The mere mention of these two words repels most New Yorkers, but many businesspeople will (grudgingly) admit that it’s a great place to do business in a wide variety of sectors. For all the hype about new developments like Hudson Yards and the World Trade Center and the enduring cosmopolitan prestige of Midtown East, the district still boasts many advantages for companies.
For all the negative connotations associated with it these days, Times Square offers many benefits for companies looking to do business there. It’s combination of excellent transportation access, central location, modern office space and abundant amenities nearby offer plenty of positive selling points. Here’s a quick look at just a few of the advantages of doing business in this area.
Superb Transportation Options and a Central Location
Two of the district’s biggest advantages are its prime location near the heart of Midtown Manhattan and easy access to local and regional transit options. The Times Square – 42nd Street / Port Authority Bus Terminal subway station is the busiest subway hub in New York City, offering access to 13 lines. In addition, the Port Authority Bus Terminal lies just one block west of the district while both Penn Station and Grand Central Terminal are within either walking distance or a brief subway ride away. The region’s three major airports are also fairly easy to get to as well.
For retail businesses, the district’s excellent transit options and heavy foot traffic make it an especially great place to set up shop. As anyone who’s ever been in the area can attest, there’s obviously no shortage of potential customers!
Modern Office Inventory
The district, thanks to its rehabilitated image and numerous rezoning passed in recent years, boasts a large inventory of modern office buildings for potential clients, just a few of which include the iconic 4 Times Square as well as 3, 5, 7 and 11 Times Square. These modern office towers contain state-of-the-art amenities and modern, open floor plans, making them ideal for large companies seeking contemporary spaces in Midtown Manhattan.
Excellent Amenities Nearby
Despite being packed with chain stores and tourist-centric restaurants, Times Square contains a number of great amenities nearby. First and foremost is the Broadway theater district, home to 40 acclaimed theaters to catch a show after work. Restaurant Row and the nearby Hell’s Kitchen neighborhood are packed with great restaurants and eateries while abundant shopping options can be found nearby along Fifth Avenue as well as in Herald Square and Rockefeller Center.