The following calculator is based on incentive programs, administered by various City and State agencies, that may be available for businesses that locate in Lower Manhattan. Please refer to this page to determine the incentive programs that are currently applicable or please call our incentives hotline (212) 835-2790 for more information.
Generous financial incentives make Lower Manhattan’s office space even more affordable. This calculator tool will estimate the savings your business could receive based on the information you enter, and offers the option for a comparison to Midtown.
April 2020 Update: The New York State Legislature voted to adopt a budget which included the renewal of three Lower Manhattan leasing incentives with no changes for the next three years. The programs include:
- The Commercial Revitalization Program (CRP) Part I (Real Property Tax abatement) and Part II (Commercial Rent Tax special abatement)
- Lower Manhattan Energy Program (LMEP)
- Lower Manhattan NYS Sales Tax Exemption Area A (non-World Trade Center) and Area B (World Trade Center, Battery Park City)
LM-REAP was also extended for a period of five years with the addition of a new reporting requirement for companies receiving that specific benefit.
All fields are required. Some fields have default assumptions entered automatically to reflect the standard or average for commercial office tenants, but you can change these fields to fit your specifications.