What You Need To Know About Relocating Your Business To New York City
October 8, 2020
New York, New York, the one and only. As the media, cultural, and financial hub of the world, it has a tremendous influence not just on the US but also on the whole world. It’s the melting pot of one of the most well-known businesses and talented people on Earth, making it a great place for any company that wishes to find success and thrive.
NYC can be the perfect destination for your business if you’re planning on relocating. Whether you have a well-established brand and company that needs to tap into new markets, launch your startup, or you’re an upcoming entrepreneur, establishing in the Big Apple can bring you all the benefits you desire.
Plus, the city that never sleeps is not just about business. You and your employees can enjoy the best cultural, entertainment, and dining scene in the world. Apart from these, we can’t forget about upscale shopping options on Fifth Avenue, great coffee and breakfast in Greenwich Village, or Manhattan’s skyscrapers.
1. The American dream in New York City
The Big Apple is one of the most significant sources of options and opportunities for businesses. From established firms to tech companies, there are all sorts of thriving businesses expanding here annually. If you’ve heard about Midtown, you probably know that it’s the most prominent business district globally, and Madison Avenue is just a haven for advertising agencies. At the same time, Brooklyn and Hudson Yards are renowned for their tech innovation. Plus, the city gives home to various firms specializing in journalism, publishing, mass media, design, fashion, and digital media.
The possibilities are endless, and experts believe that some sectors will experience even more growth and success in the coming years. If you’re in the software development, accounting, health services, or online educational industries, you’re in luck, as these will see an accelerated economic expansion in the next 2 to 5 years. The same goes for non-store retailers, especially e-commerce companies and catalog firms.
The icing on the cake is that New York City has the largest pool of experienced and highly-skilled workers in the USA. If you’re planning on expanding and growing your company, you’ll have no problems finding the right people. If your company needs creative, technical, or administrative freelancers, you’ve hit the jackpot with NYC, as there’s an abundance of workers specializing in these domains.
2. How much for office space in the Big Apple?
When business is booming, it’s no surprise that commercial real estate prices are soaring. If you’re looking to rent an office space in Midtown Manhattan, you need to prepare your wallet, as this area is the most expensive in the US and the sixth most costly on the planet. The whole situation can be trickier for you once you realize that the city’s typical lease term is never below ten years. Plus, these come with high upfront costs, making it difficult for smaller and even mid-sized firms to establish themselves in NYC.
However, with a little bit of help and research, you can come out on top of this situation in the most cost-effective way. Several companies are happy to give you move-in ready office spaces that will be to your and your wallet’s liking. And don’t think that these workspaces are cheaper than usual because they lack certain amenities.
3. When it’s time to move, go with the pros
If you decided to relocate, you need all the help that you can get. Moving a small company can turn into a real headache. And if you have a mid-sized or a large business, don’t even think about starting the process without asking for professional help. Various commercial movers NYC can give you the support you need, making the whole relocation fast, stress-free, and, most importantly, time- and cost-efficient.
Hiring the right moving company can make all the difference in the world. Your only job is to call the firm, tell them what you need, your inventory, and when you want to relocate, and the rest will be done by skilled movers who can deal with all the minor and major steps of the complex process.