World video travel guide

NewsLower ManhattanNew York CityUnited States • 2012-10-24

Select the country and object's type The Brain Gain: Today’s Lower Manhattan is Epicenter for Region’s Young, Creative Talent

Strengthening Appeal of Lower Manhattan’s Business Address, Study Shows Shifting Regional Demographics Favor Nation’s Fourth Largest Central Business District

New York, NY (October 23, 2012) – The Downtown Alliance today issued findings in an original research report, The Brain Gain, revealing dramatic population growth among high-value professionals living within a 30-minute commute of the Lower Manhattan C.B.D.

“These profound demographic changes show that high-value knowledge workers are opting out of the suburban lifestyle, instead flocking to communities in Manhattan, Brooklyn, and New Jersey’s Hudson River waterfront cities,” said Elizabeth H. Berger, president of the Alliance for Downtown New York. “This demographic shift demonstrates why companies eager to attract the region’s best and brightest workers have every reason to set up shop in Lower Manhattan.”

The Brain Gain indicates that there has been substantial population growth surrounding the Lower Manhattan central business district, especially among young, educated people and workers in the professional and creative fields that drive office leasing in New York City. This study reveals that the rest of the major metropolitan region contributed far less to total net growth, and in some cases, actually lost population of these workers.

Using 2000 Census and 2010 American Community Survey Data, The Brain Gain is an evaluation of demographic trends of 30 counties in New York City’s metropolitan region. The study area includes the five boroughs of New York City, Long Island, Westchester and the Hudson Valley, Southern Connecticut, Northeastern Pennsylvania and Northern New Jersey.

\"We have benefited enormously from our move to Lower Manhattan because the location is increasingly attractive to some of the best young lawyers in the city,\" said Charles Platt, Partner-in-Charge of WilmerHale’s New York office. “Our New York office is young, dynamic and growing, and we truly value the opportunity to more easily tap into this talented workforce.”

Among the key findings of The Brain Gain report:

CREATIVE AND PROFESSIONAL WORKERS

Between 2000 and 2010, populations employed in entertainment, recreation and arts, professional services, management, information, and FIRE (finance, insurance, real estate) grew in urban neighborhoods from which they commute by subway, PATH, ferry, bus, bike, or foot.

Neighborhoods within a 30-minute commute to Lower Manhattan showed a 14 percent increase in creative and professional people, growing by 66,000 between 2000 and 2010, to 557,000.

The fast-growing neighborhoods surrounding Lower Manhattan showed significant population gains among people working in creative and professional fields – accounting for 9 of the 10 fastest-growing neighborhoods in the region. As a result, Red Hook, the Lower East Side, and the Newport section of Jersey City contribute more of the region’s creative and professional workforce than Scarsdale, Huntington, Long Island and Fairfield, Connecticut combined.

Today, there are more:

FIRE sector workers living in the East Village, Lower East Side, and Chinatown than there are in all of White Plains, Scarsdale, and Hastings‐on‐Hudson.

Information Sector workers living in Greenpoint and Williamsburg than there are in all of Greenwich, Darien, and New Canaan, CT.

Professional Services workers living in Newport, Grove Street and Jersey City Heights, NJ than in all of Huntington and Melville, Long Island.

YOUNG AND EDUCATED WORKERS

Among young, educated people (18-44 years old with a bachelor’s degree or higher), there was a profound population shift between suburban and urban communities, particularly to neighborhoods within a 30-minute commute of Lower Manhattan.

Rather than recent college grads, the bulk of growth within a 30-minute commute to Lower Manhattan was among adults aged 25-34 – whose population grew by over 101,000 between 2000 and 2010, outpacing the rest of the 30-county region, which added only 75,000 additional college grads in the same time period.

This upward trend is especially true for 35-44 year olds living within a 30-minute commute to Lower Manhattan, whose population increased by 24 percent. This same population grew only 0.3 percent in the rest of the region.

The total number of educated people in the early and middle stages of their career – the senior managers of tomorrow – jumped 32 percent in the 30-minute catchment area, from 545,000 in 2000 to 717,000 in 2010, while the rest of the study area gained only 129,000, an increase of just 6 percent overall.

