We have listed seven rankings led by New York City. They constitute a good reason to think of this city as one of the most dynamic real estate markets in the world as they highlight its powerful economic and demographic features.
- The most visited city in the American continent
Nearly 60 million travelers visit New York City every year. It is estimated that, by the end of this year, it will break its record for the seventh consecutive time by receiving 59,7 million travelers.
According to the MasterCard Global Destinations Cities Index, in 2015, New York was the most visited city in the United States, surpassing other destinations such as Los Angeles and Orlando. Globally, it is the sixth most visited city in a ranking led by London. However, it is positioned as number one in the American continent.
2. The most populated city in the United States
New York City is not only the city with the highest population; it also hosts the highest population per square mile:
Population 2015: 8,550,405
Population density (persons per square mile): 27,012
It is worth noting that New York City’s population reflects a large difference from that of other cities. Los Angeles, California, second in ranking, recorded 3,971,883 inhabitants in 2015; that is, almost half of New York City’s.
3. The city with the highest number of billionaires in the world
In 2015, Forbes Magazine reported that there are 1,826 billionaires in the world (individuals with a minimum capital of one billion dollars), adding that New York as the city that hosts the highest number of persons in such list, 78 of whom are residents.
4. The city with the highest number of Fortune 1000 companies
Year after year Fortune Magazine publishes a list of the most successful companies in the United States, based on their revenues. In 2015, it ranked New York City as the host of 72 of such companies, followed by Houston, by a large difference, with 49 corporations.
5. The most economically powerful city
CityLab reports an annual ranking of the most powerful cities on the basis of five factors: the Gross Domestic Product recorded by Brookings Institute; the Z/Yen Group’s Global Financial Centres Index; The Economist’s City Competitiveness Index; and the United Nations’ City Prosperity Index. The ranking results from the average grade given to the cities according to their position in these lists. New York ranked first in 2015, followed by London and Tokyo. Read the full analysis here.
6. The most attractive city for real estate investment.
The Association of Foreign Investors in Real Estate (AFIRE) carries out a yearly survey among its members. For the past five years New York City has been voted the most attractive city for investment, except for 2013, when it was overtaken by London. Read more about the AFIRE 2015 survey in our blog.
7. The city with the most expensive office space in the United States.
In its December 2015 report, JLL catalogued New York as the city with the most expensive office space per square foot. New York City heads the list, with US$ 171, followed by San Francisco.
Read about The Assemblage/Park Avenue South, a recent real estate crowdfunding offer for a co-working space project in Manhattan that will benefit from the attractive office market of New York.