Lower Manhattan’s Expanding Dining Scene Taps the Young Professional Market ice
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Restaurants and bars are flocking to feed the growing presence of young professionals living and working in Lower Manhattan. St St y
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Opened Within the Past Year - Fuku and Milk Bar - The Mailroom - Mr. Cannon speakeasy - Westville - 11 Hanover Greek - Broadstone Bar & Kitchen - Sauce & Barrel - Schilling - Treadwell Park - Hole in the Wall Coffee - Lenita - The Wooly Public - Latin Social - Kesté Pizzeria - City Acres Market - Épicerie Boulud - Harry & Ida’s Luncheonette - Clinton Hall - iPic Theater and The Tuck Room
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Coming Soon & Announced - Hawksmoor at 3 World Trade Center - Daniel Humm at 3 World Trade Center - Danny Meyer’s restaurant at 28 Liberty Street - Jean-Georges Vongerichten at Pier 17 - David Chang at Pier 17 - Sant Ambroeus at Brookfield Place - James Kent in talks at 70 Pine Street
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Fine Dining & Special Occasion Opened Within the Past Year - Tom Colicchio’s Temple Court - Keith McNally’s Augustine - Del Frisco’s Grille - CUT by Wolfgang Puck - Eataly - Nobu - Blue Ribbon Federal Grill
Coming Soon & Announced - The Ainsworth at 55 Liberty Street - Vin Sur Vingt at 66 West Broadway - Chikarashi Poke at 38 Rector Street - Whole Foods at One Wall Street - Alamo Drafthouse at 28 Liberty Street
Casual/Neighborhood
Fine Dining/Special Occasion
Recently Opened
Recently Opened
Opening Soon
Opening Soon
Restaurants & Nightlife spots are staying open later
Millennials
and more on weekends. Weekdays (Sun-Thurs) There are 281 places open till at least 10pm or 52% of all bars & restaurants.
Weekends (Fri-Sun) There are 391 places open on the weekend or 74% of all bars & restaurants.
149 casual eateries & takeout 273 casual eateries & takeout 94 full service dining
87 full service dining
38 nightlife
31 nightlife
1,200 retailers
Lower Manhattan’s Millennial population is booming.
41%
residents are young 60% of professionals,
Income
Percent Young Professionals ages 18 - 44 years old comprise of population 47% Manhattan
6%
45-64 Years
Age Distribution of Lower Manhattan Residents
35-44 Years
19%
Education
32
41% New York City
18-34 Years
18%
$159,800
of which are bars or restaurants
Lower Manhattan
65+ Years
Median HH income (25-44 years old):
525
41%
16%
ages 18 - 44
in Lower Manhattan.
61%
of residents are Millennials, ages 18 - 34
Millennials
Under 17 Years
Median age in Lower Manhattan. About 5 years younger than Manhattan’s median age
Download the full report at www.downtownny.com/reports/An-Untapped-Market-Lower-Manhattan’s-Young-Professionals
85%
have a bachelor’s degree,
38% that have a graduate or professional degree
31,073 18 - 44 year olds in Lower Manhattan
September 2017 Update