COMMUTING TO LOWER MANHATTAN: AN UNMATCHED COMBINATION OF CHOICE, EASE AND SPEED 2023

COMMUTING TO LOWER MANHATTAN: AN UNMATCHED COMBINATION OF CHOICE, EASE AND SPEED

2023

One of NYC’s Most Accessible Business Locations Today, more than ever, commute time and quality are key to attracting and retaining the workforce that businesses need to grow and thrive. Lower Manhattan’s extensive transportation network offers your business easy access to some of NYC’s most thriving residential communities. The diversity of transportation options downtown provides your workforce with multiple ways to get in and out of the neighborhood.

Lower Manhattan’s 13 subway lines and 2 PATH lines provide more than just quick access to myriad neighborhoods, including Downtown Brooklyn, Jersey City and Park Slope. They also offer many commuters multiple ways to reach the neighborhood. When you’re located in Lower Manhattan, your business no longer needs to rely on just a handful of subway lines. And our compact district means that almost every major office building downtown is no more than a 5-minute walk from multiple transit options.

Access to Lower Manhattan’s businesses isn’t limited to subways and buses. Surrounded on three sides by water, Lower Manhattan is better served by the region’s expanding ferry network than any other business district in the city. Cyclists are also well served by the neighborhood’s growing number of bike paths which allow for a short ride to almost all of Manhattan below 23rd Street.

EXTENSIVE TRANSIT INFRASTRUCTURE 13 MTA subway lines & 2 PATH lines

260 AM/PM peak period trips via MTA commuter & express bus routes 3 commuter ferry landings with 15 total routes 28 Citi Bike stations & more than 2.3 miles of bike lanes Downtown Connection - free circulator with 36 stops

AN UNMATCHED COMBINATION OF CHOICE, EASE and SPEED 13 subway lines and two PATH lines connect Lower Manhattan’s 89M SF of office space to approximately 750,000 young college-educated workers aged 44 and younger. Many Lower Manhattan commuters benefit from state-of-the-art new transit facilities like Fulton Center and the World Trade Center Transportation Hub. Multiple lines mean resilience and peace of mind for employers and employees alike. Lower Manhattan businesses don’t need to rely as heavily on a single transit option as their peers in other parts of the city.

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MORE THAN 90% OF JOBS ARE WITHIN A 5 MIN WALK OF 7-9 SUBWAY/ PATH LINES

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Business district boundaries based on adjacent census tracts. Jobs data comes from the U.S. Census, OnTheMap and LEHD 2014.

BY COMPARISON: Just 49% of Midtown East’s jobs…

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and 28% of Hudson Yards’ jobs have the same level of access.

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COMPETITIVE REGIONAL COMMUTE TIMES Suburban rail commuters can get to Lower Manhattan in a little over an hour— comparable to commuting to Midtown for many.

Subway and PATH commuters living in some of the region’s most desirable communities can be in their Lower Manhattan offices in less than 40 minutes.

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SUPERIOR FERRY ACCESS

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Lower Manhattan has the best ferry access of any business district in the region. 97% of downtown jobs are a 10-minute walk or less from a ferry terminal. The ferries connect our businesses to some of the hottest and fastest-growing neighborhoods in New York and New Jersey, including Long Island City, Williamsburg, Jersey City and Hoboken.

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Within a 15-Minute Cycling Radius of Lower Manhattan You Have Access To Lower Manhattan’s 2.3 miles of bike lanes and 28 Citi Bike stations provide cyclists with an easy 15-ride to most of Manhattan below 23rd Street and parts of Downtown Brooklyn.

UP TO 23RD STREET AND PARTS OF BROOKLYN

2.3 Miles Of Bike Network Infrastructure And 28 Citi Bike Stations Across Lower Manhattan

PLANNED NEW H Not only does leasing space downtown connect you to the workforce of today—it will also link you with the workforce of tomorrow.

The bustling and exciting residential communities surrounding Lower Manhattan are slated to continue growing in the coming decades.

These neighborhoods have long been the locations of choice for well-educated young workers, and they are likely to welcome even more of this desirable demographic in the coming years.

An ADNY analysis indicates that 58,000 new housing units are either planned or under construction in communities within a 40-minute commute of Lower Manhattan.

Long Island City-Hunters Point

11,800

Downtown Brooklyn 7,400

HOUSING UNITS

Downtown Jersey City 22,800

Financial District 4,000

Williamsburg/ Greenpoint

Dumbo 1,000

3,200

Two Bridges 2,700

Alliance for Downtown New York, Inc. 120 Broadway, Suite 3340 New York, New York 10271 The mission of the Alliance for Downtown New York is to provide service, advocacy, research and information to advance Lower Manhattan as a global model of a 21st century central business district for businesses, residents and visitors.

downtownny.com