central business district
DESCRIPTION
Niagara Falls Central Business District- Where Exciting Development Takes Place!TRANSCRIPT
The Niagara Falls Central Business District, where exciting
development takes place!
World’s Most-Visited Tourist Attractions Source: Travel& Leisure Magazine 2011
#1 Times Square, New York
City
39,200,000
#2 Central Park, New York
City
39,200,000
#3 Union Station,
Washington, D.C.
37,000,000
#4 Las Vegas Strip
29,467,000
#6 Grand Central Terminal,
NY City
21,600,000
#7 Faneuil Hall
Marketplace, Boston
18,000,000
#8 Disney World’s Magic
Kingdom, Orlando
16,972,000
#9 Disneyland Park
Anaheim, CA
15,980,000
#10 Grand Bazaar, Istanbul
15,000,000
#5 Niagara Falls
22,500,000
The geographic location of Niagara Falls, New York provides access to
38% of the U.S. population and 59% of the Canadian population within a
1-day drive…that’s nearly 140 million people.
Bridges located in
Niagara County
U.S.– Canada International Border Crossings for Trucks and
Passenger Vehicles in the Buffalo-Niagara Region
0
2
4
6
8
10
12
14
Passenger
Trips (
in m
illio
ns)
Buffalo Niagara
Detroit, MI
Port Huron , MI
Blaine, WA
U.S.- Canada Passenger Trips by Border Crossing Source: Bureau of Transportation Year 2011
Buffalo Niagara consistently ranks as the top U.S.-Canada border crossing region for
passengers. The region ranks 2nd behind Detroit-Windsor for truck crossings.
U.S.- Canada Border Crossings in the Buffalo Niagara Region by Rank
Compared to Other U.S.- Canada Border Crossing Regions Source: Binational Economic and Tourism Alliance, Year 2012
Crossing Statistics Border Rank % of All Entries from
Canada to U.S.
Trucks 2 17%
All Trains 3 10%
Passenger Trains 4 13%
All Buses 2 25%
Passenger Buses 1 35%
Personal vehicles 1 20%
Personal vehicle w/ passengers 1 22%
Pedestrians 1 64%
20
30
40
50
60
70
80
90
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 (est.)
$U
.S. D
oll
ars
(in
bil
lio
ns)
Imports
Exports
Total Trade
Linear (Total Trade)
Value of Overland Trade in the
Buffalo Niagara International Trade Gateway Source: Binational Economic and Tourism Alliance, 2010 – Trade data obtained from
Research & Innovative Technology Administration Bureau of Transportation Freight Data
• Total trade increased from 2002 until 2008 peaking at more than $80 billion in combined imports and exports.
• The decrease in 2009 was related to the global economic downturn, which saw U.S. GDP drop by almost 3%.
• The overall trend shows a continued increase in the value of overland trade in the Buffalo Niagara trade gateway.
2.5 2.8 2.5 2.7 2.8 3.4 3.5 3.8 3.2 2.8 2.7 2.5 2.4 2.5 2.6 2.3 2.5 2.6
5.4 5.8 6.2 9.3
4.8 6.9 6.8 8.3 7.4 6.2 6.9 5.0 5.3 5.0 4.4
3.9 3.7 4.5 4.6
4.6 4.7 4.6 4.3 4.3 4.8 4.6
5.0 4.6 4.5 5.0
5.0 5.4 5.5
6.1
6.1 5.6 5.5 5.7 5.6 6.0 5.4 6.2 3.8 2.9 3.2 5.0 5.7
6.1
6.2 7.5
8.4 8.1 7.4 7.3 6.9 6.5 6.8
18.6 17.0
14.0
12.5 12.2 12.7
10.3 11.6 10.2 12.0 10.6
9.6 10.2 8.9 8.2
8.8 8.4
9.2 8.7 8.1
8.1 8.3 9.3 9.3 9.2 8.8
8.4 9.3 8.9 8.9
9.0 9.4
9.3 8.5 8.9
10.1 10.4 11.7 11.7 12.0 13.1
14.0 12.4 15.2 14.3
19.5 20.8
21.5 23.9 24.4
19.4 18.6 17.2 16.1 14.6 14.9
15.3 15.5 15.8 15.6
25.6 26.7 28.3 24.2 23.0 24.1 22.8 23.3 23.9 24.5 24.3 25.5 26.3 25.3 27.4
0
10
20
30
40
50
60
70
80
90
100
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Pro
po
rtio
n o
f To
tal
Tra
de (
%)
All Others Combined
New York
Pennsylvania
Ohio
Michigan
California
New Jersey
North Carolina
Illinois
Massachusetts
Proportion of Total U.S. Overland Trade with Canada by State Source: Binational Economic and Tourism Alliance, Year 2011
• Nearly 16% of all trade in New York State trade and 14% of all trade in Pennsylvania is
with Canada.
