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.