The Retail Leasing Guide

Most retail leasing doesn't start with posting a vacancy online. It starts with understanding the space, the block, the customer, and the tenants that actually have a reason to be there.

Start With a 153-Point Site Survey

Square footage and prior tenant are not enough. Before marketing a space, you need to know what it can actually become. We use a 153-point site survey before taking a retail vacancy to market.

Physical Specs

Ceiling heights, frontage, column layout, and lower-level usability shape the entire tenant universe.

Power & Venting

Determines whether food, fitness, salon, medical, or higher-load uses are realistic.

Signage & Visibility

Frontage tells a retailer how much display power, branding, and street presence the space has.

Access & Mechanicals

ADA access, bathroom count, and mechanical conditions all affect what categories can operate.

Study the Block, Not Just the Address

Retail is not only about the four walls. A strong leasing strategy examines what's happening around the space.

The real question is not just who lives nearby. It is who actually passes the storefront, what they spend money on, and which tenants want that customer.

Spending Data

Credit card spending patterns reveal what categories the local customer already supports.

Pedestrian Traffic

How many people walk by, where they come from, and where they go next.

Traffic Drivers

Is demand driven by residents, workers, tourists, students, commuters, or destination shoppers?

Identify Best-Fit Tenant Categories

You’ve already studied the space and the customer walking past it.

The next step is not “let’s see who calls.” It is identifying the top 3–4 tenant categories that have the strongest reason to be there.

That means asking three simple questions: what can physically operate here, what does the block already support, and what can afford the rent? Ceiling height, power, frontage, layout, venting, co-tenancy, spending patterns, buildout cost, and tenant margins all matter.

The goal is not to place the first tenant who calls about the space.

It is to place the tenant category where the storefront, the customer, and the business model actually line up.

Build the Tenant Target List

Once the best-fit categories are clear, the next step is not waiting for inbound leads. It is building a list of tenants that already have a reason to consider the space.

Build the Argument

A good tenant thesis connects the space, the customer, and the industry. A landlord should know why we're targeting a category. A tenant should know why the location belongs on their expansion list.

Expansion Signals to Target

  • Recent new store openings in comparable markets
  • Hiring for real estate or growth roles
  • Social media demand from customers
  • No nearby location despite clear customer overlap
  • Format that matches available square footage

Proactive Outreach That Actually Works

The message should never be generic. Each outreach should explain exactly why this tenant belongs in this space.

1

The Property

Physical specs define the opportunity.

2

The Block

Data defines the customer.

3

The Categories

Strategy defines the fit.

4

The Outreach

Evidence drives the deal.

What this sounds like to a tenant:

"You are already succeeding in similar markets. Your customer base overlaps with this block. Your brand has demand here."

Need Help With a Storefront?

If you're a Lower Manhattan retail landlord, we can help you evaluate your space end-to-end. The right tenant isn't always the one who calls first — it's the one that actually fits.

Site Survey

Spending Data

Foot Traffic

Tenant Targets

Outreach Strategy

Contact Us Today

We'll walk the space within 48 hours and tell you exactly which tenant categories fit. No obligation, no generic pitch deck.

Rova Real Estate

212.470.1632

101 6th Ave
Floor 9 — Suite C
New York, NY 10013

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