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A Diverse, Global City
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Did You Know...?
NYC is experiencing an unprecedented construction boom. 26 million square feet of office space is projected to be built.
530,000 New Yorkers work in the creative economy. Creative sector exports have grown by 7.3% over the last decade.
Office rents in NYC have decreased since 2007, even as office rents in London and Shanghai have drastically increased.
Employment in NYC reached an all-time high in March 2016. NYC reached almost 4.3 million jobs, indicative of a robust economy.
Small businesses are an important part of the NYC economy. Small businesses employ 48.2% of the labor force.
NYC’s “Silicon Alley” is a hub for technology and innovation. Tech workers earn 49% more than the average city hourly wage.
Almost half of the city’s businesses are owned by immigrants.