Manhattan

According to Wiki, Manhattan is the major commercial, financial, and cultural center of the United States. Anchored by Wall Street in Lower Manhattan, New York City functions as the financial capital of the world, with an estimated GDP of over 1.2 trillion, and is home of both the New York Stock Exchange and NASDAQ. Many major radio, television, and telecommunications companies in the United States are based here, as well as a lot of news, magazine, book, and other media publishers.

Manhattan has many famous landmarks, tourist attractions, museums, and universities. It is also the location of the United Nations Headquarters. It is the center of Manhattan and the New York metropolitan region, hosting the seat of city government and a large portion of the area’s employment, business, and entertainment activities. As a result, residents of Manhattan’s other boroughs such as Brooklyn and Queens often refer to a trip to Manhattan as “going to the city”, despite the comparable populations between those boroughs.

Manhattan is #1 most-populated city in the United States with 8,175,133 Population in 2010. In a recent survey administered by the Association of Foreign Investors in Real Estate, Manhattan was voted the most attractive destination for real estate investment.

The recent Knight Frank Wealth Report 2011 ranks Manhattan as the #1 real estate market in the world based on factors including economic environment, political climate, knowledge and quality of life. In addition, since 2005, the city has had the lowest crime rate among the 25 largest U.S. cities.

As per AOL real estate published on Oct. 12th 2011,when it comes to square footage, property in Manhattan ($1,068 per sq ft), is downright cheap compared with Paris($3,287 per sq ft), London($1,590 per sq ft), Singapore ($1,561 per sq ft), and Hong Kong($1,118 per sq ft),

 

 

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