Stamford Downtown 2018Demographic Profile
Map provided by The Nielsen Company (Site Report) –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…………… 16
Stamford has been ranked in the Top 10 in this year’s Financial Times’ fDi “American Cities of the Future 2017/2018” report.
Source: Financial Times Ltd
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Stamford Population Profile
Outdoor dining on Bedford Street
Shoppers at the Stamford Downtown Farmer’s Market
Dining and mingling on Lower Summer Street
2017 Estimate 1 mile 3 miles 5 miles
Population 46,129 131,373 176,594
Avg. Household Income $89,402 $118,164 $133,918
Note: Trade area rings start at the corner of Atlantic Street & Broad Street in Stamford Downtown.
2017 Education Attainment (Age 25+)1 mile 3 mile 5 mile
Advanced Degree 15.93% 20.18% 23.45%
Bachelor’s Degree 23.54% 25.32% 27.34%
Associate’s Degree/Some College 23.8% 24.33% 22.71%
High School Diploma or GED 19.21% 18.35% 1671%
High School Non-graduates 17.52% 11.81% 9.78%
50.79%
Source: CoStar Demographic Report (2017)Source: www.stamfordadvocate.com
According to the Costar, between 2010 and 2017, in 1 mile radius, the population growth increased
by nearly 13%.
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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
2017 Average Age:(1 mile Radius)
36
2017 Population by Sex1 mile 3 miles 5 miles
Male 49.32% 48.74% 48.36%
Female 50.68% 51.26% 51.64%
0-4 3,340 7.24% 8,321 6.33% 10,546 5.97%
5-19 7,736 16.77% 25,607 19.49% 35,493 20.09%
20-24 2,342 5.08% 7,343 5.59% 10,235 5.80%
25-44 17,518 37.97% 38,674 29.43% 47,210 26.74%
45-64 10,361 22.46% 34,467 26.24% 48,317 27.33%
65+ 4,832 10.47% 16,960 12.91% 24,792 14.04%
2017 Age Distribution (Numbers and Percentages):
1 mile 3 miles 5 miles
Source: CoStar Demographic Report (2017)
Fernando Luis Alvarez GalleryLunch at Bedford Street outdoor patio
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Diners enjoying happy hour in Columbus Park
Stamford Downtown Population ProfileAccording to a 2016-2017 survey of the over 550 individuals living in StamfordDowntown, the typical Stamford Downtown Resident is:
Young: 84% of households in the Downtown have someone 18-34, while 71% have none 35 or older.
Affluent: $114,000 is the median income for Downtownresidents (as compared to $70,331 in-state, $84,233 in Fairfield County and $79,359 in the City of Stamford).
Employed: 70% of Downtown households have someone who works, 54% in the City of Stamford or Downtown and 68% within 15 miles of home. 7% work in NYC.
Source: Witan Intelligence (7/2017)
Smart: 94% of households have someone with a college or advanced degree. 46% have a master’s degree or higher.
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Daytime Population
Stamford Transportation Center
UConn Stamford in the heart of Stamford Downtown
Daytime Employees in Stamford Downtown
1 mile radius 63,711Source: CoStar Daytime Employment Report 2017
Metro North Weekday Ridership
StudentsUniversity of Connecticut - Stamford
Located in the heart of Stamford Downtown• Total Undergraduate Enrollment as of Fall 2017: 1,700• Total Graduate Enrollment as of Fall 2017: 600• Total Fulltime Faculty and Staff: 110Sacred Heart University - Graduate Center• Total Graduate Enrollment as of Spring 2017: 240• Total Faculty and Staff: 12Source: UConn Stamford 2017 & Sacred Heart University 2017
Weekday
InboundOutbound
9,2605,350
Total 14,610
Weekend
InboundOutbound
8,6373,395
Total 12,032
Source: Metro North Operations Report (2015) 5
In June 2017, 3,125,599 vehicles visited
Stamford Downtown
Business Employment & Corporate Profile
Source: CoStar Daytime Employment Report (2017)
Total Number of Businesses
(1 mile radius): 6,137 6
Construction5% Finance & Insurance
9%Health Care &
Social Assistance
24%
Hospitality & Food Service
5%Information2%
Manufacturing 2%
Other Services10%
Public Administration & Sales2%
Real Estate, Renting, Leasing
5%
Retail & Wholesale
Trade 12%
Scientific & Technology Services
19%
Utitlties & Waste Management
5%
BUSINESS SECTORS IN STAMFORD DOWNTOWN
Business Employment & Corporate Profile
Source: The Business Council of Fairfield County 7
0 500 1,000 1,500 2,000 2,500Thomson Reuters Corporation
Cytec Solvay GroupNorthwestern Mutual-Stamford
TronoxAmeriCares
Fuji Medical SystemsEsselte Corp.
