Posts Tagged “Midtown”
Central Manhattan: more than 700,000 commuters work in its offices, hotels, and retail establishments; the area also hosts many tourists, visiting residents, and students. Some areas, especially Times Square and Fifth Avenue, have massive clusters of retail establishments.
The “Plaza District”, a term used by Manhattan real estate professionals to denote the most expensive area of midtown from a commercial real estate perspective, lies between 42nd Street and 59th Street, from Third Avenue to Seventh Avenue, about a square kilometer or half a square mile.
As New York’s largest central business district, Midtown Manhattan is indisputably the busiest single commercial district in the United States, and among the most intensely and diversely used pieces of real estate in the world. The great majority of New York City’s skyscrapers, including its tallest hotels and apartment towers, lie within Midtown.
Sixth Avenue in Midtown holds the headquarters of three of the four major television networks, and is one of a few global centers of news and entertainment. It is also a growing center of finance, second in importance within the United States only to Downtown Manhattan’s Financial District. Times Square is also the epicenter of American theater.
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