New York City is an iconic, energetic, fast-paced destination that is home to a number of global businesses. From IBM to PepsiCo, you’ll find some of the world’s leading tech, telecommunication, banking and accounting companies, as well as famous fashion brands situated here. The city is full of opportunities for start-ups with around 2.2 million small businesses occupying NYC in 2021.
It's hard to forget that New York City is also home to over 100 museums and around 1,500 galleries, as well as top schools and universities. This provides plenty of possibilities in arts and culture, as well as education and academia industries. The talent pool in the city is highly sought after and year after year, students and graduates go on to accept jobs and internships at global leading employers such as Goldman Sachs, Spotify and the Bank of China.
While the cost of living is high in New York City, thankfully, salaries are also generally higher than in the rest of the country. Recent graduates from New York's Pace University make on average $60,235 per year, putting the university in the top 11% of US colleges for its salary potential.
There’s a large mix of start-ups and global businesses that call New York their home, with Google and Facebook each having over 3 million square feet of space in the borough.
The top business areas in New York City
In a city so big, there are plenty of places to choose from when searching for the perfect office space in New York City. No matter what type of office space you’re looking for, whether you're a remote team looking for a coworking space, or a start-up in need of private meeting rooms, there's a business area to suit every type of company in New York. Let's take a closer look at the top business areas to consider when looking for offices in the Big Apple.
Lower Manhattan
Lower Manhattan is one of the largest business districts in the country and home to the New York Stock Exchange and Wall Street. Wall Street is an eight-block-long street in the Financial District of Lower Manhattan, running from east to west from Broadway to South Street.
Offering a prestigious zip code, easy transport links and great surrounding entertainment, Lower Manhattan is a sought after location for businesses to establish an office space.
As well as housing AOL and Verizon Communications, you’ll also find some of New York’s most famous landmarks, including the Brooklyn Bridge, Statue of Liberty and Ellis Island. Around Lower Manhattan, you’ll have plenty of office spaces to choose from,including the 80 Broad Street Centre, One Liberty Plaza - a landmark location in the New York financial district - and 14 Wall Street, just a stone’s throw from Liberty Park.
Brooklyn
Brooklyn is the most populated Borough in New York, with a population of over 2.7million. With vast office spaces, coworking spaces and lower rent than Manhattan, Brooklyn has become an attractive location for start-ups and growing businesses.
As well as housing some of New York’s best food, Brooklyn is also where you’ll find iconic attractions like Coney Island, the Brooklyn Bridge and Prospect Park. If you’re a start-up, tech or creative business, you’ll quickly fit in in Dumbo, Brooklyn, with plenty of office space available at our 175 Pearl Street centre.
Queens
Queens is home to two of the three major NYC airports, JFK International and LaGuardia, making it easy to travel into New York and access the rest of the city.
If you’re looking to move to the city, the cost of living in Queens is 3% lower than the state average, with rent also being 10% lower. As well as plenty of office space for growing businesses, when you’re not working there is more than enough to do nearby - including catching a game at Queens’ Citi Field or visiting the Museum of the Moving Image.
Midtown South
Commonly referred to as Silicon Alley, Midtown South covered the districts of SOHO, Tribeca, Chelsea, Flatiron, Union Square and Gramercy. Densely populated by tech, social media and digital marketing businesses, you'll find yourself in the company of Twitter, Yelp, Google and Foursquare, who all have their offices nearby.
Midtown South is also home to numerous easy-access transport links, as well as boutiques, banking, publishing, education and communication companies.
Midtown
With a booming financial centre, Midtown is second only to Lower Manhattan when it comes to finance. Beyond being the biggest central business district in the US, Midtown is also a hub for commerce, media and entertainment.
Here is where you'll also find famous landmarks including the Empire State Building, Times Square and the Chrysler Building. It comes as no surprise that Midtown is a popular go-to for office space in New York City. If you’re looking for a creative neighbourhood, you may want to consider a Madison Avenue office.
Business travel in New York City
With three major airports to choose from, business travellers have great flexibility in visiting New York City. But what about when you arrive? Thankfully it couldn't be easier to get to your NYC office space.
The subway may well be one of the world's oldest public transport systems, but it is very much alive and kicking, providing the most convenient and easy way to get around the city.
Each of the key business districts in New York City is easily accessible with excellent transport links. The journey from Lower Manhattan to Brooklyn can be done in under 30 minutes, keeping your schedule on track as you navigate the city.