OctagonNovitex
Vineyard VinesCharter CommunicationsEncompass Digital Media
Genworth FinancialPartner RE
RSM US LLPTowers Watson
KPMG LLPOdyssey Re
Elizabeth ArdenErnst & Young
Greenwich AssociatesSynapse Group
NBC Universal (Studio Shows)Daymon Worldwide
World Wrestling Federation…XL Group
Henkel/Sun ProductsConair Corporation
Affinion GroupNestle Waters North Amercia
PricewaterhouseCoopersPitney Bowes
Point 72General Re Corporation
Indeed.comPurdue Pharma LP
Synchrony FinancialGartner Inc.
NBC Sports GroupUBS
DeloitteRBS
Stamford HospitalStamford Town Center
2017 TOP STAMFORD EMPLOYERS
Office Market Profile
Source: CBRE Inc. Fairfield County Statistic Report
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Central Business DistrictOffice Space: Class A & BExisting: 53 Buildings -9,742,804 sf
Total Inventory: 9,754,562 sf
Total Available: 3,626,828 sf
Availability Rate: 34.1%
Vacancy Rate: 31%
Net Absorption: (79,222) sf
Leasing Velocity:(*New Leasing Only)
171,201 sf
Average Asking Rent: $43.37 psf
Recent Office Sales in Stamford 2016-2017:
680 Washington Blvd. 133,000 sf $42 MM ($315.79 psf)
750 Washington Blvd. 186,148 sf $53.7 MM ($288.48 psf)
750 East Main St. 97,197 sf $8.1 MM ($83.33 psf)
441 Summer St. 10,000 sf $2.35 MM ($235.00 psf)
294 & 300 Main St. 92,337 sf $11.65 MM ($126.17 psf)Source: City of Stamford Tax Assessor’s Office
Purdue Pharma, 1 Stamford Forum on Tresser Boulevard
CBD Class A & B Office – 2nd Quarter 2017
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 Class A 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) Class A 513,500 sf
1,2,3,4 Stamford Plaza Class A 967,802 sf
1 Station Place Class A 280,074 sf
600 Summer Street Class B 101,070 sf
600 Washington Blvd Class A 574,831 sf
677 Washington Blvd 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
Source: Cushman & Wakefield Research Services9
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 Demographic Report (2016)
Stamford DowntownAnchors
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Home Improvement Stores
2%
General Merchandise Stores
3%
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
Saks Fifth Ave. Off Fifth 78,000 sf
Barnes & Noble 40,000 sf
Apple 10,000 sf
*Not Including Stamford Town Center Occupancy Rate
Retail Profile
Source: CoStar Retail Spending Report (2016)
Stamford Town Center
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Apparel6%
Entertainment8%
Food at Home16%
Food Away from Home
12%
Alcoholic Beverages
2%
Furniture/Appliances15%
Transportation/Maintenance
29%
Health Care4%
Education/Day Care8%
2016 Total Annual Consumer Spending
0%10%20%30%40%50%60%70%
Retail Potential Retail SalesSource: CBRE Inc. Fairfield County Statistic Report (2015)
Retail Sales Potential vs. Actual Sales
Economic Generators: Dining & Entertainment
Avon Theatre on Bedford Street Dining and Mingling on Main Street
Annual Attendance
Movie Theater Attendees(Bowtie Cinemas & Avon Theater Film Center)
Downtown Special Events
Stamford Media Center Attendees (NBC Universal)
Palace Theater AttendeesSources: Avon Theatre & Stamford Center for the Arts
According to America for the Arts, a national research organization,
theatre attendees spend an average of $23 per person before
or after visiting the theatre.
