Setting Up an Office in New York
New York is the largest city in the United States, one of the largest cities in the world and a thriving hub for all sorts of business and commerce. If you are thinking about setting up a business in New York then it pays to take some time to research the different business districts. Office and business space is the home for your organisation so make sure you are setting yourself up in the best possible location.
New York City is divided into five different boroughs: The Bronx, Brooklyn, Manhattan, Queens and Staten Island. More than eight million people live in the Big Apple and there are hundreds of thousands of businesses to cater for their every need.
New York is one of the world's major centres of commerce and finance with many businesses and organisations, including the United Nations, setting up headquarters in the city.
When setting up a business space, location plays a key role in the overall success of the organisation. Securing a location where customers and suppliers can easily find you is important and you want to ensure you are going to be part of a community that supports your business.
Manhattan, on the mouth of the Hudson River, is the place where you will find the majority of famous New York City landmarks. Manhattan is New York City’s major centre for business and is also renowned as the financial capital of the world. The famous New York Stock Exchange and NASDAQ stock markets are based here and Manhattan is the biggest Central Business District (CBD) in the whole of the United States.
Midtown Manhattan is the largest business district in New York. The area is home to the highest concentration of the city's skyscrapers and contains some of the most exclusive office space in Manhattan. With more than 45 million square feet of office and business space there are plenty of different types of commercial property to choose from and the strategic location and easy access to public transportation makes this a prime location for setting up any kind of business.
Lower, or Downtown, Manhattan is home to The New York Stock Exchange, located on Wall Street. Downtown is also home to the city hall district, which makes it a particularly popular area for law firms and insurance companies.
Downtown Brooklyn (DTB) is another one of New York City’s largest business districts. Close proximity to Lower Manhattan and the well known MetroTech Center, make this area s popular choice.
Office Space in NYC is divided into different categories: Class A, B and C.
Class A represents the highest quality office space in New York, situated in the most in demand neighbourhoods and featuring numerous amenities. Class B status is usually given to recently renovated building constructed before World War II. A Class B commercial business space might be located within a conventional office building or a refurbished loft.
Class C buildings offer the lowest priced office space on the market. Different amenities coupled with built in technology mean these buildings are very desirable for many professionals and organisations.