Why Lower Manhattan
Lower Manhattan is the place to base your business. Here are the reasons why.
The Downtown Alliance is your first and best business resource. Whether you’re considering relocating your office downtown, launching your first shop or restaurant or looking to connect with more customers we’re here to help. Our Economic Development team can arm you with timely data and insights to help you better understand the Lower Manhattan market and make smart business decisions. You’ll find transportation data, residential and retail market data, office market inights and more. Plus, we can perform custom research for your specific business needs. Don’t be shy. Let’s get in touch.
85 Million Square Feet of Office Space
Join many of NYC’s most iconic and dynamic businesses in Lower Manhattan! Ranging from some of Manhattan’s newest office towers to characterful historic properties, Lower Manhattan’s diverse office market offers products appropriate for companies of every size and budget.
Transit Access
Whether it’s by subway, rail, bike or ferry, Lower Manhattan’s breadth of transportation options makes it one of the city’s most accessible business locations. In fact, 90 percent of jobs in the neighborhood are located within a 5-minute walk from subway or PATH lines.
Satisfied Workforce
Smart business leaders know that a satisfied workforce is a productive workforce. Lower Manhattan workers give the neighborhood high marks for its accessibility, vibrancy and safety, citing public transit access, building amenities and the neighborhood’s beautiful water views among reasons to love working downtown. In the age of hybrid work Lower Manhattan’s exceptional transit access, vibrant streets and unparalleled waterfront will give your workforce plenty of reasons to enjoy coming into to work.
Young and Vibrant Population
The report “A Growing Market: Lower Manhattan’s Young, Educated & Affluent Residents” outlines the spending patterns and desires of Lower Manhattan’s evolving and growing residential population and highlights the neighborhood’s noteworthy new additions that expand the variety of cuisine, grocery options and nightlife offered downtown.
Thriving Residential Market
A list of all residential buildings open and under construction in the Lower Manhattan Business Improvement District, including new construction/conversion properties, number of units, lease type and year open.
A Great Place to Base Your Stay
Over 9 million tourists visited Lower Manhattan in 2024 and the neighbourhood’s diverse hotel scene offers options for travelers at every price point.
Plenty of Space for Cyclists
In Lower Manhattan, there are more than 2.3 miles of bike lanes and 28 Citi Bike stations that supplement our public transit — making Lower Manhattan among the most easily accessible business districts in America.
A desirable and full service neighborhood
Lower Manhattan’s diverse retail, world class dinning scene, spectacular watefront and excellent transit have made it one of NYC’s most desirable–and fastest growing–residential communities.
Diverse Industries
No longer just a financial center, Lower Manhattan’s 85M square feet of office space is home to leading NYC employers representing industries ranging from media and publishing to technology and professional servicds. Whatever industry your business is in, you’re likely to find colleagues in Lower Manhattan.
Any Business. Any Size.
Leasing Incentives
Interested in leasing space in Lower Manhattan? A number of government incentives are available, many unique to our district. Learn more about how these programs can help reduce your lease costs, make fit out less expensive, reduce energy costs and more.
Supporting Our Small Businesses
Small businesses are the backbone of every NYC community and the Downtown Alliance is committed to making sure our mom-and-pop businesses are positioned to thrive. From marketing to direct assistance we’re here to help. Learn about programs we offer to help small businesses and how you can get in touch with us.
Activating Public Spaces
Did you know that Lower Manhattan can boast over 84 acres of public open space? The Downtown Alliance works with private and public sector partners to program and activate a range of public space year round. Learn more about how we’re bringing art, music, food and community together accross the district — and how you can work with us to help make Lower Manhattan vibrant and welcoming to all.