U.S. Bound Canadian Traffic – 2011 Source: Niagara Falls Bridge Commission, Year 2011
Vehicle Crossing per month Lewiston - Queenston Whirlpool Rainbow
January 106,238 14,740 100,829
February 104,819 13,795 97,447
March 134,854 16,942 122,369
April 142,380 19,855 142,528
May 156,306 21,837 156,527
June 158,061 22,385 168,366
July 173,175 27,058 219,959
August 180,129 27,564 217,957
September 165,690 24,856 164,851
October 157,198 23,493 155,367
November 150,633 21,915 140,094
December 150,738 22,921 145,670
1,780,221 257,361 1,831,964
Each Year approximately 3,869,546 vehicles enter the United States from Canada
via Niagara County’s three international bridges.
63%
17%
11%
9%
Recreation (attend events, vacation, visit second home)
Visit friends and relatives
Business convention
Other (shopping, personal, etc.)
Reason for Trip for the 20 Million Canadian Visitors
Staying One or More Nights in the U.S. in 2010 Source: International Trade Administration, 2010
Total Recreational Trips
6.2 Million
Overnight Recreational Trips
2.8 Million
Overnight Recreational Trip Spending
$491 Million
Recreational Day
Trips
3.4 Million
Recreational Day Trip Spending
$220 Million
Total Spent for Recreational Trips
$711 Million
The demographic profile of the average Canadian traveler:
48 year old educated adult w/out children under age 18
Employed with an income between $25k-149.9k
The Canadian Traveler Source: Longwoods International-Visitor Report
MSA’s Rank Average Home
Price (National
Avg. $171,700)
Unemployment
Rate (National
Avg. 10.2)
Percent
above/below
National Cost of
Living
Quality of Life
Pittsburgh, PA 1 $116,400 7.8 -12.2
Ranked Best Sports City:
Pittsburgh Pirates, Pittsburgh
Steelers, and the Pittsburgh
Penguins
Buffalo-Niagara,
NY 2 $119,700 8.3 -14.4
Many Area Parks including the
Mighty Niagara Falls. Home to
the Buffalo Bills, Buffalo
Sabres
Omaha, NE 3 $137,600 4.7 -12.4
Home to Warren Buffet and
therefore has attracted 5 Fortune
500 Companies
Fort Worth, TX 4 $119,300 8.3 -10.2
Growing arts and culture. Home of
the Dallas Cowboys and Texas
Rangers
Austin, TX 5 $188,600 6.5 -2.4
“crazy quilt” mixture of art, improv,
country music, environmentalism
and high tech.
Top 5 Cities to Move to in America Source: CNBC 2012
The Buffalo Niagara region has transitioned from its industrial past into a more
diverse and sustainable economy, and therefore considered a great place to live!
