TheQ3 2021 Market Report provides an economic snapshot of the district from July through September 2021. Flatiron & NoMad’s commercial availability rates stabilized at 22% and sublet space decreased for the first time this year. 67 new commercial office leases were signed totaling 477,000 SF which mirrors pre-pandemic levels for the second consecutive quarter. 30% of full-time employees returned to the office at quarter’s end, a 22% increase from August.
This quarter also welcomed changes to Broadway’s public realm. In addition to new businesses opening along the corridor, the Flatiron Slow Street(Broadway from 21st – 23rd Streets) expands pedestrian space and calms traffic through the heart of the neighborhood and the Partnership’s NoMad Piazza Pop-Up(Broadway from 25th – 27th Streets) removed vehicular traffic to provide a new public space.