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Real Estate Snapshot

July 27, 2023

Economic Report (Q2) Flatiron and NoMad

Check out our Q2 Economic Report to learn why Flatiron and NoMad remain ahead of the recovery curve due to their mix of uses and experiences.

Read about the transformation of Broadway (25th – 32nd Street) via DOT’s Broadway Vision program and how the new streetscape is positively impacting the local economy in NoMad, making it a NYC hotspot for dining and hospitality.

Other Q2 report highlights:

Dozens of new businesses have opened since 2022 with vacancies below 10%
Residential population has grown 7-10% since 2019
Five new hotels opened since 2022

Read the Q2 Report

Interested in more economic data? See our other reports.

Download Q2 2023 Economic Report

Mobility Report (Q2) Flatiron and NoMad

Neighborhood-wide foot traffic and 2019 recovery rates have stabilized since Q4 2022
Flatiron and NoMad’s weekly visit trends distribution curve is flattening as weekend visitation increases
Foot traffic along Broadway (25th – 31st) outpaced 2019 levels
In June, the busiest day of the week was Thursday

Q2 Mobility Report

Interested in more data? See our other reports.

Download Q2 2023 Mobility Report

NYC Program Opportunities & Notices

M-CORE Office Revitalization Program

Are you a commercial office property owner or manager? You may be eligible for a range of substantial tax benefits to support transformative renovations of your office building.

For more details on eligibility and program offerings, please visit our Manhattan Commercial Revitalization (M-CORE) Guide.

DEADLINE: AUGUST 1, 2023

Pre-Application Link

NYCEDC: M-CORE Website

Questions: MCORE@edc.nyc or Nicole Mandel, Economic Development & Research Manager (nmandel@flatironnomad.nyc)

DSNY – Trash Containerization

The NYC Department of Sanitation (DSNY) is implementing new rules to send rats packing.

Beginning August 1st, food-related businesses must use rigid containers with secure lids when setting out trash for collection (excluding recyclables) one hour before closing OR after 8 pm.

For more program details and DSNY info sessions, please visit our DSNY Trash Containerization Guide, and make sure you’re in compliance by clicking through to the DSNY website for complete details.

Questions? Please contact Nicole Mandel, Economic Development & Research Manager, at nmandel@flatironnomad.nyc

Business Development Opportunities

Are you a property owner, manager, or broker? Please review opportunities below and reach out to nmandel@flatironnomad.nyc with questions. Current opportunities include the following:

1) LARGE Clothing Retailer — Office HQ & Retail Space

30,000 – 60,000 SF
~$40/SF
300 employees
Move-in Timeframe: Labor Day
Retail space: open to possibilities

2) Concert Venue — Retail (creative ideas welcome)

80,000 SF – 100,000 SF (40,000 SF floors plates)
Ceiling Height: 26’
Column-free Depth 35’ and Width 70’ (large cut out from main level up to mezzanine will work)
Looking to likely open up/cut out the floor slab above the main floor space as needed to create a mezzanine
Basement, Ground, 2^ndand 3^rd floors preferable given entrance and egress
Private loading dock
Minimal columns

3) Misc. Short Term Retail Lease Flexibility

Brands frequently inquire with requests for ground floor retail spaces that welcomes short term installations (1-4 weeks / 1-3 months / 3-6 months). If you own or represent a space that may be a potential fit, please let us know. We are creating a reference document to share with future brand inquiries and want to ensure your property is considered.
Interested? Please email property features and details to nmandel@flatironnomad.nyc

RETAIL OPPORTUNITIES

Interested in leasing retail space in Flatiron & NoMad? Visit our interactive neighborhood map which serves as a database and one-stop showroom for available spaces.

Don’t see your listing on the map? Please email nmandel@flatironnomad.nyc.

Retail Opportunities Map

Flatiron & NoMad’s Retail Opportunities Map receives daily site visits from prospective tenants.

Neighborhood News

Major features highlight neighborhood lease signings, commercial developments, and business openings.

In May, Hotel AKA NoMad opened at 131 Madison Avenue.

In June, Major Adams & DOT Commissioner Rodriguez celebrated Broadway Vision from 25th to 32nd Streets in NoMad (NYC.gov)

Hotel AKA NoMad (131 Madison Avenue)

Explore our Business-Owner Portal

We’re a local business resource. We’re here to amplify your message, connect you with other entrepreneurs, and showcase your business on our digital channels and IRL (in real life!). Sign up to connect with us, promote your events, and offer deals to neighborhood locals and visitors.

Business Portal

Support our Economic Development Tools & Data

CURRENT SPONSORSHIP OPPORTUNITIES:

Quarterly Real Estate Snapshot Newsletter
Retail Space Webpage
Pedestrian Count Cameras & Reporting

Please contact Megan Garcia, Vice President of Marketing & Outreach/Chief of Staff (mgarcia@flatironnomad.nyc), for package details, custom opportunities, and pricing.

Sponsorship packages start at $5,000

Sponsorship Deck

Get The Latest Info in Flatiron & NoMad:

flatironnomad.nyc