We'll confess to not having a great grasp of retail rents around the borough, but, with the economy tanking, we are increasingly interested to see how stores, and the cost of renting them, react. A friend of ours in Boerum Hill recently commented to us that he'd noticed a handful of stores for rent on Hoyt Street across from the Gowanus Houses and, perhaps overly-optimistically, noted that he thought the stretch might be ready for an upgrade in retail offerings. One of the spots currently for rent is the former Abreu Grocery at 244 Hoyt Street; the monthly asking rent for the 950-square-foot space is $3,000. Do any locals share this optimism? Ideas for businesses that could work?
244 Hoyt Street [Rapid Realty] GMAP
Photo by Kate Leonova for PropertyShark
