Lower Manhattan is emerging as a mecca for millennials (defined here as people born between 1977 and 1996), according to a new report prepared by RENTCafe, a nationwide apartment search website.
The study, produced by Nadia Balint, a senior writer and researcher at RENTCafe, finds that urban cores across the nation are magnets for this generation of young people. But it also documents that the 10282 zip code (in northern Battery Park City) has experienced the third-largest influx of this age group of any locality in the nation, with a 54 percent jump between 2011 and 2016. (The first- and second-place meccas for millennials were two sections of Downtown Los Angeles.)
Separately, the same report also concludes that another area of Lower Manhattan (the 10005 zip code — a catchment bounded roughly by Broadway, Beaver Street, South Street, and Liberty Street) is tied for second place nationwide in term of overall percentage of the local population that is comprised of millennials. In this part of the Financial District, fully 71 percent of residents were born between the year “Three’s Company” debuted, and when “The Fresh Prince of Bel Air” aired its last episode. FiDi tied with the Manayunk neighborhood of Philadelphia, and both of these came in behind the West Loop section of Chicago.
Measured by raw numbers of millennials, however, no section of Lower Manhattan (or any of the other neighborhoods across the nation mentioned here) even makes the top 20 list. In this ranking, the Williamsburg section of Brooklyn takes the nationwide top spot, with 43,700 people born between the years that “Star Wars” and “Independence Day” ruled the box office calling that neighborhood home.
To read the original report on which this story is based, click here.