We are continually working to improve the retail mix along Myrtle Avenue to better serve the neighborhood by providing assistance to existing avenue merchants, actively working with entrepreneurs to find retail space on the avenue, and recruiting a few established area businesses to open new locations in the neighborhood.
Myrtle Avenue is Ideal for New Businesses
Over the past two decades, the Myrtle Avenue commercial district in Fort Greene and Clinton Hill has seen a tremendous renaissance. Vacant storefronts – which used to make-up 20% of the Avenue – are now few in number, with typically only 5-8% of storefronts available for lease.
More than a hundred new businesses have chosen to open their doors on Myrtle Avenue in the past decade because the area’s business climate is thriving. More local residents, college students and workers from local job centers like the Brooklyn Navy Yard are spending their money at Myrtle Avenue businesses like never before. View the It’s On Myrtle report to learn more about the area’s assets and how your business can grow on Myrtle Avenue.
How We Can Help You Open Your Business
If you’re looking to open a business on Myrtle Avenue, we are here to help! As the local experts working with businesses and property owners for the past 17 years, we can share information with you about the neighborhood and doing business on Myrtle Avenue. Before signing a lease, we are available to help you:
- Find available commercial spaces by connecting you with property owners and brokers
- Share data from our recent District Retail Assessment and Consumer Satisfaction Survey, which found the types of businesses that are most in demand by Myrtle Avenue consumers
- Provide data on the local real estate market, including average rent prices on Myrtle Avenue
- Discuss availability of grants to help with storefront improvements or renovation work
- Gather information on new construction activities or other local business news that may affect your business plans
Click here to view a list of available storefronts.
A History of Success
In 1999, our business attraction began efforts by using very fundamental tactics such as cold calling and letter writing to attract newer businesses to the Myrtle Avenue retail corridor. In 2002, only 3 years after the organization’s inception, positive movement was noticeable in the district’s commercial vacancy rate, even resulting in the City’s recognition of the organization’s business attraction efforts through a Neighborhood Achievement Award for its “Rolling Up the Gates” program, a full day where property owners and/or brokers show vacant commercial spaces to potential tenants. Since beginning our work on Myrtle Avenue, we’ve seen the commercial vacancy rate drop from over 20% down to 5%.