The Fashion District is a sub-market of the Midtown Manhattan market, the largest and most highly valued market in the country. Bordered by established residential neighborhoods and with a growing number of high-end residential units underway nearby, the District comprises an increasingly diverse mix of office, manufacturing, and residential uses.
Garment District Facts & Figures: Downloadable Reports
Each year, the Fashion Center Business Improvement District publishes the following two reports which are most relevant to the real estate community:
The Fashion Center BID is situated within the Penn Plaza/Garment submarket of the Midtown office market and boasts 18.4 million square feet of office space, much of it class A. Find out more about average asking rents, vacancy rates, office rental rates and trends.
Retail potential in the Fashion District is over $1.25 billion and is expected to increase as the District’s office and residential sectors grow exponentially. Find out more about retail inventory in the District.
The Fashion Center BID contains only a small portion of residential development within its boundaries, but the current residential population represents significant retail potential and is expected to increase with future development and zoning changes. Find out more about the area’s growing residential market.
With Times Square to the north; Penn Station, Macy’s Herald Square, and the Empire State Building to the south; the Port Authority Bus Terminal to the west; and Byrant Park and Grand Central to the east, the Fashion District sees its fair share of foot traffic. Get the specifics on pedestrian traffic in the BID by reviewing our most recent pedestrian count report.
A portion of the Fashion District (the area west of Broadway) is included within the Special Garment Center District. Find out more about the District’s special zoning standards and how they affect the fashion industry and the District as a whole.