Brand New Commercial Market Report

This month, USP released the newly redesigned 2012 Commercial Market Report detailing the office and retail activity in the district. Union Square’s 24-hour community continues to be a major draw for established tech companies locating in New York City. In the last year, nineteen new technology companies flooded the district snatching up a 213,000 square feet of office space and bringing approximately 910 new jobs to the area. Already home to a thriving residential population, Union Square is also anchored by strong institutions such as Con Edison, Beth Israel Medical Center and New York University that provide an employment base in the neighborhood. 2012 also solidified Union Square’s position as the tastiest in New York City with dozens of new eateries moving in, including 5 Napkin Burger, Tortaria and Ngam.