Offering quick access via the subway, as well as frequent buses and the renowned yellow taxi cab service, networking and exploring the Big Apple has never been easier. Whether you're looking for temporary office space in New York City, or putting down business roots, there’s so much to offer.
New York City’s entertainment
But it's not all about work life in New York City - it's also an incredible place to socialise, build relationships and expand your professional network. Wherever you choose to rent an office space, you'll always be within close proximity to an abundance of landmarks, restaurants and world-class museums.
From soaking up the sun in Central Park to visiting The Metropolitan Museum of Art, New York City is home to diverse culture and a myriad of entertainment options.
Being one of the most famous cities in the world, there's never a dull moment, being packed with endless possibilities and high energy. If you're looking for somewhere to entertain clients after work, you'll be spoilt for choice when it comes to true New York restaurants, sports events and breath-taking sights.
New York City is also one of the best places in the world for business networking - finding events that work for your business is key to helping your organisation grow.
How much is it to rent office space in New York City?
Office rent in New York City varies across the different boroughs of New York. We’ve outlined a few of the business hubs below, along with the office pricing you can expect for each of these sought after areas.
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Area |
Price range for office rent |
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From $525 |
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From $335 |
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From $545 |
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From $409 |
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From $625 |
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From $495 |
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From $615 |
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From $725 |
As well as these central areas, there’s also plenty of office spaces across New York City, with huge advantages to renting a workspace slightly afield, in Dumbo, Brooklyn. Dumbo is not only home to some of New York’s business tech names, but it is also easily accessible from anywhere on the subway system, avoiding employee commutes into Manhattan.
As well as Dumbo, Brooklyn Heights has become a hub for small and medium businesses, with a tech driven and entrepreneurial community.
If you’re still deciding on what office space is best for your business, whether you’re looking for a traditional office, or simply want a meeting room rental while you're visiting New York, we’ve made finding the perfect New York City office space easy.
How to find an office space in New York City
Whether you’re looking for a private office, or want to rent a desk in a coworking space, there are plenty of options for businesses of every size in New York. But what should you take into account when choosing the right office space?
Transportation systems
As the most populous city in the United States, New York City has one of the largest subway systems in the world. Whether you're working with your team in the office full-time, or adopting a hybrid approach, commute time is a crucial factor to consider when looking for an office space.
Consider whether it’s important for you to be close to the subway, or accessible by bus. If you have clients visiting from abroad, situate yourself close to one of the three major NYC airports — LaGuardia (LGA), John F. Kennedy International (JFK), and Newark Liberty International (EWR).
Amenities in the area
When finding the perfect NYC office space, is it important that the area matches the vibe of your brand. Maybe you're a digital agency looking to rub shoulders with fellow creatives in trendy bars? Whatever the case may be, pay close attention to what's nearby, including travel, entertainment, restaurants and retail stores.
It's also worth noting that serviced office spaces in New York will have their own coffee bar and on-site restaurant, as well as vending machines and all your office necessities.
Networking
It’s worth considering the opportunity to connect with other New York business owners when choosing an office rental. New York offers a number of opportunities to find talent, make connections, expand your business, and even try new ventures. If this sounds like you, you may want to consider a NYC office space where networking is at the forefront.
With coworking spaces and flexible office spaces, you'll be in a prime location with ample opportunities to collaborate with others - as well as network and find new clients or creative talent.
Opportunity for business expansion
Looking for an office space provider that allows flexibility to upscale your office space needs as your business grows is important. You'll want to have plenty of room to expand as and when you need. Keep your future plans in mind when looking at renting an office in New York City, and make sure to choose one that suits your needs both now and in the future.
Interesting facts about New York City
- In 2019 alone, small businesses exported $62.4billion out of New York City.
- Small businesses in New York make up 99.8% of all businesses in the state.
- New York's tech sector was ranked first in 2019.
- The One World Trade Center is the tallest building in New York and the Western Hemisphere, at 104 stories high - 1776ft tall.
Why you should rent an office in New York City
A city that never sleeps, there’s a plethora of incredible growth opportunities. One of the most exciting cities in the world to have a business, set yourself up next to some of the biggest tech brands in the world. Whatever your industry and mission may be, and wherever you're based, there’s a huge range of office spaces in New York to choose from. Find the perfect space for your business to establish itself with Regus today.
