Monday night drive in New York City’s Midtown Manhattan, the largest central business district (CBD) in the world. Midtown Manhattan is home to some of the city’s most iconic buildings, including the Empire State Building, the Chrysler Building, the headquarters of the United Nations, Grand Central Terminal, and Rockefeller Center, as well as Broadway and Times Square.
Midtown Manhattan ranks among the most expensive pieces of real estate. Fifth Avenue in Midtown Manhattan commands the world’s highest retail rents, with average annual rents at US$3,000 per square foot ($32,000/m2) in 2017. Midtown is the country’s largest commercial, entertainment, and media center, and also a growing financial center.
The majority of New York City’s skyscrapers, including its tallest hotels and apartment towers, are in Midtown. The area hosts commuters and residents working in its offices, hotels, and retail establishments, tourists and students. Times Square, the brightly illuminated hub of the Broadway Theater District, is a major center of the world’s entertainment industry. Sixth Avenue also has the headquarters of three of the four major U.S. television networks.
The City of New York, often called New York City (NYC), is the most populous city in the United States. Many districts and landmarks in New York City are well known, with the city having three of the world’s ten most visited tourist attractions in 2013 and receiving a record 62.8 million tourists in 2017. Several sources have ranked New York the most photographed city in the world. Times Square, iconic as the world’s “heart” and its “Crossroads”, is the brightly illuminated hub of the Broadway Theater District, one of the world’s busiest pedestrian intersections, and a major center of the world’s entertainment industry. The names of many of the city’s landmarks, skyscrapers, and parks are known around the world. Manhattan’s real estate market is among the most expensive in the world.