Union Square district’s momentum has only increased

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The Union Square District Continues to Thrive

The Union Square district’s momentum has only increased since our last report four months ago.

According to the Union Square Partnership, retail storefront occupancy has risen to 88.5%, up from 82% in April. This surge was driven by significant leases, such as Uniqlo securing over 19,000 square feet at 860 Broadway.

In the second quarter, more than 17,000 square feet of retail space was leased, a substantial increase from the same period in 2024. Time Out Market is set to replace Urbanspace with a 10,000 square-foot hall at Zero Irving, leading the food-and-beverage charge in the area.

Retail storefront occupancy in the Union Square district reached 82% in April — a 68% jump over 2024’s last quarter. Google Maps

Office availability in the district has decreased to 10.9%, lower than the 17% average in Manhattan. Buildings like Zero Irving, 200 Park Ave. South, and 860 Broadway are fully leased, contributing to this decline.

Capital One marked a significant milestone by expanding its headquarters at 114 Fifth Ave to over 96,000 square feet, bringing its total footprint in Union Square to 213,500 square feet.

The neighborhood continues to attract visitors, with a daily weekday average of 380,000, surpassing last year’s numbers by 10,000. The 14th Street-Union Square subway station serves 65,000 daily riders, a 12% increase from 2024.