Midtown Manhattan is the largest central business district in the world, and has been ranked as the densest central business district in the world in terms of employees, at 606,108 per square mile (234,020/km2).[5] Midtown also ranks among the world's most expensive locations for real estate; Fifth Avenue in Midtown Manhattan has commanded the world's highest retail rents and had been ranked as the most expensive shopping street in the world before falling to second in 2024.[6][7] Midtown Manhattan is the country's largest commercial, entertainment, and media center, and is also a growing financial and fintech center.[8]
Many of New York City's skyscrapers, including its tallest hotels and apartment towers, are located in Midtown Manhattan. The neighborhood 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,[9][10][11][12][13] is a major center of the world's entertainment industry.[14]Sixth Avenue also has the headquarters of three of the four major U.S. television networks.
^ ab"NYC Planning". communityprofiles.planning.nyc.gov. New York: Department of City Planning. Archived from the original on November 10, 2021. Retrieved March 18, 2019.
^Cite error: The named reference PLP3A was invoked but never defined (see the help page).
^Michael Kimmelman (September 30, 2016). "Penn Station Reborn". The New York Times. Archived from the original on September 30, 2016. Retrieved August 3, 2022.
^Freeman, Jess. "Milan’s Via Montenapoleone Tops Ranking Of World’s Most Expensive Retail Destinations For First Time", Cushman & Wakefield, November 21, 2024. Accessed December 4, 2024. "Milan’s Via Montenapoleone, where rents have risen by nearly a third in the past two years, has overtaken New York’s Upper 5th Avenue to be crowned the world’s most expensive retail destination, according to Cushman & Wakefield (NYSE: CWK).... Synonymous with fashion and luxury, Via Montenapoleone has steadily climbed the rankings in recent years, reaching second for the first time in 2023. Rents rose 11% to US$2,047 per square foot (psf) in the past 12 months, whereas rents on Upper 5th Avenue (US$2,000) remained flat for a second consecutive year."