Flatiron BID Releases Q2 2021 Market Snapshot
According to the recently released report by the Flatiron 23rd Street Partnership, office leasing activity in the 2nd quarter of 2021 mirrored the pre-pandemic volumes of the 1st quarter of 2020, volume increasing 33%, with technology companies were at the forefront of activity in the Flatiron and Nomad areas. The loosening of COVID-19 restrictions and the opening of some retail and cultural attractions are gradually bringing the return of pedestrian levels, which rose 37% quarter-over-quarter. Other key takeaways in the BID’s report indicated that among the 40 new ground retail leases signed between April and June, the majority were along Broadway between 25th and 31st Streets.