Chain Stores up 19% on the Lower East Side Last Year

Posted on: January 25th, 2019 at 5:07 am by

The pandemic of chain stores around Manhattan might be in somewhat of a containment stage, but not so much on the Lower East Side.

Center for Urban Future last week released the annual “State of the Chains 2018” report [PDF], which tracks stats borough-wide. On a macro level, the news appears promising, with a .3% decrease in chain retailers across the city. This is reportedly the first year-over-year drop since the group began crunching numbers a decade ago.

Manhattan chain retail declined 2.3% (loss of 67 locations), yet is still the most overrun borough with 122 locations per square-mile.

(Data is broken down by zip code.)

“The support residents show for local, independent, home-grown businesses is part of the reason our neighborhoods have trended towards less formula retail chain stores,” the report states.

In Chinatown/Lower East Side (10002), though, the trend is opposite. Formula retail increased 19% with eight stores added, bringing the total neighborhood count to 51.

Dunkin Donuts remains the leading chain retailer in the Five Boroughs for the tenth year running, gaining 12 additional locations for a citywide tally of 624.

State of Chains 2018 by on Scribd

Recent Stories

The ‘New Stand’ is Finally Ready to Take the Bowery

June 2017 It’s been almost three years since Patricia Field retired her Bowery fashion boutique and quietly relocated to Seward Park. While a replacement was ultimately found a year thereafter, mum has largely been the narrative at 306 Bowery. Until now. The so-called New Stand, which inked a ten-year deal on the 6,700 square-foot retail […]

‘Esther & Carol’ Goes Dark After Less than 2 Years on the Bowery

Esther & Carol had lofty goals for the southwest corner of Bowery and Broome. Barely two years after opening, the restaurant is now dark. Esther & Carol occupied a large swath of the Sohotel corner (the former Bacchanal), and was split in thirds – full service dining room, casual takeout window, and basement lounge with […]

Icon Terminates Seward Park Garage Lease 3 Years After Parking Privatization

Three years after the parking garage privatization pitted Seward Park co-op members against the board, the operator is out. Icon/Quik Park tendered its termination over the holiday weekend, and will pull out of the garage at the end of this month. Charles H. Greenthal & Co. management circulated a letter to tenants announcing the news […]

Cajun Quietly Comes to Hell Square with ‘Parish NYC’

Out of nowhere, this new Cajun spot for Hell Square. Parish debuted last month at 146 Orchard Street. The arrival of Parish (the word for “county” in Louisiana) comes on the heels of Butcher Bar, the Astoria-based barbecue bar that shuttered back in September after little more than a year. According to its mission statement […]

NYC Half Marathon Foists Thousands of Runners onto the Lower East Side Next Month

On your mark, get set … for thousands of marathoners on the proverbial doorstep. The New York City Half Marathon is less than a month out, and for the second year running, the Lower East Side is in the crosshairs. The race route shifted last year to include spanning the Manhattan Bridge, Canal Street, and […]