The Fashion Center

 

The Fashion Center BID

 

Table Of Contents
Square Bullet Introduction
Square Bullet Executive Summary
Square Bullet Employment-Current Status
Square Bullet Retail Market Analysis
Square Bullet Real Estate Profile
Square Bullet Appendix

The Fashion Center
About Fashion Center BID
Fashion District Real Estate
Dining In The Fashion Center
Small Business Center
FAQ
Industry Links
Economic Profile
Business Links
Theatre & Art Galleries
Fashion Industry Information

Economic Profile 2007

Appendix 1: Market Profile

Standard Map

Standard County Map

Standard Map: October 18, 2007

Market Profile
  County: 36061 New
York County, NY
Tracts: 36061007600,
36061008400, et. al.
     
2000 Total Population 1,537,195 10,281
2000 Group Quarters 59,837 1,062
2007 Total Population 1,630,965 12,131
2012 Total Population 1,699,498 13,550
2007 - 2012 Annual Rate 0.83% 2.24%
 
2000 Households 738,644 5,479
2000 Average Household Size 2.00 1.68
2007 Households 771,489 6,404
2007 Average Household Size 2.03 1.72
2012 Households 803,348 7,186
2012 Average Household Size 2.04 1.73
2007 - 2012 Annual Rate 0.81% 2.33%
2000 Families 301,970 1,330
2000 Average Family Size 2.99 2.69
2007 Families 310,940 1,525
2007 Average Family Size 3.01 2.68
2012 Families 318,945 1,678
2012 Average Family Size 3.00 2.66
2007 - 2012 Annual Rate 0.51% 1.93%
 
2000 Housing Units 798,144 5,983
Owner Occupied Housing Units 18.6% 11.9%
Renter Occupied Housing Units 73.9% 79.7%
Vacant Housing Units 7.5% 8.4%
2007 Housing Units 844,493 7,151
Owner Occupied Housing Units 20.2% 13.5%
Renter Occupied Housing Units 71.2% 76.0%
Vacant Housing Units 8.6% 10.4%
2012 Housing Units 882,798 8,031
Owner Occupied Housing Units 19.9% 13.5%
Renter Occupied Housing Units 71.1% 76.0%
Vacant Housing Units 9.0% 10.5%
 
Median Household Income
2000 $47,266 $47,777
2007 $67,911 $72,128
2012 $87,538 $97,394
     
Median Home Value
2000 $354,883 $315,115
2007 $634,846 $571,839
2012 $735,517 $686,553
 
Per Capita Income    
2000 $42,922 $42,557
2007 $58,659 $61,630
2012 $76,741 $82,476
     
Median Age    
2000 35.8 34.0
2007 37.3 35.4
2012 39.0 37.0
Market Profile
  County 36061
New York County, NY
Tracts: 36061007600,
36061008400, et. al.
2000 Households by Income
Household Income Base 739,167 5,469
< $15,000 20.4% 17.7%
$15,000 - $24,999 9.7% 9.1%
$25,000 - $34,999 9.5% 10.3%
$35,000 - $49,999 12.3% 14.9%
$50,000 - $74,999 15.1% 15.3%
$75,000 - $99,999 9.0% 11.3%
$100,000 - $149,999 9.9% 9.8%
$150,000 - $199,999 4.7% 4.3%
$200,000 + 9.4% 7.3%
Average Household Income $88,158 $73,760
 
2007 Households by Income
Household Income Base 771,478 6,404
< $15,000 14.9% 11.5%
$15,000 - $24,999 7.6% 5.7%
$25,000 - $34,999 7.0% 6.4%
$35,000 - $49,999 9.7% 10.3%
$50,000 - $74,999 14.3% 17.6%
$75,000 - $99,999 10.9% 11.9%
$100,000 - $149,999 13.6% 16.2%
$150,000 - $199,999 7.6% 8.2%
$200,000 + 14.4% 12.1%
Average Household Income $122,793 $114,150
 
