pet stores are surviving the financial downturn thanks to pet owners unwilling to scrimp when it comes to their pooches, and landlords who are more amenable to negotiations with canine-catering tenants, the New York Times reported. In fact, many pet stores are even expanding operations, despite the overall dismal environs for the retail real estate market. One Tribeca pet shop, Spot, which just signed a 10-year lease for 5,000 square feet at 145 West 20th Street between Sixth and Seventh avenues, said that it plans to open an Upper West Side outpost. The pet-related business is so vivacious that some brokers, including Victor Menkin, founder and president of Menkin Realty Services, report a noticeable uptick in demand for space from pet shop owners. “The fact that this niche is continuing to show strength in times of strife is a real statement about the importance of pets to people,” Menkin said.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
HFZ looks to sell Shore Club South Beach hotel

HFZ looks to sell Shore Club South Beach hotel

HFZ looks to sell Shore Club South Beach hotel
A rendering of the Staten Island Wheel (Rendering via Perkins Eastman)

Developer of the failed New York Wheel sues its contractor … again

Developer of the failed New York Wheel sues its contractor … again
The home improvement retailer will stay in it's Flatiron location (Google Maps)

Home Depot extends lease for Flatiron store

Home Depot extends lease for Flatiron store
Arthur Miller and Marilyn Monroe with 64 Deep Lane (Getty, Realtor)

Windmill house once rented by Marilyn Monroe and Arthur Miller asks $12M

Windmill house once rented by Marilyn Monroe and Arthur Miller asks $12M
51 Hawkins Lane in Brookhaven (Photo via Google Maps)

Police break up 400-person party in Brookhaven

Police break up 400-person party in Brookhaven
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...