London and New York are two of the world’s most vibrant and thriving cities. As economic powerhouses, they offer a wide range of business opportunities for both new and established companies.
However, certain areas within these cities are particularly lucrative for businesses due to a combination of factors such as location, infrastructure, accessibility, and availability of resources. So, this article will help to highlight the growing areas in these cities, so you can see which one is most likely to fit your business.
London
London is a bustling city that offers a wide range of business opportunities. However, the most lucrative parts of London for businesses are listed below, so enjoy!
Covent Garden
Covent Garden is a cultural center for London, with an array of restaurants and businesses set up in this beautiful area of the city each week.
It is also known for its street performers, shops, restaurants, and historic market hall, making Covent Garden office space some of the most sought-after in London.
The City of London
The City of London, which is also known as the financial district, is the heart of London’s financial industry. It is home to the London Stock Exchange, the Bank of England, and numerous other financial institutions, and, on a tube, is located near Kings Cross and St Pancras, so it is easy for you and your staff to get to!
West End
The West End is London’s commercial and entertainment hub, and it is home to a range of businesses, including advertising agencies, media companies, and fashion houses. The West End also has a thriving tourism industry, with numerous hotels, restaurants, and theatres.
Canary Wharf
Canary Wharf is another financial district in London that is home to many international banks and financial institutions. It is also home to numerous luxury hotels, high-end restaurants, and shops.
Tech City
Tech City, also known as Silicon Roundabout, is the hub of London’s thriving technology industry. It is home to numerous tech startups, incubators, and accelerators. Tech City is also home to many co-working spaces and networking events for tech entrepreneurs.
New York
New York City is a global financial capital and one of the world’s most iconic cities. Like London, there are several lucrative parts of the city that offer businesses a range of opportunities. If you want to set up there, here are the key places to look into for your business offices.
Midtown Manhattan
Midtown Manhattan is the commercial and cultural hub of New York City. Manhattan is home to some of the world’s largest corporations, including Goldman Sachs, Morgan Stanley, and JPMorgan Chase. Midtown is also home to numerous hotels, restaurants, and entertainment venues.
Wall Street
You don’t just have to be a wolf to thrive on Wall Street! Wall Street is the financial heart of NYC and the world. It is where the New York Stock Exchange and numerous other financial institutions are. Wall Street is where many of the world’s largest banks, hedge funds, and investment firms are located.
Brooklyn Navy Yard
The Brooklyn Navy Yard is a 300-acre industrial park that is home to over 400 businesses. It is a hub for manufacturing and innovation, with businesses in the fields of biotech, fashion, and film production.
Long Island City
Long Island City is a rapidly developing area in Queens that is home to numerous businesses, including technology startups, media companies, and art galleries. Long Island City has excellent transportation links to Manhattan, making it an ideal location for businesses that need to be close to the city center.
