Stamford Downtownwww.Stamford-Downtown.com

2017 Demographic Profile

Stamford Downtown 2017Demographic 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

Estimated 2016 1 mile 3 miles 5 miles

Population 46,158 131,617 177,052

Avg. Household Income $89,536 $119,149 $135,201

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

2016 Education Attainment (Age 25+)

1 mile 3 mile 5 mile

Advanced Degree 15.96% 20.22% 23.52%

Bachelor’s Degree 23.62% 25.36% 27.38%

Associate’s Degree/Some College 23.78% 24.30% 22.67%

High School Diploma or GED 19.18% 18.33% 16.67%

High School Non-graduates 17.47% 11.80% 9.76%

50.90%

Source: CoStar Demographic Report (2017)Source: http://www.stamfordadvocate.com/

According to the U.S. Census update, between 2010 and 2015, Connecticut’s population increased by about 22,000

people—and 25% of that increase happened in Stamford.

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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)

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2016 Est. Population by Sex

1 mile 3 miles 5 miles

Male 49.32% 48.74% 48.36%

Female 50.68% 51.26% 51.64%

0-4 3,395 7.36% 8,462 6.43% 10,726 6.06%

5-19 7,684 16.65% 25,494 19.37% 35,369 19.98%

20-24 2,334 5.06% 7,329 5.57% 10,218 5.77%

25-44 17,554 38.03% 38,804 29.49% 47,404 26.78%

45-64 10,280 22.28% 34,256 26.03% 48,072 27.15%

65+ 4,913 10.64% 17,270 13.12% 25,265 14.27%

2016 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 survey of the approximately 20,000 individuals living in StamfordDowntown, the typical Stamford Downtown Resident is:

Young: 65% of households in the Downtown have someone 18-34, while 62% have none 35 or older.

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)

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

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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 62,0545 mile radius 109,005

Source: 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 2016: 1,500• Total Graduate Enrollment as of Fall 2016: 500• Total Fulltime Faculty and Staff: 80

Sacred Heart University - Graduate Center• Total Graduate Enrollment as of Spring 2017: 240• Total Faculty and Staff: 12Source: UConn Stamford 2016 & 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 March 2017, 2,943,543 vehicles visited

Stamford Downtown

Business Employment & Corporate Profile

Source: CoStar Daytime Employment Report (2017)

Total Number of Businesses

(1 mile radius): 6,017 6

Finance & Insurance10% Health Care &

Social Assistance

23%

Hospitality & Food Service

5%

Information2%Manufacturing

2%

Other Services10%

Public Administration & Sales2%

Real Estate, Renting, Leasing

6%

Retail & Wholesale

Trade 13%

Scientific & Technology Services

21%

Utitlties & Waste Management

6%

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 2,500

2017 Top Stamford EmployersStamford Town Center

Stamford Hospital

RBS

Deloitte

UBS

NBC Sports

Gartner Inc.

XL Reinsurance

General Re Corporation

Indeed.com

Purdue Pharma LP

Pitney Bowes

Point 72

Nestle Waters North Amercia

PricewaterhouseCoopers

Affinion Group

Conair Corporation

WWE

Synchrony Financial

Daymon Worldwide

NBC Universal (Studio Shows)

Elizabeth Arden

Ernst & Young

Synapse Group

Odyssey Re

KPMG LLP

*Charter Communications

Encompass Digital Media

Genworth Financial

Towers Watson

Vineyard Vines

Novitex

Fuji Medical Systems

AmeriCares

Northwestern Mutual-Stamford

Tronox

Thomson Reuters Corporation

* Pending employee growth from Time Warner merger.

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: 9,742,804 sf

Total Available: 3,235,848 sf

Availability Rate: 33.2%

Vacancy Rate: 30.5%

Net Absorption: -339,351 sf

Leasing Velocity:(*New Leasing Only)

171,201 sf

Average Asking Rent: $42.79 psf

Recent Office Sales in Stamford 2016-2017:

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

RBS, 600 Washington Boulevard

CBD Class A & B Office – 1st 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 sf

Sources: DSSD & Taubman Company

Source: CoStar Demographic Report (2016)

Stamford DowntownAnchors

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2017 Stamford DowntownRetail Occupancy

92.5%*

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 Sales

Source: 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

2016 Estimated Households 19,226 50,172 66,806

2016 Avg. Household Size 2.30 2.60 2.60

2016 Avg. Household Vehicles 1.00 2.00 2.00

Owner Occupied 5,51128.66%

26,34152.50%

39,25458.76%

Renter Occupied 13,71671.34%

23,83147.50%

27,552 41.24%

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

Commuters in front of UBS on North State Street

Residential Profile Trump Parc on Washington Boulevard at Broad Street

Source: Stamford Downtown 15

Under Construction 2017-18

Units

Atlantic Station 650

Park Square West IV 209

New Inventory Totals: 859

Recently Completed 2016-2017

Units

Element One 175

Bedford Hall 82

UConn Stamford Dormitories 116

New Inventory Totals: 373

Proposed Pending Land Use Approvals 2017-18

Units245 Atlantic 212

New Inventory Totals: 212

Proposed with Land Use Approvals 2017-18

UnitsURL Stamford 672

New Inventory Totals: 672

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+C

N/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 A

N/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

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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