Manhattan, New York, United States

🇺🇸 Manhattan, known regionally as The City, is the most densely populated and geographically smallest of the five boroughs of New York City. It is the urban core of the New York metropolitan area, and coextensive with New York County, one of the original counties of the U.S. state of New York. Manhattan serves as the city's economic and administrative centre, cultural identifier, and historical birthplace. The borough consists mostly of Manhattan Island, bounded by the Hudson, East, and Harlem rivers along with several small adjacent islands, including Roosevelt, U Thant, and Randalls and Wards Islands. Manhattan additionally contains Marble Hill, a small neighborhood now on the U.S. mainland, separated from the rest of Manhattan by the Harlem Ship Canal and later connected using landfill to the Bronx. Manhattan Island is divided into three informally bounded components, each cutting across the borough's long axis: Lower, Midtown, and Upper Manhattan.

Manhattan has been described as the cultural, financial, media, and entertainment capital of the world, is considered a safe haven for global real estate investors, and hosts the United Nations headquarters.

Anchored by Wall Street in the Financial District of Lower Manhattan, New York City has been called both the most economically powerful city and the leading financial centre of the world, and Manhattan is home to the world's two largest stock exchanges by total market capitalization: the New York Stock Exchange and Nasdaq. Many multinational media conglomerates are based in Manhattan, and the borough has been the setting for numerous books, films, and television shows. Manhattan real estate is among the most expensive in the world, with the value of Manhattan Island, including real estate, estimated to exceed US$3 trillion in 2013; median residential property sale prices in Manhattan approximated US$1,600 per square foot ($17,000/m²) as of 2018, with Fifth Avenue in Midtown Manhattan commanding the highest retail rents in the world, at US$3,000 per square foot ($32,000/m²) per year in 2017. In 2022, one-bedroom apartments in Manhattan rented at a median monthly price of US$3,600.00, one of the world’s highest.

Manhattan traces its origins to a trading post founded by colonists from the Dutch Republic in 1624 on Lower Manhattan; the post was named New Amsterdam in 1626. The territory and its surroundings came under English control in 1664 and were renamed New York after King Charles II of England granted the lands to his brother, the Duke of York. New York, based in present-day Manhattan, served as the capital of the United States from 1785 until 1790. The Statue of Liberty greeted millions of immigrants as they came to America by ship in the late 19th century and is a world symbol of the United States and its ideals of liberty and peace. Manhattan became a borough during the consolidation of New York City in 1898.

New York County is the smallest county by land area in the contiguous United States, the second-smallest American county overall (larger only than Kalawao County, Hawaii), as well as the most densely populated U.S. county. Its density makes it one of the most densely populated areas in the world, with a 72,918 residents per square mile (28,154/km²), higher than the density of any individual U.S. city. On business days, the influx of commuters increases this number to over 3.9 million, or more than 170,000 people per square mile (65,600/km²). Manhattan has the third-largest population of New York City's five boroughs, after Brooklyn and Queens, and is the smallest borough in terms of land area. If each borough were ranked as a city, Manhattan would rank as the sixth-most populous in the U.S.

Many districts and landmarks in Manhattan are well known, as New York City received a record 62.8 million tourists in 2017, and Manhattan hosts three of the world's 10 most-visited tourist attractions in 2013: Times Square, Central Park, and Grand Central Terminal. The Empire State Building has become the global standard of reference to describe the height and length of other structures. The borough hosts many prominent bridges, including the Brooklyn, Manhattan, Williamsburg, Queensboro, Triborough, and George Washington Bridges; tunnels such as the Holland and Lincoln Tunnels; skyscrapers including the Empire State Building, Chrysler Building, and One World Trade Center; and parks, such as Central Park. Chinatown incorporates the highest concentration of Chinese people in the Western Hemisphere, and the Stonewall Inn in Greenwich Village, part of the Stonewall National Monument, is considered the birthplace of the modern gay rights movement. The City of New York was founded at the southern tip of Manhattan, and the borough houses New York City Hall, the seat of the city's government. Numerous colleges and universities are located in Manhattan, including Columbia University, New York University, Cornell Tech, Weill Cornell Medical College, and Rockefeller University, which have been ranked among the top 40 in the world.