Today, there are more young, educated adults living within a 30-minute commute of Lower Manhattan than there are in all of the Hudson Valley and Southern Connecticut, which are both spines of the MetroNorth rail network.

Lower Manhattan is at the center of a bi-state, multi-modal public transportation network and can be reached by 12 subway lines, 30 bus routes, PATH lines, six ferry landings, bike paths, and on foot. It transports more than 91 million riders annually, a number expected to increase with the opening of the Fulton Center in 2014 and the opening of the World Trade Center Transportation Hub in 2015. To download the report in its entirety, go to: http://dwn.twn.tc/1d.

The mission of the Alliance for Downtown New York is to provide service, advocacy, research and information to advance Lower Manhattan as a global model of a 21st century Central Business District for businesses, residents and visitors.

RSS RSS All news

 

Related objects

New York City

Cities New York City

New York City - skyscrapers, museums, galleries, theaters, exhibition halls, parks, cafes and restaurants - all these one can find in the largest city of the world

Brighton Beach

Dities districts Brighton Beach

Brighton Beach is proud of the Ballet Theater - Russian choreographic center, established in 1987. This is one of the most famous Russian ballet schools in the United States

Chinatown

Popular tourist places Chinatown

Tourists come to Chinatown for Chinese and Vietnamese shops with souvenirs and golden adornments. The main attraction here is the Buddhist temple

Coney Island

Islands, archipelagos Coney Island

Aquarium, an amusement park and the well-known eatery “Famous Nathan's”, where the championships of hot-dog eaters take place, attract tourists to Coney Island

East Side of Manhattan

Dities districts East Side of Manhattan

The Fifth Avenue divides Manhattan at West Side and East Side. East Side - is rich in sights and symbols of the New York City

East Village

Dities districts East Village

Once the most dangerous district of the city - the East Village, now turned into place of worship, where creative young people meet together

Greenwich Village

Dities districts Greenwich Village

Greenwich Village was and still remains one of the most Bohemian districts of the country. It is famous for its coffee houses, clubs and addresses of celebrities

Harlem

Dities districts Harlem

Without visiting the distinctive district of Harlem - former slums, familiarity with the New York City is not complete

Lower Manhattan

Dities districts  
Lower Manhattan

Meatpacking District

Dities districts  
Meatpacking District

SoHo

Dities districts SoHo

The Soho district - «cast-iron» architecture of XIX century, numerous galleries, fashion boutiques, cafes and restaurants

Battery Park

Parks and gardens Battery Park

Broadway begins from the Battery Park. Boat trips to the Statue of Liberty are start from here. It is also a point of a magnificent view over the bay and the harbor

Broadway

Streets Broadway

Except numerous theatres, which made Broadway a synonim of American dramatic art, here are situated a lot of office buildings, museums and art galeries, cafes and restaurants

Brooklyn Bridge

Popular tourist places Brooklyn Bridge

Brooklyn Bridge is the oldest suspension bridge in the United States. Crossing the East River, it connects two districts of the New-York city - Brooklyn and Manhattan

Bryant Park

Parks and gardens  
Bryant Park

Central Park

Parks and gardens Central Park

They call the Central Park in New York - «green lungs of Manhattan». It is very comfortable place for sport activities, relaxation, walks with children

Central Park during Spring Day

Parks and gardens  
Central Park during Spring Day

Cupping Room Cafe

World Culinary  
Cupping Room Cafe

Empire State Building

Architecture: buildings, structures Empire State Building

The Empire State Building is the tallest building in New York. Tower’s observation decks, giving 360-degree views of the city are the most visited tourist sites in the world

Fifth Avenue

Streets Fifth Avenue

One will never get a full impression of the New York City, without visiting the Fifth Avenue - a commercial street of the city

Grand Central Terminal

Transport: airports, railway stations, seaports Grand Central Terminal

Grand Central Terminal of New York (Grand Central) is the largest in the world. There are 67 railway tracks, 44 platforms. It is a very busy place

