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
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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
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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.
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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, 2nd and 3rd 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
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Flatiron & NoMad’s Retail Opportunities Map receives daily site visits from prospective tenants.
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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)
April News
May News
June News
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Hotel AKA NoMad (131 Madison Avenue)
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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.
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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
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Get The Latest Info in Flatiron & NoMad: | |
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