Economy The New York Stock Exchange, by a significant margin the world's largest stock exchange per market capitalization of its listed companies, at US$23.1 trillion as of April 2018. Manhattan is the economic engine of New York City, with its 2.3 million workers in 2007 drawn from the entire New York metropolitan area accounting for almost two-thirds of all jobs in New York City. In the first quarter of 2014, the average weekly wage in Manhattan (New York County) was $2,749, representing the highest total among large counties in the United States. Manhattan's workforce is overwhelmingly focused on white collar professions, with manufacturing nearly extinct. Manhattan also has the highest per capita income of any county in the United States.

In 2010, Manhattan's daytime population was swelling to 3.94 million, with commuters adding a net 1.48 million people to the population, along with visitors, tourists, and commuting students. The commuter influx of 1.61 million workers coming into Manhattan was the largest of any county or city in the country, and was more than triple the 480,000 commuters who headed into second-ranked Washington, D.C.

Financial sector Manhattan's most important economic sector lies in its role as the headquarters for the U.S. financial industry, metonymously known as Wall Street. Lower Manhattan is home to the New York Stock Exchange (NYSE), at 11 Wall Street, and the Nasdaq, at 165 Broadway, representing the world's largest and second largest stock exchanges, respectively, when measured both by overall share trading value and by total market capitalization of their listed companies in 2013. The NYSE American (formerly the American Stock Exchange, AMEX), New York Board of Trade, and the New York Mercantile Exchange (NYMEX) are also located downtown. Financial technology (fintech) and cryptocurrency have emerged as more recent constituents of the financial sector as well as the tech sector.

Corporate sector New York City is home to the most corporate headquarters of any city in the United States, the overwhelming majority based in Manhattan. Manhattan contained over 500 million square feet (46.5 million m²) of office space in 2018, making it the largest office market in the United States, while Midtown Manhattan, with 400 million square feet (37.2 million m²) in 2018, is the largest central business district in the world. New York City's role as the top global centre for the advertising industry is metonymously reflected as "Madison Avenue".

Tech and biotech Silicon Alley, centered in Manhattan, has evolved into a metonym for the sphere encompassing the New York City metropolitan region's high tech industries, including the Internet, new media, telecommunications, digital media, software development, biotechnology, game design, financial technology (fintech) and cryptocurrency blockchain technology, and other fields within information technology that are supported by the area's entrepreneurship ecosystem and venture capital investments. As of 2014, New York City hosted 300,000 employees in the tech sector. In 2015, Silicon Alley generated over US$7.3 billion in venture capital investment, most based in Manhattan, as well as in Brooklyn, Queens, and elsewhere in the region. High technology startup companies and employment are growing in Manhattan and across New York City, bolstered by the city's emergence as a global node of creativity and entrepreneurship, social tolerance, and environmental sustainability, as well as New York's position as the leading Internet hub and telecommunications centre in North America, including its vicinity to several transatlantic fiber optic trunk lines, the city's intellectual capital, and its extensive outdoor wireless connectivity. Verizon Communications, headquartered at 140 West Street in Lower Manhattan, was at the final stages in 2014 of completing a US$3 billion fiberoptic telecommunications upgrade throughout New York City. As of October 2014, New York City hosted 300,000 employees in the tech sector, with a significant proportion in Manhattan. The technology sector has been expanding across Manhattan since 2010.

The biotechnology sector is also growing in Manhattan based upon the city's strength in academic scientific research and public and commercial financial support. By mid-2014, Accelerator, a biotech investment firm, had raised more than US$30 million from investors, including Eli Lilly and Company, Pfizer, and Johnson & Johnson, for initial funding to create biotechnology startups at the Alexandria Center for Life Science, which encompasses more than 700,000 square feet (65,000 m²) on East 29th Street and promotes collaboration among scientists and entrepreneurs at the centre and with nearby academic, medical, and research institutions. The New York City Economic Development Corporation's Early Stage Life Sciences Funding Initiative and venture capital partners, including Celgene, General Electric Ventures, and Eli Lilly, committed a minimum of US$100 million to help launch 15 to 20 ventures in life sciences and biotechnology. In 2011, Mayor Michael R. Bloomberg had announced his choice of Cornell University and Technion-Israel Institute of Technology to build a US$2 billion graduate school of applied sciences on Roosevelt Island, Manhattan, with the goal of transforming New York City into the world's premier technology capital.