Number of Employees in Niagara County by Employment Sector Source: U.S. Census Bureau County Business Patterns, 2010
Health care and social assistance
10,366
Retail trade 10,163
Accommodation and food services
8,429
Manufacturing 7,784
Business support services
3,232
Other services 2,832
Construction 2,406
Transportation and warehousing
2,201
Wholesale trade 2,086
Professional, scientific, and technical services
1,898
Educational services 1,887
Management of companies
1,315
Finance and insurance 1,217
Information 794
Arts, entertainment, and recreation
791 Other 905
Metropolitan
Statistical Area
Accountant Human
Resources
Generalist
Computer
Programmer
IT
Systems
Admin.
Customer
Service
Rep.
Insurance
Underwriter
Claims
Adjuster
United States $50,126 $50,312 $66,564 $67,690 $34,539 $52,485 $45,269
Boston, MA $53,830 $54,041 $72,927 $74,416 $37,882 $56,513 $48,327
Buffalo-Niagara,
NY
$48,659 $48,852 $64,228 $65,458 $34,020 $51,120 $43,608
Charlotte, NC $48,917 $49,119 $66,937 $68,283 $33,379 $51,491 $43,614
Hartford, CT $55,476 $55,685 $72,005 $73,045 $39,299 $58,129 $50,008
Jacksonville, FL $47,038 $47,240 $65,461 $66,854 $31,926 $49,606 $41,753
Nashville, TN $45,900 $46,084 $61,464 $62,609 $32,075 $48,247 $41,063
New York, NY $57,875 $58,106 $78,286 $79,929 $38,849 $60,804 $51,844
Norfolk, VA $48,301 $48,500 $65,909 $67,310 $32,179 $50,827 $43,098
Tampa, FL $47,604 $47,809 $65,164 $66,599 $32,206 $50,210 $42,235
Richmond, VA $49,385 449,585 $67,301 $68,661 $34,216 $51,925 $44,161
Salaries for Select Positions in the Buffalo-Niagara Region
Compared to Other U.S. Metropolitan Areas Source: Buffalo Niagara Enterprise, 2010
Metropolitan Statistical
Area
Ranking
San Jose, CA 1
Austin, TX 2
Oklahoma City, OK 3
Buffalo-Niagara, NY 4
Pittsburgh, PA 5
Milwaukee, WI 6
Rochester, NY 7
Raleigh, NC 8
Richmond, VA 9
Hartford, CT 10
Best U.S. Cities and Towns for College Source: American Institute for Economic Research (AIER) College Destination Index 2012-2013
AIER: The characteristics that make up a great college destination also
make a location ideal for a business, retirement and tourism.
Metropolitan Statistical Area High School Diploma or
Higher (%)
Buffalo- Niagara, NY (1,124,608) 89.3
Birmingham, AL (1,122,351) 84.8
Fresno, CA (902,763) 72.4
Louisville, KY (1,248,447) 83.7
New Orleans, LA (1,155,981) 83.7
Oklahoma City, OK (1,208,608) 87.1
Raleigh, NC (1,087,368) 88.7
Richmond, VA (1,255,927) 86.5
Rochester, NY (1,033,401) 89.1
Salt Lake City, UT (1,111,496) 89.2
Tulsa, OK (916,909) 87.3
Percentage of the Population 25 Years and Older with a
H.S. Diploma and/or Higher in MSA’s of Comparable Size Source: American Community Survey 1-Year Estimates, 2011
County (population) Residing in same
home 1+ years
Rate of home
ownership
Median value of owner-
occupied housing
Niagara, NY (216,011) 89% 70.9% $97,600
Thurston, CA (256,591) 81.7% 67.4% $257,800
Alachua, FL (249,365) 73.4% 54.9% $189,600
Montgomery, AL (232,032) 79.6% 63.2% $121,000
Durham, NC (273,392) 76.3% 55.6% $176,100
Yakima, WA (247,141) 82% 64.1% $149,700
Niagara County homeownership rates have been steadily increasing while other areas
across the U.S. have seen a decline. This is due in part to the low cost of homeownership,
but it also demonstrates that Niagara County's housing market has remained strong in the
midst of the U.S. housing crisis.