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Economic Generators: Hotels (2,163 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
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Under ConstructionResidence Inn by Marriott
35 Atlantic Street156 guest rooms
Residential Profile
1 mile 3 miles 5 miles
2017 Estimated Households 19,214 50,108 66,685
2017 Avg. Household Size 2.40 2.60 2.60
2017 Median Home Value $332,667 $559,077 $698,818
Owner Occupied 5,48828.56%
26,28052.45%
39,12458.67%
Renter Occupied 13,72671.44%
23,82847.55%
27,560 41.33%
Source: CoStar Demographic Report (2017) 14
Recent Residential Complex Sales in Stamford
5/2016 Highgrove $87.5 MM
1/2017 66 Summer $67.5 MM
1/2017 Parallel 41 $33.35 MM
9/2017 Bedford Hall $24.5 MMCommuters in front of UBS on North State Street
Residential Profile Trump Parc on Washington Boulevard at Broad Street
Source: Stamford Downtown 15
Under Construction 2017-18Units
Atlantic Station 650
Vela on the Park 209
URBY Stamford 672
New Inventory Totals: 1,531
Proposed Pending Land Use Approvals 2017-18Units
245 Atlantic 212
New Inventory Totals: 212
Within a 1 mile radius of Stamford Downtown
Year Apartments & Condominiums Basis as of 1996
1997 -2017 FacilityBuilt Within a ¼ mile radius of Stamford Downtown
Pre-1996 1,600 A+C1990 The Classic - 25 Forest Street 144 C1986 Canterbury Green - 201 Broad Street 106 C1989 The Biltmore - 127 Greyrock Place 161 A+C1996 Parc Grove - 200 Broad Street 401 A+C1999 Stamford Corners - 1455 Washington Boulevard 195 A+CN/A The Wescott - 1450 Washington Boulevard 280 A2001 Park Square West: Phase 1 - 101 Summer Street 143 A2002 Archstone- Bedford & North 160 A2001 AVA Stamford - 50 Forest 306 A2005 Mill River House - 35 West Broad Street 92 A2006 Adams Mill River House- 25 Adams 60 C2006 Metropolitan - 1515 Summer Street 51 A2009 Glenview House - 25 Glenbrook Road 142 A2008 Eastside Commons - 840 East Main Street 108 C2009 100 Prospect Street 94 A2008 11 Forest Street 16 A2009 Trump Parc - 7 Broad Street 166 A+C2011 The Blvd. - 1201 Washington Boulevard 94 A2011 Highgrove - 70 Forest Street 92 AN/A 65 Prospect 127 AN/A 77 Prospect 143 AN/A Cornerstone at Bedford - 1425 Bedford Street 368 AN/A Hoyt Bedford - 112 Hoyt Street 352 AN/A Village at Stamford - 500 Bedford Street 160 AN/A Morgan Manor - 83-95 Morgan Street 243 A2013 Parallel 41 - 1340 Washington Boulevard 124 A2013 The Moderne – 163 Franklin Street 58 A2014 75 Tresser – 75 Tresser Boulevard 344 A2014 The Verano – 750 Summer Street 58 A2015 66 Summer – 66 Summer Street 209 A2016 Summer House – 184 Summer Street 226 A2016 Element One – 111 Morgan Street 175 A2016 Bedford Hall - 545 Bedford Street 82 A2017 UConn Stamford Dormitories 116 A
SUBTOTALS: 2,011 5,185Cumulative Total: 7,196
Recently Completed 2016-17Units
Summer House 226Element One 175Bedford Hall 82UConn Stamford Dormitories 116
New Inventory Totals: 599
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, through Ambassador, Landscaping and Cleaning Services.
Promoting a Safe, Clean & Green Downtown
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