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New York Office Space In-depth New York is the most heavily populated city in the United States, and the center of the New York metropolitan area, which is one of the most populous metropolitan areas in the world. The city is often referred to as New York City or the City of New York to distinguish it from the state of New York, of which it is a part. Located on a large natural har... Read More
New York Office Space In-depth New York is the most heavily populated city in the United States, and the center of the New York metropolitan area, which is one of the most populous metropolitan areas in the world. The city is often referred to as New York City or the City of New York to distinguish it from the state of New York, of which it is a part. Located on a large natural harbor on the Atlantic coast of the Northeastern United States, the city consists of five boroughs: The Bronx, Brooklyn, Manhattan, Queens, and Staten Island.
As host of the United Nations Headquarters, it is also an important center for international affairs. New York City is a global hub of international business and commerce and is one of three "command centers" for the world economy (along with London and Tokyo). Office space in New York puts your company right in the middle of a major center for finance, insurance, real estate, media and the arts. Many major corporations are headquartered in New York City office space, including 42 Fortune 500 companies. New York is also unique among American cities for its large number of foreign corporations.
New York City was the last major office space market in the country to feel the effects of the national economic slowdown and a number of indicators already point to the market’s quick rebound. Although vacancy has increased slightly, the New York City office space market did not experience the same frenzied volume of new construction seen in other big markets around the country, even at the top of the market. As a result, New York City is in a better state with lower availabilities than many of its counterparts.
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