Stamford Downtownwww.Stamford-Downtown.com

2015 Demographic Profile

Stamford Downtown 2015Demographic Profile

Map provided by The Nielsen Company (Site Report 2015) –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)

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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 2015 1 mile 3 miles 5 miles 10 miles

Population 44,309 129,652 175,282 371,113

Avg. Household Income $81,122 $114,314 $130,973 $139,179

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

2015 Education Attainment (Age 25+)

1 mile 3 mile 5 mile

Advanced Degree 14.06% 19.05% 22.25%

Bachelor’s Degree 22.18% 25.00% 27.12%

Associate’s Degree/Some College 23.71% 23.86% 22.56%

High School Diploma or GED 22.04% 20.09% 18.14%

High School Non-graduates 18.01% 12.00% 9.93%

49.37%

Source: CoStar Demographic Report 2015Source: 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

2015 Est. Median Age:(1 mile Radius)

35

2015 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 3,350 7.56% 8,543 6.59% 10,852 6.19%

5-19 7,113 16.06% 24,957 19.25% 35,082 20.02%

20-24 2,280 5.15% 7,047 5.44% 9,745 5.56%

25-44 17,278 38.99% 38,776 29.90% 47,377 27.04%

45-64 9,588 21.63% 33,382 25.75% 47,307 26.98%

65+ 4,700 10.61% 16,946 13.07% 24,919 14.22%

2015 Estimated Age Distribution (Numbers and Percentages):

1 mile 3 miles 5 miles

Source: CoStar Demographic Report 2015

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 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 52,279

5 mile radius 109,005Source: CoStar Daytime Employment Report 2015

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 Fall 2015: 158• Total Faculty and Staff: 15

Source: UConn Stamford 2015 & Sacred Heart University 2015

Weekday

InboundOutbound

9,2805,447

Total 14,727

Weekend

InboundOutbound

8,6373,395

Total 12,032

Source: Metro North Operations Report 2014 5

25,000 vehicles per day pass thru the intersection

of Atlantic/Broad/and Bedford

Business Employment & Corporate Profile

Source: CoStar Daytime Employment Report 2015

Total Number of Businesses(1 mile radius):

4,707 6

Retail14%

Finance-Insurance-Real Estate17%

Scientific & Technology Services

21%

Construction6%

Manufacturing2%

Other8%

Hospitality & Food Service

6%

Health Care & Social Assistance

26%

Business Sectors in Stamford Downtown

Business Employment & Corporate Profile

Source: The Business Council of Fairfield County

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0 500 1,000 1,500 2,000 2,500 3,000

2015 Top Stamford EmployersStamford HospitalUBSStamford Town CenterRBSCity of Stamford: City GovernmentCity of Stamford: Board of EducationDeloitteGeneral Electric Capital CorporationStarwood HotelsUS Postal ServiceGenRe CorporationPoint72 Asset ManagementGartner GroupXL ReinsurancePurdue PharmaNBC SportsPitney BowesPricewaterhouseCoopersNestle Waters North AmericaAffinion GroupOracle Corp./Hyperion SolutionsWWEConair CorporationOmega EngineeringDaymon WorldwideThomson Reuters CorporationNBCUniversalSynapse GroupErnst & YoungElizabeth ArdenChelsea Piers CTOdyssey ReKPMG LLC

Office Market Profile

CBD Class A Office- 3rd Quarter 2015

CBD Class B Office-3rd Quarter 2015

* Includes direct and sublease office space

Source: CBRE Inc. Fairfield County Statistic Report8

Central Business DistrictOffice Space: Class A & BExisting: 53 Buildings - 9,755,855 sfProjected:Metro Transit Center 600,000 sfGateway 323,000 sf

