Flatiron BID Releases Q1 2022 Quarterly Market Snapshot
According to the report released by the Flatiron 23rd Street Partnership, office leasing volume in the Flatiron and NoMad districts doubled quarter-over-quarter, marking the first quarterly lowering of the overall availability rate since before the pandemic. Retail and restaurant activity brought the opening of 30 ground floor businesses or signed leases, of which 60% were food and beverage establishments. Foot traffic through Flatiron Public Plazas rose nearly 76% year-over-year but remained about 16% below the 54,032 pedestrian count in Q1 2020.