The Downtown Alliance is a Lower Manhattan business improvement district organization that strives to make Lower Manhattan a wonderful place to live, work and play by creating a vibrant multi-use neighborhood.
Recent research from the organization shows what they call a ‘Brain Gain’, a recent demographic shift that includes an influx of highly educated, professional and tech industry residents as compared to the recent past.
Since 2000, there has been a monumental shift in the population of these high-value workers in the greater New York metro region. Extensive residential development and dramatic neighborhood revitalization in Manhattan, Brooklyn, and New Jersey’s Hudson River waterfront cities have attracted huge numbers of young, educated people. These workers – who prefer apartment living and shorter commutes via subway, PATH, ferry, bike and foot to suburban life and lengthy commutes via heavy rail or car – are driving professional and creative leasing in New York City.
The video above gives a summary of the findings, but in answer to the final question, I give you this.