Stamford Downtown

2014 Demographic Profile

Stamford Downtown 2014Demographic Profile

Map provided by The Nielsen Company (Site Report 2014) –1, 3 & 5 mile Trade area rings from center of Stamford Downtown

Table of Contentspage(s)

Population Profile...................................................... 2-4

Daytime Population………………………………………………….. 5

Business Employment & Corporate Profile……………….. 6-7

Office Market Profile………………………………………………… 8-9

Retail Profile…………………………………………………………….. 10-11

Economic Generators: Dining, Entertainment & Hotels…..... 12-13

Residential Profile…………………………………………………….. 14-15

Stamford Downtown Special Services District……………(DSSD)

16

In 2014, Stamford was ranked the #1 place to live in CT by movoto.com!

Source: http://www.movoto.com/ct/best-places-in-connecticut/

Stamford Population Profile

Outdoor dining on Bedford Street

Shoppers at the Stamford Downtown Farmer’s Market

Dining and mingling on Lower Summer Street

Estimated 2014 1 mile 3 miles 5 miles 10 miles

Population 44,261 128,152 173,889 371,113

Avg. Household Income $81,957 $111,767 $127,117 $139,179

Note: Trade area rings start at the corner of Atlantic Street & Broad Street in Stamford Downtown.

2014 Education Attainment (Age 25+)

1 mile 3 mile 5 mile

Advanced Degree 15.13% 19.88% 23.08%

Bachelor’s Degree 22.28% 24.89% 26.86%

Associate’s Degree/Some College 21.92% 23.31% 22.21%

High School Diploma or GED 21.30% 19.59% 17.66%

High School Non-graduates 19.37% 12.34% 10.19%

49.94%

Source: CoStar Report 2014

In the last decade 2000-2010, Stamford’s population grew by

4.75% (5,560 people) outpacing Fairfield County’s growth of

3.88% (34,262 people).

2

Driving Times from Stamford Downtown

•50 minutes- New York City •17 minutes- Westchester Airport, White Plains, NY

•90 minutes- Hartford, CT •45 minutes- New Haven, CT

Stamford Population Profile

2014 Est. Median Age:(1 mile Radius)

35

2014 Est. Population by Sex1 mile 3 miles 5 miles

Male 49.32% 48.74% 48.36%

Female 50.68% 51.26% 51.64%

0-4 3,419 7.72% 8,708 6.80% 11,065 6.36%

5-19 6,761 15.27% 24,194 18.89% 34,389 19.77%

20-24 2,417 5.46% 6,949 5.42% 9,467 5.44%

25-44 17,598 39.75% 38,881 30.33% 47,445 27.29%

45-64 8,379 21.18% 32,703 25.51% 46,754 26.89%

65+ 4,688 10.59% 16,718 13.05% 24,769 14.24%

2014 Estimated Age Distribution (Numbers and Percentages):

1 mile 3 miles 5 miles

Source: CoStar Report 2014

Fernando Luis Alvarez GalleryLunch at Bedford Street outdoor patio

3

Diners enjoying happy hour on Bedford Street

Stamford Downtown Population ProfileAccording to a survey of the approximately 20,000 individuals living in StamfordDowntown, the typical Stamford Downtown Resident is:

Young: 65% of households in the Downtown have someone18-34, while 62% have none 35 or older.

Smart: 90% of households have someone with a college oradvanced degree.

Affluent: $108,000 is the median income for Downtownresidents (as compared to $69,000 in-state, $82,500 in Fairfield County and $78,200 in the City of Stamford ).

Employed: 83% of Downtown households have someone who works, 52% in the City of Stamford or Downtown and 83% within 15 miles of home. 16% work in NYC.