2012 Households by Income
Household Income Base 803,337 7,186
< $15,000 11.7% 7.9%
$15,000 - $24,999 7.2% 5.4%
$25,000 - $34,999 5.1% 3.6%
$35,000 - $49,999 7.9% 7.3%
$50,000 - $74,999 12.6% 15.3%
$75,000 - $99,999 9.7% 11.5%
$100,000 - $149,999 14.6% 16.6%
$150,000 - $199,999 11.2% 13.9%
$200,000 + 19.9% 18.5%
Average Household Income $161,027 $152,902
 
2000 Owner Occupied HUs by Value
Total 148,695 697
<$50,000 4.5% 3.6%
$50,000 - $99,999 4.9% 5.9%
$100,000 - $149,999 8.6% 6.0%
$150,000 - $199,999 9.2% 16.5%
$200,000 - $299,999 15.8% 17.2%
$300,000 - $499,999 19.7% 13.2%
$500,000 - $999,999 21.9% 24.4%
$1,000,000+ 15.4% 13.2%
Average Home Value $496,684 $482,174
 
2000 Specified Renter Occupied HUs by Contract Rent
Total 589,889 4,797
With Cash Rent 98.3% 99.3%
No Cash Rent 1.7% 0.7%
Median Rent $740 $1,011
Average Rent $949 $1,091
Market Profile
  County: 36061
NewYork County, NY
Tracts: 36061007600,36061008400, et. al.
2000 Population by Age
Total 1,537,195 10,281
0 - 4 4.9% 2.5%
5 - 9 4.8% 1.8%
10 - 14 4.5% 1.6%
15 - 19 4.9% 3.1%
20 - 24 7.9% 11.7%
25 - 34 21.5% 32.3%
35 - 44 16.7% 20.3%
45 - 54 13.4% 13.3%
55 - 64 9.2% 7.3%
65 - 74 6.4% 3.9%
75 - 84 4.0% 1.7%
85+ 1.7% 0.5%
18+ 83.2% 93.0%
 
2007 Population by Age
Total 1,630,965 12,131
0 - 4 4.9% 2.5%
5 - 9 4.4% 1.5%
10 - 14 4.5% 1.8%
15 - 19 5.5% 3.3%
20 - 24 6.6% 9.1%
25 - 34 19.5% 30.7%
35 - 44 17.4% 20.3%
45 - 54 13.5% 14.3%
55 - 64 11.4% 9.7%
65 - 74 6.5% 4.4%
75 - 84 4.0% 1.8%
85+ 1.8% 0.6%
18+ 83.2% 92.8%
 
2012 Population by Age
Total 1,699,498 13,550
0 - 4 5.0% 2.6%
5 - 9 4.2% 1.7%
10 - 14 4.1% 1.4%
15 - 19 5.1% 3.0%
20 - 24 9.1% 11.8%
25 - 34 15.8% 25.7%
35 - 44 16.8% 19.0%
45 - 54 14.3% 15.4%
55 - 64 12.4% 11.4%
65 - 74 7.0% 4.7%
75 - 84 4.1% 2.5%
85+ 2.0% 0.8%
18+ 84.1% 93.2%
 
2000 Population by Sex
Males 47.5% 54.0%
Females 52.5% 46.0%
2007 Population by Sex    
Males 47.7% 53.7%
Females 52.3% 46.3%
2012 Population by Sex    
Males 48.0% 53.4%
Females 52.0% 46.6%
Market Profile
  County: 36061 NewYork County, NY Tracts: 36061007600,
36061008400, et. al.
2000 Population by Race/Ethnicity
Total 1,537,195 10,281
White Alone 54.4% 55.0%
Black Alone 17.4% 9.1%
American Indian Alone 0.5% 0.4%
Asian or Pacific Islander Alone 9.5% 25.4%
Some Other Race Alone 14.1% 5.6%
Two or More Races 4.1% 4.5%
Hispanic Origin 27.2% 16.2%
Diversity Index 79.8 72.7
 
