April 29, 2021
Flatiron & NoMad Real Estate Shapshot Newsletter
Dear Flatiron & NoMad business and real estate professionals,

Since 2006, the Flatiron/23rd Street Partnership has worked to enhance the reputation of Flatiron and NoMad as two of New York's most vital and exciting neighborhoods.
As part of our work, Partnership staff closely monitors and analyzes economic indicators, data, and trends for Flatiron and NoMad. Each quarter our team, led by Nicole Mandel and Kurt Cavanaugh, will package and send reports designed for you and your colleagues and we welcome feedback and collaborative ideas.
If you’re new to the neighborhood or the Partnership, welcome! Please check out our website and let us know how we can best serve as a resource for you and your business colleagues. 

As we all know, the ongoing impact of the pandemic on Manhattan business districts cannot be overstated, but we are encouraged by early signs of recovery in and around the neighborhood. Together, with you, we are positioned well to bounce back.
Signature for James Mettham
James Mettham
Executive Director 

PS. Feel free to sign up for our general community weekly newsletter here, or if a friend or colleague forwarded you this email, you can also sign up to receive this newsletter going forward. You can also follow on Facebook, Instagram and Twitter@FlatironNY

Q1 Economic Quarterly Report
The Partnership's Q1 2021 Quarterly Report provides an economic snapshot of the district from January through March 2021.
Top highlights include:

  • Flatiron & NoMad lead the Midtown South market for Q1 2021
  • 63% increase in commercial office leasing compared to Q4 2020
  • Beam Suntory and Freshly each secured nearly 100,000SF on Madison Avenue.
  • Ground floor leasing increased as new retail establishments, including The FRIENDS Experience, moved into prime locations along multiple corridors.
Pedestrian counts on the Flatiron Public Plazas are collected via three cameras that anonymously tally the number of people passing through. 

In Q1 2021, February's foot traffic dropped due to several snow storms and below average temperatures. As the quarter came to a close and spring weather approached, March foot traffic increased 45% from February.

The Partnership regularly updates and catalogs available ground floor retail space into an interactive neighborhood map.

This database is a one-stop showroom for available retail space in Flatiron & NoMad and receives daily site visits from prospective tenants.

Don't see your listing on the map? Please email nmandel@flatirondistrict.nyc or submit in the form below.
Monthly Neighborhood News Highlights
Image Credit: Harry Potter New York
The Partnership tracks major news in the district including new lease signing, commercial developments, and business openings.
This just in! Harry Potter New York will open its 935 Broadway retail experience store on June 3rd. The three-floor flagship in the heart of Flatiron will draw both domestic and international audiences.
Weigh in: Which of the following neighborhood
metrics would you find MOST useful?
This will help our team prioritize what data collection. Please select your #1 choice:
Retail Sales Tax & Revenue Data
Retail Leasing Data
Commercial Office Leasing Data
Building Permits & Development Data
Pedestrian Counts / Foot Traffic
Demographic Data (Residents & Workforce)
Stay Up To Date

Free WiFi
in the Flatiron Public Plazas & along 23rd Street
Courtesy of the Partnership and the School of Visual Arts
Flatiron/23rd Street Partnership | 212.741.2323 | info@flatirondistrict.nyc | FlatironDistrict.NYC
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