Time Out Food Hall Sets Opening Date
Check out the new Time Out food hall when it opens at 14th. St east of the park on September 26. Will a new food hall succeed in a location where the previous food hall failed? We’ll see.
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.
Our students have moved into the dormitory which is on the top eight floors with its own entrance. The first day of classes was August 26th and a new semester is now underway. It is anticipated that the academic portion of the building (first eight floors) will be completed in time for this year’s second semester. We will keep you posted. Some of you can see our green roof which is also an exciting addition.
Next week (September 9 to September 13), material and equipment deliveries and installation work will continue on the academic floors inside the building.
The following week (September 16 to September 20), material and equipment deliveries and installation work will continue on academic floors.
If you’d like to attend the Union Square Partnership’s Annual Meeting on May 7th, click here.
Union Square will host its first-ever Night Market by Urbanspace. Union Square is no stranger to Urbanspace, as the company is responsible for putting on the park’s beloved annual Holiday Market. However, this will be the first time Urbanspace will operate an open-air food market during summer nights.
The Union Square Night Market will run for four Thursdays, starting July 11th. More than 20 vendors will come together to bring New Yorkers some of the best bites in the city. It will all take place along the South Plaza of Union Square Park.
So whether you’re interested in grabbing something to eat on your summer commute home or planning a date night, the Union Square Night Market will serve as the perfect venue for either!