2007 Population by Race/Ethnicity
Total 1,630,965 12,131
White Alone 50.8% 48.2%
Black Alone 17.7% 10.6%
American Indian Alone 0.6% 0.6%
Asian or Pacific Islander Alone 11.2% 28.6%
Some Other Race Alone 15.0% 6.8%
Two or More Races 4.7% 5.2%
Hispanic Origin 29.2% 19.5%
Diversity Index 82.3 77.7
 
2012 Population by Race/Ethnicity
Total 1,699,498 13,550
White Alone 48.5% 44.1%
Black Alone 17.9% 11.4%
American Indian Alone 0.5% 0.6%
Asian or Pacific Islander Alone 12.6% 30.7%
Some Other Race Alone 15.5% 7.5%
Two or More Races 5.1% 5.6%
Hispanic Origin 30.4% 21.5%
Diversity Index 83.7 80.1
 
2000 Population 3+ by School Enrollment
Total 1,490,830 10,012
Enrolled in Nursery/Preschool 1.4% 0.6%
Enrolled in Kindergarten 1.0% 0.2%
Enrolled in Grade 1-8 7.9% 2.3%
Enrolled in Grade 9-12 4.3% 2.3%
Enrolled in College 6.1% 8.2%
Enrolled in Grad/Prof School 3.3% 5.1%
Not Enrolled in School 76.0% 81.4%
 
2000 Population 25+ by Educational Attainment
Total 1,125,987 8,137
Less than 9th Grade 10.4% 6.5%
9th - 12th Grade, No Diploma 10.9% 7.1%
High School Graduate 13.5% 14.0%
Some College, No Degree 12.3% 13.4%
Associate Degree 3.5% 3.7%
Bachelor's Degree 26.0% 34.2%
Master's/Prof/Doctorate Degree 23.4% 21.1%
Market Profile
  County: 36061 New
York County, NY
Tracts: 36061007600,
36061008400, et. al.
2000 Population 15+ by Sex and Marital Status
Total 1,319,421 9,713
Females 53.3% 46.2%
Never Married 22.9% 24.6%
Married, not Separated 17.4% 14.8%
Married, Separated 2.4% 0.5%
Widowed 5.1% 1.3%
Divorced 5.6% 5.1%
Males 46.7% 53.8%
Never Married 22.6% 31.6%
Married, not Separated 18.1% 15.7%
Married, Separated 1.5% 1.8%
Widowed 1.0% 0.5%
Divorced 3.4% 4.2%
 
2000 Population 16+ by Employment Status
Total 1,307,423 9,695
In Labor Force 64.4% 77.0%
Civilian Employed 58.9% 68.1%
Civilian Unemployed 5.4% 8.9%
In Armed Forces 0.0% 0.0%
Not in Labor Force 35.6% 23.0%
 
