Retail vacancies abound in Dumbo

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Fifteen of the 125 retail spaces in Dumbo are vacant, according to a report by the Creative Real Estate Group cited in the Brooklyn Eagle. Nine of the vacant retail spaces were at least 3,000 square feet, and the total amount of free space is 48,250 square feet. Two Trees Management has three vacant retail spaces totaling 12,200 square feet. Dumbo, dubbed “Silicon Beach” for its concentration of tech companies, has little trouble attracting retailers to smaller spaces. Accordingly Two Trees’ most coveted retail space is just 700 square feet at 20 Jay St. In March, Two Trees rented out an 857-square-foot space in Dumbo free of charge to Edible Schoolyard NYC, a non-profit healthy living and eating organization. [Brooklyn Eagle]