New to the Hood: Cigarville
For all your cigar-smoking needs, Cigarville, on the north side of 14th Street between 5th and 6th Avenues.
Union Square is bustling, with robust foot traffic recovery, a strong roster of new retail and office tenants, and new mixed-use residential developments in the pipeline.
Key data points from the last 12 months highlight the district’s strengths:
1.1M SF of office
space leased in the
last 12 months
58K+ average daily
riders at Union Square
-14th Street Station
13% higher visitor
activity on Greenmarket
days in USQ
370K average daily
weekday trips to the
Union Square area
78K+ SF of ground floor
retail space leased in
the last 12 months
Visitor traffic reached
a high of 109% recovery
over January 2020
DISTRICT TRENDS
USQ IS THRIVING
∫ Union Square’s residents have strong spending power,
with average household incomes nearly 75% higher than the
Manhattan average.
∫ By the end of 2023, visitor traffic hit 109% of January 2020
levels, driven by Union Square’s vibrant mix of uses and the
steady return of office workers.
∫ Leading employers choose Union Square, and the biggest
new leases represent finance, technology, hospitality, and
fin-tech.
∫ Union Square grew as a job center, with its workforce
increasing by 12% since 2023 to reach 168K employees.
The tech and innovation sector remains strong, with over 45
companies located in the area.
∫ 43 new businesses opened in the past year, 60% of which
are food and beverage establishments. Indicating a return to
in-person dining, the number of new sit-down restaurants in
the district increased by 25% over the number that opened in
the previous year.
We may or may not technically live in Greenwich Village, but here are some fun stats anyway:
Though it’s known as a hotbed of diversity, Greenwich Village is really quite homogeneous according to a new New York University-commissioned study by Appleseed, an economic analysis firm. Some highlights from The Economy of Greenwich Village: A Profile:
** The population of the Village last year was 72,025, virtually unchanged since 1990.
** Children under 18 comprise only 9.2 percent of the population, compared to almost 23 percent citywide. But between 2000 and 2009, the number of children under age 5 grew by 48 percent.
** Working age people (25-64 years) account for 69 percent of the Village population.
** Almost 80 percent of Village residents are white folks, 9.3 percent Asian, 6.2 percent Latino, 3 percent mixed race and 2.2 percent black.
** Village people have a median household income of just over $100,000 a year, more than double that of the rest of the city.
** 82.4 percent of Village residents have college degrees, beating even Cambridge (71.4 percent) and Palo Alto (78.7 percent).
** Ten percent of Village peeps work in the arts, recreation and hospitality industries compared to a whopping 18 percent in finance, insurance and real estate.
** Universities and colleges employ 10,350 people in the Village and their plans to expand are expected to stimulate growth in the local economy.
Simo Pizza is scheduled to arrive on University Place in the former home of Argo Tea (and before that, good ol’ Dean and DeLuca) sometime in the fall. They already have a branch in the Meatpacking District, and the pizza looks good…and affordable.
Sunday, June 7, 2009
2:00 p.m. – 4:00 p.m.
Laughter in the Park is New York’s only free outdoor comedy series. Every week, we present two hours of comedy at one of six different city parks. NYLaughs, Inc. is a unique non-profit that wants to change the cultural landscape of the Big Apple through humor. We seek to elevate the comic arts and provide laughter for free to New Yorkers on a consistent basis by producing free live comedy shows in New York City’s public spaces; from its parks and streets to its subways. We want to make New York a better place through laughter!