2007 Civilian Population 16+ in Labor Force
Civilian Employed 93.1% 91.8%
Civilian Unemployed 6.9% 8.2%
     
     
2012 Civilian Population 16+ in Labor Force    
Civilian Employed 93.6% 92.1%
Civilian Unemployed 6.4% 7.9%
 
2000 Females 16+ by Employment Status and Age of Children
Total 697,373 4,485
Own Children < 6 Only 5.6% 3.2%
Employed/in Armed Forces 2.9% 1.0%
Unemployed 0.3% 0.0%
Not in Labor Force 2.4% 2.3%
Own Children <6 and 6-17 3.5% 1.4%
Employed/in Armed Forces 1.5% 0.7%
Unemployed 0.2% 0.0%
Not in Labor Force 1.7% 0.7%
Own Children 6-17 Only 10.1% 2.5%
Employed/in Armed Forces 5.6% 1.7%
Unemployed 0.6% 0.3%
Not in Labor Force 3.8% 0.4%
No Own Children <18 80.8% 92.8%
Employed/in Armed Forces 43.8% 58.8%
Unemployed 4.0% 9.3%
Not in Labor Force 33.1% 24.7%
Market Profile
  County: 36061 New
York County, NY
Tracts: 36061007600,
36061008400, et. al.
2007 Employed Population 16+ by Industry
Total 847,940 7,947
Agriculture/Mining 0.0% 0.0%
Construction 2.0% 2.0%
Manufacturing 3.8% 4.7%
Wholesale Trade 2.4% 3.2%
Retail Trade 7.1% 7.7%
Transportation/Utilities 2.6% 2.3%
Information 7.7% 8.6%
Finance/Insurance/Real Estate 14.5% 14.1%
Services 56.9% 55.5%
Public Administration 3.0% 1.9%
 
2007 Employed Population 16+ by Occupation
Total 847,940 7,947
White Collar 79.2% 78.9%
Management/Business/Financial 21.9% 21.6%
Professional 35.6% 35.7%
Sales 11.7% 12.4%
Administrative Support 10.0% 9.1%
Services 13.6% 14.0%
Blue Collar 7.2% 7.2%
Farming/Forestry/Fishing 0.0% 0.0%
Construction/Extraction 1.6% 1.6%
Installation/Maintenance/Repair 0.9% 0.7%
Production 2.5% 3.6%
Transportation/Material Moving 2.3% 1.2%
 
2000 Workers 16+ by Means of Transportation to Work
Total 753,114 6,456
Drove Alone - Car, Truck, or Van 7.6% 4.1%
Carpooled - Car, Truck, or Van 3.4% 2.3%
Public Transportation 59.6% 50.8%
Walked 21.9% 33.5%
Other Means 1.7% 1.7%
Worked at Home 5.8% 7.7%
 
2000 Workers 16+ by Travel Time to Work
Total 753,114 6,456
Did not Work at Home 94.2% 92.3%
Less than 5 minutes 1.5% 1.8%
5 to 9 minutes 4.7% 7.3%
10 to 19 minutes 19.1% 25.2%
20 to 24 minutes 14.7% 18.2%
25 to 34 minutes 26.1% 23.7%
35 to 44 minutes 8.8% 5.5%
45 to 59 minutes 10.5% 6.4%
60 to 89 minutes 6.2% 3.0%
90 or more minutes 2.7% 1.3%
Worked at Home 5.8% 7.7%
Average Travel Time to Work (in min) 30.5 24.8
 
2000 Households by Vehicles Available
Total 738,644 5,494
None 77.5% 85.8%
1 20.2% 12.6%
2 1.8% 0.8%
3 0.2% 0.0%
4 0.1% 0.4%
5+ 0.3% 0.3%
Average Number of Vehicles Available 0.3 0.2
Market Profile
  County: 36061
NewYork County, NY
Tracts: 36061007600,
36061008400, et. al.
2000 Households by Type
Total 738,644 5,479
Family Households 40.9% 24.3%
Married-couple Family 25.2% 16.2%
With Related Children 10.2% 4.9%
Other Family (No Spouse) 15.7% 8.1%
With Related Children 9.2% 2.6%
Nonfamily Households 59.1% 75.7%
Householder Living Alone 48.0% 57.8%
Householder Not Living Alone 11.1% 17.9%
 
Households with Related Children 19.4% 7.5%
Households with Persons 65+ 20.4% 9.1%
     
2000 Households by Size
Total 738,644 5,479
1 Person Household 48.0% 57.8%
2 Person Household 28.3% 29.1%
3 Person Household 10.8% 6.5%
4 Person Household 6.9% 3.6%
5 Person Household 3.2% 1.5%
6 Person Household 1.5% 0.7%
7+ Person Household 1.3% 0.8%
 