Source: Witan Intelligence (6/2013) 4

Daytime Population

Stamford Transportation Center

UConn, Stamford in the heart of Stamford Downtown

Daytime Employees in Stamford Downtown

1 mile radius 59,150

5 mile radius 109,005Source: CoStar Report 2014

Metro North Weekday Ridership

StudentsUniversity of Connecticut, Stamford

Located in the heart of Stamford Downtown• Total Undergraduate Enrollment as of Fall 2014: 1,635• Total Graduate Enrollment as of Fall 2014: 465• Total Faculty and Staff: 152

Sacred Heart University, Graduate Center• Total Graduate Enrollment as of Spring 2014: 158• Total Faculty and Staff: 15

Source: UConn Stamford 2014 & Sacred Heart University 2014

Weekday

InboundOutbound

9,2434,729

Total 13,972

Weekend

InboundOutbound

8,4823,395

Total 11,877

Source: Metro North Operations Report 2013 5

25,000 vehicles per day pass thru the intersection

of Atlantic/Broad/and Bedford

Business Employment & Corporate Profile

Source: CoStar 2014

Total Number of Businesses(1 mile radius):

5,744 6

Retail13%

Finance-Insurance-Real Estate15%

Scientific & Technology Services

25%Construction6%

Manufacturing2%

Other8%

Hospitality & Food Service6%

Health Care & Social Assistance

25%

Business Sectors in Stamford Downtown (1 Mile Radius)

Business Employment & Corporate Profile

Source: Fairfield County Business Council

7

350

400

440

500

500

550

600

600

685

800

800

860

900

900

1,043

1,495

1,501

2,000

2,000

2,195

2,300

0 500 1,000 1,500 2,000 2,500

Conair Corporation

WWE

Oracle Corp./Hyperion Solutions

Nestle Waters North America

PricewaterhouseCoopers

Pitney Bowes

NBC Sports

Purdue Pharma

Point72 Asset Management

Deloitte & Touche

GenRe Corporation

Gartner Group

Starwood Hotels

US Postal Service

General Electric Capital Corporation

City of Stamford: Board of Education

City of Stamford: City Government

Stamford Town Center

UBS

Stamford Hospital

RBS

2014 Top Stamford Employers

Office Market Profile

CBD Class A Office- 3rd Quarter 2014

CBD Class B Office- 3rd Quarter 2014

* Includes direct and sublease office space

Source: CBRE Inc. Fairfield County Statistical Report8

Central Business DistrictOffice Space: Class A & BExisting: 53 Buildings - 9,794,189 sfProjected:Metro Transit Center 600,000 sfGateway 323,000 sf

Number of Buildings: 34

Total Square Footage: 8,368,605 sf

Combined Available Space: 2,167,769 sf*

Availability Rate: 25.90%

Average Asking Rent: $45.75/sf

Number of Buildings: 19

Total Square Footage: 1,425,584 sf

Combined Available Space: 378,390 sf*

Availability Rate: 26.54%

Average Asking Rent: $29.07/sf

Recent Sales in Stamford3/2013 9 West Broad St. 185,376 SF 14.5 MM ($78.21 psf)

5/2013 900 Bedford St. 12,360 SF 2.3 MM ($186.08 psf)

9/2013 300 Main St. 92,157 SF $13.5 MM ($146.49 psf)

4/2014 84 West Park Pl. 35,384 SF $6.7 MM ($188.64 psf)

