Midtown, the central portion of Manhattan, is a true symbol of everything New York has become renowned for. It is the largest central business not only in the U.S., but the entire world. Furthermore, the neighborhood is also the biggest commercial, entertainment, and media hub, boasting with a growing financial center as well. Because of this and other factors, it ranks among the most expensive pieces of real estate.
It should come as no surprise that Fifth Avenue commands the highest retail rents in the world, with an average annual rent being at about $3,000 per square foot. The high price of retail spaces in Midtown also led to the availability of many vacant storefronts in the neighborhood. Midtown is easily recognizable and has become famous for giving home to NYC’s most iconic buildings, such as the Empire State Building, the Chrysler Building, the HQ of the UN, Rockefeller Center, and also Broadway and Times Square.
A big part of New York City’s skyscrapers, including its tallest hotels and apartment towers are in Midtown. This area gives home to residents working in the offices, hotels, and retail establishments of the neighborhood. There are many parts of Midtown where you can move to, and regardless of which one you choose, you will definitely need the help of Midtown local movers.