2000 Households by Year Householder Moved In
Total 738,644 5,494
Moved in 1999 to March 2000 16.7% 25.2%
Moved in 1995 to 1998 28.6% 35.7%
Moved in 1990 to 1994 15.5% 15.7%
Moved in 1980 to 1989 14.7% 11.4%
Moved in 1970 to 1979 14.3% 7.4%
Moved in 1969 or Earlier 10.3% 4.6%
Median Year Householder Moved In 1993 1996
 
2000 Housing Units by Units in Structure
Total 798,144 5,946
1, Detached 0.3% 0.2%
1, Attached 0.5% 0.4%
2 0.6% 0.3%
3 or 4 2.1% 3.2%
5 to 9 6.3% 10.0%
10 to 19 12.6% 15.0%
20+ 77.4% 70.9%
Mobile Home 0.0% 0.1%
Other 0.0% 0.0%
 
2000 Housing Units by Year Structure Built
Total 798,144 5,946
1999 to March 2000 0.7% 0.1%
1995 to 1998 1.7% 1.8%
1990 to 1994 1.9% 2.7%
1980 to 1989 6.3% 6.6%
1970 to 1979 8.6% 4.8%
1969 or Earlier 80.8% 83.9%
Median Year Structure Built 1946 1933
  County: 36061
New York County, NY
Tracts: 36061007600,
36061008400, et. al.
Top 3 Tapestry Segments
1. Laptops and Lattes Metro Renters
2. High Rise Renters Trendsetters
3. Metro Renters Laptops and Lattes
2007 Consumer Spending shows the amount spent on a variety of goods and services by households that reside in the market area. Expenditures are shown by broad budget categories that are not mutually exclusive. Consumer spending does not equal business revenue.
 
Apparel & Services: Total $ $3,690,665,092 $27,309,310
  Average Spent $4,783.82 $4,264.41
Spending Potential Index 174 155
Computers & Accessories: Total $ $334,135,235 $2,742,449
  Average Spent $433.10 $428.24
Spending Potential Index 174 172
Education: Total $ $1,749,172,556 $13,504,600
  Average Spent $2,267.27 $2,108.78
Spending Potential Index 177 164
Entertainment/Recreation: Total $ $4,235,762,282 $32,790,586
  Average Spent $5,490.37 $5,120.33
Spending Potential Index 160 149
Food at Home: Total $ $6,916,447,089 $51,353,771
  Average Spent $8,965.06 $8,019.01
Spending Potential Index 178 159
Food Away from Home: Total $ $4,785,969,287 $36,437,461
  Average Spent $6,203.55 $5,689.80
Spending Potential Index 183 168
Health Care: Total $ $4,270,526,176 $32,609,102
  Average Spent $5,535.43 $5,091.99
Spending Potential Index 142 130
HH Furnishings & Equipment: Total $ $2,664,078,794 $20,857,394
  Average Spent $3,453.16 $3,256.93
Spending Potential Index 153 144
Investments: Total $ $1,667,532,473 $11,949,343
  Average Spent $2,161.45 $1,865.92
  Spending Potential Index 145 125
Retail Goods: Total $ $32,222,171,695 $252,015,644
  Average Spent $41,766.21 $39,352.85
Spending Potential Index 157 148
Shelter: Total $ $22,030,136,626 $165,400,696
  Average Spent $28,555.35 $25,827.72
Spending Potential Index 190 172
TV/Video/Sound Equipment:Total $ $1,590,149,426 $12,124,443
  Average Spent $2,061.14 $1,893.26
Spending Potential Index 177 163
Travel: Total $ $2,363,086,655 $17,774,913
  Average Spent $3,063.02 $2,775.60
Spending Potential Index 166 150
Vehicle Maintenance & Repairs: Total $ $1,295,385,319 $10,692,610
  Average Spent $1,679.07 $1,669.68
Spending Potential Index 158 157