Source: City of Stamford Tax Assessor’s Office

Office Market Profile300 Atlantic Street Class A 272,400 sf

400 Atlantic Square Class A 472,687 sf

177 Broad Street Class A 187,000 sf

9 W. Broad Street Class B 201,000 sf

Canterbury Green 224,400 sf

695 East Main Street (Former GenRe) Class A 581,765 sf

750 East Main Street Class A 103,367 sf

Landmark Square Class A 766,861 sf

1 Stamford Forum (Purdue Pharma) 513,500 sf

1,2,3,4 Stamford Plaza 967,802 sf

1 Station Place Class A 280,074 sf

600 Summer Street 101,070 sf

600 Washington Blvd 574,831 sf

677 Washington Blvd (UBS Phase 1) Class A 686,332 sf

680 Washington Blvd Class A 133,000 sf

750 Washington Blvd Class A 186,148 sf

888 Washington Blvd (Government Center) 230,000 sf

1010 Washington Blvd Class A 135,000 sf

1055 Washington Blvd Class A 178,000 sf

Existing Buildings Over 100,000 sf

Projected Buildings Over 100,000sf

Metro Tower 350,000 sf

Gateway 323,000 sfSource: Cushman & Wakefield Research Services

9

300 Atlantic Street

Retail ProfileTotal CBD Retail Square Footage: 1,754,922 sf

Downtown RetailStamford Town Center 768,000 sf

Downtown Retail Streets 986,922 sf

Total 1,754,922 sfSources: DSSD & Taubman Company

Source: CoStar Report (2014)

Stamford DowntownAnchors

10

2014 Stamford DowntownRetail Occupancy

95.3%*

Home Improvement

Stores2%

General Merchandise

Stores3%

Food Stores10%

Auto Dealers and Gas Stations

6%

Apparel and Acessory Stores

14%

Furniture and Home Furnishings

10%

Eating and Drinking Places33%

Miscellaneous22%

Retail Sector in Stamford Downtown

Macy’s 225,000 sf

Target 164,000 sf

Burlington Coat Factory 123,000 sf

Safavieh 85,000 sf

Barnes & Noble 40,000 sf

Apple 10,000 sf

*Not Including Stamford Town Center Occupancy Rate

Retail Profile

Source: CoStar Report (2014)

The Bridal Suite Stamford Town Center R. Hollander: Master Goldsmith

11

Apparel6%

Entertainment8%

Food at Home16%

Food Away from Home

12%

Alcoholic Beverages

2%Furniture/Appliances

15%

Transportation/Maintenance

29%

Health Care4%

Education/Day Care8%

2014 Total Annual Consumer Spending

0%

10%

20%

30%

40%

50%

60%

70%

Retail Potential Retail Sales

Source: CBRE Inc. Fairfield County Statistical Report

2014 Retail Sales Potential vs. Actual Sales

Economic Generators: Dining & Entertainment

Avon Theatre on Bedford Street Dining and Mingling on Main St.

Annual Attendance

960,000 Movie Theater Attendees

(Bowtie Cinemas & Avon Theater Film Center)

350,000 Downtown Special Events

80,000 Stamford Media Center Attendees (NBC Universal)

45,200 Palace Theater Attendees

Sources: Avon Theatre & Stamford Center for the Arts

According to national research organization, America for the

Arts, theatre attendees spend an average of $23 per person before

or after visiting the theatre.

12

Economic Generators: Hotels (2,168 Rooms)

Courtyard by Marriott Stamford Downtown on Summer Street

Stamford Marriott Hotel & Spa on Tresser Boulevard

Courtyard by Marriott Stamford Downtown275 Summer Street

115 guest rooms2 meeting Rooms (largest holds 40 seats)1 restaurant on Site

Sheraton Stamford Downtown700 East Main Street

375 guest rooms16 meeting rooms—largest 4,500 sq. ft.

1 restaurantHotel Zero Degrees

909 Washington Boulevard97 guest rooms

large conference room—fully equipped w/AVStamford Marriott Hotel & Spa

243 Tresser Boulevard500 guest rooms23 meeting rooms—largest 9,000 sq. ft.

2 restaurants

Downtown

Hampton Inn & Suites Stamford26 Mill River Street

99 guest rooms4 meeting rooms—largest 2,150 sq. ft.1 restaurant

Hilton Stamford Hotel and Executive Meeting Center1 First Stamford Place

484 guest rooms30 meeting Rooms—largest 10,000 sq. ft.