Number of Buildings: 34

Total Square Footage: 8,330,271 sf

Combined Available Space: 2,097,678 sf*

Availability Rate: 25.18%

Average Asking Rent: $45.76/sf

Number of Buildings: 19

Total Square Footage: 1,425,584 sf

Combined Available Space: 334,607 sf*

Availability Rate: 23.47%

Average Asking Rent: $33.54/sf

Recent Sales in Stamford 14/15

1290 Summer St. 41,000 SF $12.0 MM ($292.00 psf)

201 High Ridge Rd. 200,000 SF $17.0 MM ($85.00 psf)

110 Prospect St. 7,996 SF 1.02MM ($105.37 psf)

600 Summer St. 101,070 SF $10.65MM ($105.37 psf)

Source: City of Stamford Tax Assessor’s Office, Stamford Advocate

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

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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 (2015)

Stamford DowntownAnchors

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2015 Stamford DowntownRetail Occupancy

95.3%*

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 (2015)

Stamford Town Center

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Apparel6%

Entertainment8%

Food at Home16%

Food Away from Home

12%

Alcoholic Beverages

2%Furniture/Appliances

15%

Transportation/Maintenance

29%

Health Care4%

Education/Day Care8%

2015 Total Annual Consumer Spending

0%

10%

20%

30%

40%

50%

60%

70%

Retail Potential Retail Sales

Source: CBRE Inc. Fairfield County Statistic Report

Trends in Retail Rental Rates

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 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 roomsExpected completion 2016

Residential Profile

Source: Juner William Pitt Sotheby’s International Realty

1 mile 3 miles 5 miles 10 miles 15 miles

2015 Est. Households 18,603 49,503 66,210 137,420 292,800

2015 Est. Avg. Household Size 2.30 2.60 2.60 2.65 2.69

Source: CoStar Demographic Report (2015)

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Recent Residential Complex Sales in Stamford

8/2014 75 Tresser $121.0 MM

9/2014 Glenview House $69.1 MM

10/2015 Village Stamford $45.0 MM

Residential Profile

Trump Parc on Washington Boulevard at Broad Street

Source: DSSD 15

Under Construction 2015-16

Within a 1 mile radius of Stamford Downtown Units

The Summer House 226

Park Square West Phase IV 209

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

Morgan Lofts 175

Bedford Hall 82

New Inventory Totals: 810

Apartments & Condominiums Basis as of 1996

1997-2015

FacilityWithin a ¼ mile radius of Stamford Downtown

Pre-1996 1,600 A +C

The Classic - 25 Forest Street 144 C

Canterbury Green- 201 Broad Street 106 C

The Biltmore - 127 Greyrock Place 161 A +C

Parc Grove - 200 Broad Street 401 A +C

Stamford Corners - 1455 Washington Boulevard 195 A +C

The Westcott - Washington Blvd. 280 A

Park Square West: Phase 1 - 101 Summer Street 143 A

Archstone- Bedford &North 160 A

Avalon at Greyrock Place - 50 Forest 306 A

Mill River House - 35 West Broad Street 92 A

Adams Mill River House- 25 Adams 60 C

Metropolitan - 1515 Summer Street 51 A

Glenview House - 25 Glenbrook Road 142 A

Eastside Commons - 840 East Main Street 108 C

100 Prospect Street 94 A

11 Forest Street 16 A

Trump Parc - 7 Broad Street 166 A +C

The Blvd. - 1201 Washington Boulevard 94 A

Parallel 41 - 1340 Washington Boulevard 124 A

65 Prospect 127 A

77 Prospect 143 A

Cornerstone at Bedford - 1425 Bedford Street 368 A

Hoyt Bedford - 112 Hoyt Street 352 A

Village at Stamford - 500 Bedford Street 160 A

Morgan Manor - 83-95 Morgan Street 243 A

Highgrove - 70 Forest Street 92 A

The Moderne – 163 Franklin Street 58 A

75 Tresser – 75 Tresser Boulevard 344 A

The Verano – 750 Summer Street 58 A

66 Summer – 66 Summer Street 209 A

SUBTOTALS: 2,011 4,586

Cumulative Total: 6,597

A: apartmentsC: condos

Planned with Land Use Approvals 2015-16

Within a 1 mile radius of Stamford Downtown Units

Urban Ready Living (Parcel 38) 672

Atlantic Station (Post Office Site) 650

New Inventory Totals: 1,322

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

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