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Real Estate Snapshot

January 23, 2025

 

Q4 2024 Economic Report

The Q4 2024 Economic Report offers a snapshot of the economic health of our district; we discuss the state of our ground floor retail, major lease signings, and return to office rates.

Some Q4 2024 Economic Report highlights:

  • Office space absorption hit a 20+ year high in Q4
  • Flatiron NoMad total taxable sales surpassed $1 billion in 2024
  • A number of highly anticipated restaurants opened, including Aqua, La Tête D’Or, Time and Tide, and Clemente Bar
 
Read the Q4 Report

Interested in more district data? See our other reports.

 
 

Mayor Adams Begins Public Review on Midtown South Mixed-Use Plan

NYC Mayor Eric Adams and NYC Department of City Planning (DCP) Director and City Planning Commission (CPC) Chair Dan Garodnick announced the start of the public review process for the Midtown South Mixed-Use (MSMX) plan, a visionary proposal to foster vibrant, 24/7 mixed-use neighborhoods across 42 blocks of Midtown South.

“The launch of the public review process for the Midtown South Mixed-Use Plan marks a significant milestone in shaping the future of New York City’s built environment,” says James Mettham, President of Flatiron NoMad Partnership.

 
Press Release

Photo Credit: Midtown South Mixed-Use Plan

 
 

Opportunities & Notices

 

Winter Glow Returns to Flatiron & NoMad

Flatiron NoMad Partnership has launched its annual seasonal public program, Winter Glow, a celebration of light, art, and storytelling featuring two striking interactive art installations— “The Diamonds” by Perséides Studio and “Spectrum” by Mirari from QDSinternational.

“We’re thrilled to open and extend our annual Winter Glow event into January and February, featuring two innovative and interactive public art installations,” saysJames Mettham, President of the Flatiron NoMad Partnership.

 
Learn More

Photo Credit: Keith Morrison

 
 

Q4 Neighborhood News

Major features from Q4 highlight neighborhood lease signings, commercial developments, and business openings.

October News

November News

December News

 
Stay Up to Date

902 Broadway

 
 

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. Sign up to connect with us, promote your events, and offer deals to neighborhood locals and visitors.

 
Business Portal

Lupetto (1123 Broadway)

 
 

Our quarterly Flatiron & NoMad economic snapshot is generously sponsored by Williams Equities

 
 

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