Tourist Industry Tourism is vital to Manhattan's economy, and the landmarks of Manhattan are the focus of New York City's tourists, enumerating an eighth consecutive annual record of approximately 62.8 million visitors in 2017. According to The Broadway League, shows on Broadway sold approximately US$1.27 billion worth of tickets in the 2013–2014 season, an increase of 11.4% from US$1.139 billion in the 2012–2013 season; attendance in 2013–2014 stood at 12.21 million, representing a 5.5% increase from the 2012–2013 season's 11.57 million. As of June 2016, Manhattan had nearly 91,500 hotel rooms, a 26% increase from 2010.

Real estate Real estate is a major force in Manhattan's economy. Manhattan has perennially been home to some of the nation's, as well as the world's, most valuable real estate, including the Time Warner Center, which had the highest-listed market value in the city in 2006 at US$1.1 billion, to be subsequently surpassed in October 2014 by the Waldorf Astoria New York, which became the most expensive hotel ever sold after being purchased by the Anbang Insurance Group, based in China, for US$1.95 billion. When 450 Park Avenue was sold on July 2, 2007, for US$510 million, about US$1,589 per square foot (US$17,104/m²), it broke the barely month-old record for an American office building of US$1,476 per square foot (US$15,887/m²) based on the sale of 660 Madison Avenue. In 2014, Manhattan was home to six of the top ten zip codes in the United States by median housing price. In 2019, the most expensive home sale ever in the United States occurred in Manhattan, at a selling price of US$238 million, for a 24,000 square feet (2,200 m²) penthouse apartment overlooking Central Park, while Central Park Tower, topped out at 1,550 feet (472 m) in 2019, is the world's tallest residential building, followed globally in height by 111 West 57th Street and 432 Park Avenue, both also located in Midtown Manhattan.

Manhattan had approximately 520 million square feet (48.1 million m²) of office space in 2013, making it the largest office market in the United States. Midtown Manhattan is the largest central business district in the nation based on office space, while Lower Manhattan is the third-largest (after Chicago's Loop).

As of the fourth quarter of 2021, the median value of homes in Manhattan was $1,306,208. It ranked second among US counties for highest median home value at the time, second to Nantucket.

Media Manhattan has been described as the media capital of the world. An integral component of this status is the significant array of media outlets and their journalists who report about international, American, business, entertainment, and New York metropolitan area-related matters from Manhattan.

News Manhattan is served by the major New York City daily news publications, including The New York Times, which has won the most Pulitzer Prizes for journalism and is considered the U.S. media's "newspaper of record"; the New York Daily News; and the New York Post, which are all headquartered in the borough. The nation's largest newspaper by circulation, The Wall Street Journal, is also based in Manhattan. Other daily newspapers include AM New York and The Villager. The New York Amsterdam News, based in Harlem, is one of the leading Black-owned weekly newspapers in the United States. The Village Voice, historically the largest alternative newspaper in the United States, announced in 2017 that it would cease publication of its print edition and convert to a fully digital venture.

Television, radio, film The television industry developed in Manhattan and is a significant employer in the borough's economy. The four major American broadcast networks, ABC, CBS, NBC, and Fox, as well as Univision, are all headquartered in Manhattan, as are many cable channels, including CNN, MSNBC, MTV, Fox News, HBO, and Comedy Central. In 1971, WLIB became New York City's first Black-owned radio station and began broadcasts geared toward the African-American community in 1949. WQHT, also known as Hot 97, claims to be the premier hip-hop station in the United States. WNYC, comprising an AM and FM signal, has the largest public radio audience in the nation and is the most-listened to commercial or non-commercial radio station in Manhattan. WBAI, with news and information programming, is one of the few socialist radio stations operating in the United States.

The oldest public-access television cable TV channel in the United States is the Manhattan Neighborhood Network, founded in 1971, offers eclectic local programming that ranges from a jazz hour to discussion of labor issues to foreign language and religious programming. NY1, Time Warner Cable's local news channel, is known for its beat coverage of City Hall and state politics.