Grey Dog Cafe

World Culinary  
Grey Dog Cafe

Hudson River Park

Parks and gardens  
Hudson River Park

Ice Skating in Central Park

Events, Shows, amusement  
Ice Skating in Central Park

Ladies' Mile Historic District

Dities districts  
Ladies' Mile Historic District

Lights of New York

Popular tourist places  
Lights of New York

Memorials for the September 11 attacks

Monuments Memorials for the September 11 attacks

Memorial to victims of the terrorist attacks of September, 11 will be completed no earlier than in 2012. The area around the building site has become a real memorial long ago

Metro, New York City

Transport: airports, railway stations, seaports Metro, New York City

Metro in the New York City is almost the most ramified in the world. It has 29 lines in the scheme of 9 different colors. Some trains stop at all stations, others - only at junctions

Metropolitan Museum of Art

Museums, historical monuments Metropolitan Museum of Art

In the permanent exhibition of the Metropolitan Museum of Art some two million works of art are represented

Metropolitan Opera

Music and Drama theatres Metropolitan Opera

Metropolitan Opera - U. S. leading opera house, was opened in 1883. Since 1910ths there is a firmly established tradition of opera staging in the language of original

Museum of Natural History

Museums, historical monuments Museum of Natural History

The Museum of Natural History - 25 buildings, connected between each other, where research laboratories, about 50 permanent exhibitions, and the famous library are placed

New York Attractions

Popular tourist places  
New York Attractions

New York City Fire Museum

Museums, historical monuments New York City Fire Museum

The exposition of New York City Fire Museum tells about the history of struggle with fire in the city from XVIII century to present days

New York from Empire State Building

Popular tourist places  
New York from Empire State Building

New York Museums

Museums, historical monuments  
New York Museums

New York Public Library

Popular tourist places New York Public Library

Books collection of the New York Public Library is among the top five largest in the world. Excursions for tourists are organized here

New York Water Tour

Popular tourist places New York Water Tour

New York Water Tour (New York Splash Tours) is unique. The route passes through land and water in a specially designed aqua-buses (half bus – half boat)

Restaurants of New York

World Culinary  
Restaurants of New York

Riverside Park

Parks and gardens Riverside Park

Riverside Park, located along the Hudson, is beautiful and in fair weather is very attractive for walking

Rockefeller Center

Architecture: buildings, structures Rockefeller Center

Rockefeller Center is a grandiose office complex, in which headquarters of the world's largest corporations are located

Shopping in New York City

Shopping: shops, markets  
Shopping in New York City

Solomon R. Guggenheim Museum

Museums, historical monuments Solomon R. Guggenheim Museum

Solomon R. Guggenheim Museum is considered to be one of the best collections of modern art in the world and is able to represent art of entire civilizations. For example, «Art of the African continent» or «Aztec Empire»

South Street Seaport

Transport: airports, railway stations, seaports South Street Seaport

In the South Street Seaport one can walk on decks and cabins of old ships and visit the Maritime Museum

St. Patrick`s Cathedral

Temples, churches, pagodas, mosques St. Patrick`s Cathedral

The biggest U. S. Catholic Temple - St. Patrick`s Cathedral, has ceased to be an architectural dominant of New York because of an abundance of skyscrapers

Tartinery Restaurant

World Culinary  
Tartinery Restaurant

Times Square

Town squares Times Square

Times Square is a very popular and frequently visited place. Bright neon advertisement, Broadway theaters - are symbols of turbulent life of the New York City

Transport in New York

Transport: airports, railway stations, seaports  
Transport in New York

Trump Tower

Architecture: buildings, structures Trump Tower

Trump Tower, a 58-storey skyscraper, designed by Donald Trump, was built in 1983. It is located at the intersection of Fifth Avenue and 56th Street. There are apartments, offices and the hotel inside

Union Square Greenmarket

Shopping: shops, markets  
Union Square Greenmarket

United Nations Headquarters

Architecture: buildings, structures United Nations Headquarters

The skyscraper on the East River - the United Nations Headquarters is under reconstruction now. It supposed to be open again by the end of 2013

Wall Street

Streets Wall Street

Wall Street is on Manhattan. It is the world’s financial center. The main attraction is the New York Stock Exchange

Winter in Central Park

Parks and gardens  
Winter in Central Park

Winter Rockefeller Center

Popular tourist places  
Winter Rockefeller Center