Select Housing Characteristics for Niagara County
and Other Counties in U.S. of Comparable Size Source: American Community Survey 5-Year Estimates, 2006-2010
MSA’s (population) 2008 2009 2010
Niagara, NY (1,124,608) 60.3 64.5 67.6
Fresno, CA (902,763) 52.6 49.3 52.6
Louisville, KY (1,248,447) 67.7 63.4 61.7
New Orleans, LA (1,155,981) 68.2 66.9 63.9
Richmond, VA (1,255,927) 72.2 68.1 65.2
Honolulu, HI (963,607) 57.6 54.9 54.1
Niagara County housing has been steadily increasing while other areas across the country
have seen a decline in homeownership rates. This is in part due to the low costs of
homeownership.
Rate of Homeownership for the Niagara Region
and Other Metropolitan Statistical Areas in U.S. of Comparable Size Source: American Community Survey 3-Year Estimates, 2007-2009
MSA’s Housing
Affordability
Rank
Housing
Price Rank
Akron, OH 1 66
Grand Rapids, WY 2 46
Youngstown, OH 3 55
Toledo, OH 4 25
Cape Coral-Fort Meyers, FL 5 93
Cleveland, OH 6 47
Palm Bay-Melbourne, FL 7 15
Modesto, CA 8 8
Buffalo-Niagara, NY 9 32
Rochester, NY 10 13
Niagara County Region has been ranked 9th in the country according to
Forbes for having the “Best Bang For The Buck Cities”. Cities with higher
rankings than the Niagara Region also have increased homes prices. The
Niagara Region’s affordability coupled with the initial home cost makes one
great place to live!
Housing Affordability and Home Price Rankings Source: Housing affordability Index by Moody's 2nd Quarter rankings of 2009
Markets of
Similar Size
Total Industrial
Market Quoted Rates
Total Retail Market
Quoted Rates
Total Office
Market Quoted Rates
Albuquerque, NM $6.72 $13.13 $ 15.15
Buffalo-Niagara,
NY $ 4.10 $ 9.91 $ 14.98
Hartford, CT $ 4.33 $ 12.08 $ 17.90
Hawaii $11.59 $ 33.05 $ 32.07
New Orleans, LA $ 4.88 $ 13.60 $ 16.42
Raleigh/Durham,
NC $ 5.02 $ 13.83 $ 18.63
Salt Lake City, UT $ 4.57 $ 12.78 $ 17.88
Tucson, AZ $ 6.17 $ 14.78 $ 18.57
Cost Per Square Foot for Industrial, Retail, & Office Space Source: Co-Star Year-End 2012
Niagara County has some of the lowest cost available space for all industry types!
1
2 16
3 4
5
6 18 7 24
12 19 27
13 21 20
22
23
25
9
15 10
8
11
14
26
17
Downtown Niagara Falls, New York Points of Interest
Downtown Niagara Falls, New York Points of Interest
1 American Falls
2 Niagara Falls Culinary Institute
3 The Giacomo Boutique Hotel
4 Seneca Niagara Casino & Hotel
5 Goat Island
6 Niagara USA Official Visitors
Center
7 The Conference & Event Center
8 Aquarium of Niagara
9 Rainbow Bridge
10 Indian Trading Post
11 The Holiday Inn
12 Four Points by Sheraton
13 Comfort Inn “The Pointe”
14 Hampton Inn
15 Howard Johnson Hotel
16 One Niagara/Gateway Mall
17 Red Coach Inn
18 Hotel Niagara
19 T.G.I. Fridays
20 Hard Rock Cafe’
21 Niagara’s Wax Museum of History
22 Niagara Falls State Park
23 Niagara Adventure IMAX Theater
24 Power City Building
25 Niagara Falls Observation Tower
26 NFR Redevelopment Site
27 The Turtle Redevelopment Site