| While being the smallest in terms of area space, | | | | Station, Midtown and Midtown East, Penn Station, |
| Manhattan is the most urbanized city in New York. It | | | | Tribeca, and of course Wall Street. |
| is one of the wealthiest counties in the United States | | | | Local Economy in Manhattan and Industries: |
| with a population of 1,634,795 combined. | | | | Manhattan has been slated as one of the most |
| Manhattan’s population growth has been at a | | | | expensive places to live in the United States, so |
| steady pace of 6% this decade, most of the growth | | | | given this fact, the commercial real estate properties |
| coming from immigrants moving into the city for new | | | | are priced at the top of the national office rental |
| business growth and job opportunities - all of these | | | | market (that goes for executive suites, serviced |
| factors make it expensive to rent Manhattan office | | | | units, temporary spaces and conference rooms). Its |
| space. Manhattan office space vacancy rates which | | | | main areas of focus are in the realms of commerce, |
| were at an all time low before the economic crisis | | | | finance and culture. The finance industry is the largest |
| have gone up slightly and office space rentals have | | | | economic contributor to the city which pushes the |
| gone down from their peak of $51 per square foot. | | | | rental rates on Manhattan office space. Wall Street is |
| These prices fluctuate depending on location, | | | | another huge job market. The city is home to the |
| amenities, lease terms (monthly, 6 or 12 month lease | | | | headquarters of the United Nations, the New York |
| terms, etc.) This trend will not last long as analysts | | | | Stock Exchange and NASDAQ. Madison Avenue is |
| see an upward trend in the leading commercial real | | | | synonym as the representative for the advertising |
| estate markets in the US. The city of New York is | | | | industry. Seven out of the eight world’s top |
| said to have the lowest of crime rates when | | | | global advertising agencies are located here. The |
| compared to other cities (like Chicago, Boston, Miami, | | | | former Twin Towers, part of the World Trade |
| etc.) and Manhattan has fashioned this approach. A | | | | Center that was attacked in the 9/11 was located |
| lot of the early crimes were said to be from the | | | | here. New Commercial developments are now |
| influx of immigrants but these situations have since | | | | underway to rebuild the tower to overtake its |
| been under control throughout the city. We service | | | | former glory and will be known as the One World |
| the entire local area including: Chelsea, East Village, | | | | Trade Center. |
| Financial District, Garment District, Grand Central | | | | |