1 restaurantStamford Plaza Hotel & Conference Center

2701 Summer Street448 guest rooms33 meeting Rooms—largest 9080 sq. ft.

1 restaurantStamford Suites Hotel

720 Bedford Street45 extended stay suites

Nearby

13

PlannedResidence Inn by Marriott

35 Atlantic Street131 guest roomsExpected completion 2015

Residential Profile

2007 2008 2009 2010 2011 2012

Citywide Single Family $853,692 $739,840 $665,153 $707,933 651,147 $654,645

Citywide Condominium $409,081 $378,930 $338,526 $339,975 306,332 $276,028

Downtown Single Family $386,101 $595,485 $495,770 $530,961 493,486 $482,196

Downtown Condominium $461,878 $349,258 $291,725 $330,236 271,239 $324,224

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

Av

era

ge

Sa

les

Pri

ce

Average Residential Sales Prices: Citywide & Downtown

Source: William Pitt Sotheby’s International Realty

1 mile 3 miles 5 miles 10 miles 15 miles

2014 Est. Households 18,578 49,020 68,221 137,420 292,800

2014 Est. Avg. Household Size 2.30 2.60 2.60 2.65 2.69

Source: CoStar Report (2014)

14

Recent Residential Complex Sales in Stamford8/2014 75 Tresser $121.0 MM

9/2014 Glenview House $69.1 MM

Residential Profile

Trump Parc on Washington Boulevard at Broad Street

Source: DSSD 15

Under Construction 2014-16

Within a 1 mile radius of Stamford Downtown Units

The Summer House 222

Park Square W. Phase II (at 66 Summer St.) and IV 418

Bedford Hall 82

New Inventory Totals: 722

Apartments & Condominiums Basis as of 1996

1997-2013

FacilityWithin a ¼ mile radius of Stamford Downtown

Pre-1996 1,600 A +CThe Classic - 25 Forest Street 144 CCanterbury Green- 201 Broad Street 106 CThe Biltmore - 127 Greyrock Place 161 A +CParc Grove - 200 Broad Street 401 A +CStamford Corners - 1455 Washington Boulevard 195 A +CThe Westcott - Washington Blvd. 280 APark Square West: Phase 1 - 101 Summer Street 143 AArchstone- Bedford &North 160 AAvalon at Greyrock Place - 50 Forest 306 AMill River House - 35 West Broad Street 92 AAdams Mill River House- 25 Adams 60 CMetropolitan - 1515 Summer Street 51 AGlenview House - 25 Glenbrook Road 142 AEastside Commons - 840 East Main Street 108 C100 Prospect Street 94 A11 Forest Street 16 ATrump Parc - 7 Broad Street 166 A +CThe Blvd. - 1201 Washington Boulevard 94 AParallel 41 - 1340 Washington Boulevard 124 A65 Prospect 127 A77 Prospect 143 ACornerstone at Bedford - 1425 Bedford Street 368 AHoyt Bedford - 112 Hoyt Street 352 AVillage at Stamford - 500 Bedford Street 160 AMorgan Manor - 83-95 Morgan Street 243 AHighgrove - 70 Forest Street 92 AThe Moderne – 163 Franklin Street 58 A75 Tresser – 75 Tresser Boulevard 344 AThe Verano – 750 Summer Street 58 ASUBTOTALS: 2,011 4,377Cumulative Total: 6,388A: apartmentsC: condos

Planned with Land Use Approvals 2014-16

Within a 1 mile radius of Stamford Downtown Units

Urban Ready Living (Parcel 38) 672

Rippowam Place (Washington Blvd. & Rippowam Pl.) 118

Morgan Lofts (Bedford St. & Morgan St.) 175

Atlantic Station (Post Office Site) 650

New Inventory Totals: 1615

Stamford Downtown Special Services District

The Stamford Downtown Special Services District (DSSD) brings 350,000 people Downtown annually through its 16 events which include the UBS Parade Spectacular (far left), Alive @ Five (center) and its famous outdoor sculpture exhibit (right).

A central component of the DSSD mission is to provide an inviting Downtown environment thorough Ambassador, Landscaping and Cleaning Services.

Promoting a Safe, Clean & Green Downtown

16