DOWNTOWN ALLIANCE SURVEY REVEALS SIGNIFICANT RETAIL OPPORTUNITY IN LOWER MANHATTAN

03/25/2011
DOWNTOWN ALLIANCE SURVEY REVEALS SIGNIFICANT RETAIL OPPORTUNITY IN LOWER MANHATTAN

The Alliance for Downtown New York, the city’s largest Business Improvement District, has released results from a new residential survey that reveal enormous buying power in Lower Manhattan and a significant opportunity for retailers.

Lower Manhattan — long recognized as a premier business district address and tourist destination — has continued its transformation into a thriving, mixed-use neighborhood whose residents increasingly are putting down roots. According to information from the survey – available by clicking here – the average and median household incomes of Lower Manhattan residents are very high at $188,000 and $143,000 respectively.