New York Central Business District
August 9th, 2024
New York City’s Central Business District, which encompasses Midtown and Downtown Manhattan, has been an influential economic and financial capital since the 19th century, mainly thanks to the presence of the New York Stock Exchange (NYSE) and other important financial institutions.
Today, it is the largest central business district in the United States, with a total area of 2.2 square miles.
Key Facts & Figures about NYC Central Business District
- The central business district consists of three sub-districts: Midtown, Midtown South, and Downtown, which are further divided into 18 sub-markets.
- There are approximately 190,000 small businesses, which employ more than 900,000 people.
- This area is home to 40 Fortune 500 corporations, the highest concentration in the country.
- The New York central business district was recently listed as the second best startup ecosystem in the nation and worldwide.
- The central business district has more than 617,000 residents and nearly 900,000 people commute into the area every day.
- Local companies attracted nearly $20bn in venture capital funding in 2023.
- In 2023, NYC attracted more than 62 million visitors per year, with business travelers accounting for 20% of the total.
