Union Square/Flatiron Market Trends

Union Square is an important and historic intersection in Manhattan in New York City, New York, located where Broadway and the former Bowery Road – now Fourth Avenue – came together in the early 19th century; its name celebrates neither the Federal union of the United States nor labor unions but rather denotes that "here was the union of the two principal thoroughfares of the island".
Today, Union Square Park is bounded by 14th Street on the south, Union Square West on the west side, 17th Street on the north, and on the east Union Square East, which links together Broadway and Park Avenue South to Fourth Avenue and the continuation of Broadway. The park is under the aegis of the New York City Department of Parks and Recreation.
The neighborhoods around the square are the Flatiron District to the north, Chelsea to the west, Greenwich Village to the southwest, East Village to the southeast, and Gramercy to the east. Many buildings of The New School are near the square, as are several dormitories of New York University.
The eastern side of the square is dominated by the four Zeckendorf Towers, on the former site of the bargain-priced department store, S. Klein, and the south side by the full-square block mixed-use One Union Square South. It features a kinetic wall sculpture and digital clock expelling bursts of steam, titled Metronome. Among the heterogeneous assortment of buildings along the west side is the Decker Building.

Currently, the average rents in this neighborhood are approximately:

Bedrooms Average Rent
Studios $3,681
1 bedroom $4,208
2 bedrooms $5,936
3 bedrooms $7,928
Listing Price Bed/Bath

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