No matter your business size or specific needs, the Downtown Alliance is here to help you thrive in Lower Manhattan. We have resources for everybody; see below for details.
Large, office-occupying businesses are a critical component of the Lower Manhattan ecosystem. With nearly 90 million square feet of office space, a number of incentive programs are available to companies looking to expand or relocate their businesses. The neighborhood known as the home to Wall Street and government is now also home to a diverse array of cutting-edge technology, advertising, media and fashion companies. Growing residential populations on the New Jersey waterfront, in Brooklyn and greater Downtown have led many companies to choose Lower Manhattan as an office destination.
Additionally, office asking rents are on average much lower in Lower Manhattan than in other prime parts of Midtown. Coupled with the incentive programs, there are several financial and business advantages to having a Lower Manhattan office.
Small businesses are a vital part of Lower Manhattan’s destination as a live, work and play community. From local restaurants to specialty stores to hair salons to barbershops, our small storefront businesses provide residents and workers with the services they need and love. As part of creating a vibrant, multi-use neighborhood, the Downtown Alliance has put forth multiple initiatives to help our mom-and-pop shops thrive.
The twin public-health and economic crises sparked by Covid-19 have presented an epochal challenge for Lower Manhattan’s business community. The Downtown Alliance has been hard at work since the beginning of the pandemic — supporting Lower Manhattan small businesses and helping to chart a path to recovery for our community.