Businesses, organizations and institutions of all sizes and sectors are spoiled with choices when it comes to relocating in New York City. From the global prestige of Midtown to trendy enclaves like SoHo to the spacious open floorplans of the Flatiron District’s elegant turn-of-the-20th-century buildings, there’s certainly no shortage of neighborhoods to choose from!
Increasingly, more and more companies are choosing to relocate to the Financial District of Lower Manhattan for a variety of reasons. Convenient, more affordable than Midtown and home to a rich array of office space options, more and more companies in sectors such as technology, media and marketing have chosen to call the Financial District their home alongside the old financial and banking standbys. Here’s a quick look at why the Financial District could be right for your business!
The neighborhood has increasingly shed its dowdy 9-to-5 image in recent years and is now home to many hip restaurants, bars and shops to enjoy after work. In addition, it also offers a number of public parks and spaces to enjoy on a lunch break or after work as well, including Battery Park, Bowling Green and the open spaces of Battery Park City.
Extensive Transportation Options
The Financial District is home to a wealth of transportation options that make accessing it very easy from almost anywhere in the city. Fulton Center offers direct connections to 11 subway lines while the connecting World Trade Center Transportation hub hosts PATH trains to New Jersey as well as ferry services at the Battery Park City Ferry Terminal. Additional transit options include the Staten Island Ferry, the Pier 11 / Wall Street ferry terminal and numerous bus routes. The neighborhood is also convenient to the region’s three major airports.
Wide Array of Office Space Options
Whether you’re looking for ultramodern Class A office space at the World Trade Center, a prewar loft for a tech or creative services company, retail frontage along a busy street like Broadway or anything else in between, the neighborhood has plenty of options! Just about every company from multinational banks and law firms to fledgling startups can find something here.
More Economical than Midtown and Midtown South
Another advantage of the neighborhood is that it generally enjoys lower rents compared to Midtown Manhattan and the tech-centric Midtown South district. This makes it great for startups and companies looking to downsize to save money in particular.