Should I move my business to New York City?

Bursting with innovation and creativity, New York City is a thriving home for your business

Pulsing with the energy of 8 million people and the promise of a premium economy, New York City is a fitting home for your business. Whether you’re launching a startup or running an existing team, establishing yourself in this city can put you on a trajectory to local and international success.

Home to the headquarters of corporate giants, the world’s largest stock exchange, and more billionaires than any other city, New York puts your business in good company. Plus, there’s an abundance of startup capital on offer—the Big Apple is the wealthiest metropolis in the country.

It’s not all business here, however, and the cultural, dining, and entertainment scenes in New York are a major draw for finding (and keeping) talent. Your team can enjoy world-class theater on Broadway, upscale shopping on Fifth Avenue, and coffee and conversation in Greenwich Village––the options are endless.

A wealth of opportunity in New York City

From tech startups to established finance firms, there’s a place for all business types in New York. Midtown represents the biggest central business district on the planet. Madison Avenue is the epicenter of advertising. Pockets of tech innovation in Brooklyn and Hudson Yards are fast gaining traction on the world stage. Mass media, journalism, and publishing are important industries here, as are digital media, fashion, and design.

While no single industry dominates the market, some sectors are predicted to experience accelerated economic growth through 2022. Those expanding industries include accounting, software development, systems software research, and educational and health services. Non-store retailers like e-commerce and catalog companies are also surging in numbers. Plus, New York has the highest number of highly skilled independent workers in the country—ideal if your company depends on technical, creative, or administrative freelancers.

Cost of office space in New York City

The Big Apple is a beacon of business, and this is reflected in the price of commercial real estate. Midtown Manhattan has the most expensive office space in the U.S. (ranking sixth in the world), and a typical lease term in New York City is 10 years. These long-term leases often come with steep upfront costs, making it difficult for small to mid-sized businesses to establish themselves in the city.

WeWork offers a way out of this conundrum with move-in ready workspaces to suit teams of all sizes. All-inclusive amenities make settling in easy, and flexible agreements allow you to scale at your own pace—without the stress of long-term leases.

WeWork 125 W 25th St in New York.

Moving your business to New York City with WeWork

Check out three WeWork office spaces in New York City, designed to keep your team collaborative, productive, and engaged. With creative workspaces and all-inclusive amenities, WeWork can help you make the most of every opportunity the Big Apple has to offer.

WeWork 750 Lexington Ave

Just three blocks from Central Park, WeWork 750 Lexington Ave includes seven floors in a towering skyscraper and offers staggering views of the city. Major marketing firms on Madison Avenue are just two blocks away—making this a natural choice for designers, producers, and copywriters. And the selection of upscale hotels nearby is especially convenient if you’re frequently visited by clients from out of town.

WeWork 750 Lexington Ave has all the perks and office essentials you need to thrive. Helpful front-desk managers and around-the-clock cleaning staff take care of daily operations, while a calendar of community events is helpful for meeting new collaborators. Magnolia Bakery is across the street for a sweet pick-me-up, and a stroll in Central Park will give you a daily dose of fresh air and sunshine.

WeWork 135 W 41st St in New York.

WeWork Tribeca 408 Broadway

A landmark N.Y.C. neighborhood with forward-thinking companies in tech, fashion, and media lining its cobblestone streets, Tribeca is a vibrant home for your business. It’s one of New York’s most fashionable locales and host of the world-renowned Tribeca Film Festival.

WeWork 408 Broadway is at the center of this action, offering lounges and conference rooms steeped in city style. Details like custom artwork and exposed-brick walls are perfect for meeting with clients; free-flowing coffee and fully stocked kitchens help seal the deal. If you’re a small team, reserve a space at a dedicated desk and enjoy a sense of connection in the cozy common areas. For larger companies, settle into a private office and use the beautiful common spaces for networking and collaboration.

WeWork Dock 72

Surrounded by tech innovators and disruptors at Brooklyn Navy Yard—and a stone’s throw from the creative agencies in Dumbo—WeWork Dock 72 is an iconic backdrop for building a team and meeting with clients.

The waterfront complex offers views of the Manhattan skyline, while our modern office space features private outdoor terraces, a Rise by We wellness center, and a basketball court for unlocking inspiration. Across six floors of creative workspace, you’ll find ample hot-desking options and a number of sleek private offices. After work, head to Kings County Distillery for drinks with the team, or treat a client to dinner at Samui.

Whether you’re looking to join one of the largest communities of freelancers in the U.S.—there are more than half a million in N.Y.C.—or if you’re after a sleek and sophisticated space to house your growing team, you can find what you need at WeWork. Explore our spaces in Manhattan, Brooklyn, Queens, and beyond.

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