March 12, 2026
Hudson Square Storefront Report: 10-Year Trends in Retail and Vacancy
Hudson Square continues to evolve as one of Manhattan’s most dynamic mixed-use neighborhoods. The Hudson Square Storefront Report examines how storefront inventory, occupancy, and retail activity have changed across the district over the past decade.
Based on detailed field surveys conducted throughout the Hudson Square BID area, the report analyzes trends in storefront supply, vacancy, and retail mix from 2013 through 2025. It also highlights how public realm investments, new development, and shifting consumer patterns have shaped the neighborhood’s ground-floor economy.
Districtwide vacancy dropped from 26.9% in 2023 to 22.4% in 2025, a meaningful signal that demand is catching up with a decade of new storefront supply. Hudson Street offers a compelling case for the connection between public realm investment and retail performance. The west side of Hudson Street has gone from a 30.8% vacancy rate to just 6.3% over the past decade, as a result of roughly $13 million in BID-led streetscape improvements, including wider sidewalks and custom seating. Findings show that the district’s retail mix has shifted, too, with food and beverage remaining the backbone of street-level activity while personal and medical services have nearly doubled their share over the past decade.
Together, the report provides a detailed look at how Hudson Square’s ground-floor economy is changing, and where opportunities exist to support a vibrant, active streetscape in the years ahead.
Read the full report:
HSBID Storefront Report 2025
PRESS:
- Crain’s New York Business: Hudson Street storefront vacancies plunge following $13M streetscape revamp
- New York Business Journal: Hudson Square’s retail vacancy drops
