Driving Downtown - Lower Manhattan New York City New York USA - Episode 43.
Lower Manhattan, also known as Downtown Manhattan, is the southernmost part of Manhattan, the central borough for business, culture, and government in the City of New York.
Before the completion of One World Trade Center, Lower Manhattan was the fourth largest business district in the United States, after Midtown Manhattan, the Chicago Loop, and Washington, D.C.; Lower Manhattan is now the third largest central business district in the U.S. Anchored by Wall Street, New York City functions as the financial capital of the world and has been called the world's most economically powerful city. Lower Manhattan is home to the New York Stock Exchange, on Wall Street, and the corporate headquarters of NASDAQ, at 165 Broadway, representing the world's largest and second largest stock exchanges, respectively, when measured both by overall average daily trading volume and by total market capitalization of their listed companies in 2013. Wall Street investment banking fees in 2012 totaled approximately US$40 billion.
Manhattan is the most densely populated borough of New York City, its economic and administrative center, and the city's historical birthplace. The borough is coterminous with New York County, founded on November 1, 1683 as one of the original counties of the U.S. state of New York. The borough consists mostly of Manhattan Island, bounded by the East, Hudson, and Harlem Rivers, and also includes several small adjacent islands and Marble Hill, a small neighborhood on the U.S. mainland.
Manhattan is often described as the cultural and financial capital of the world and hosts the United Nations Headquarters. Anchored by Wall Street in the Financial District of Lower Manhattan, New York City has been called both the most economically powerful city and the leading financial center of the world, and Manhattan is home to the world's two largest stock exchanges by total market capitalization: the New York Stock Exchange and NASDAQ. Many multinational media conglomerates are based in the borough. It is historically documented to have been purchased by Dutch colonists from Native Americans in 1626, for 60 guilders or about $24 in 1626 and US$1050 today. Manhattan real estate has since become among the most expensive in the world, with the value of Manhattan Island, including real estate, estimated to exceed US$3 trillion in 2013; residential property sale prices in Manhattan typically exceeded US$1,400 per square foot ($15,000/m2) as of 2016.
Many districts and landmarks in Manhattan have become well known, as New York City received a record of nearly 60 million tourists in 2015, and Manhattan hosts three of the world's 10 most-visited tourist attractions in 2013: Times Square, Central Park, and Grand Central Terminal. The borough hosts many world-renowned bridges, such as the Brooklyn Bridge; skyscrapers such as the Empire State Building, one of the tallest skyscrapers in the world; and parks, such as Central Park. There are many historically significant places in Manhattan: Chinatown incorporates the highest concentration of Chinese people in the Western Hemisphere, and the Stonewall Inn in Greenwich Village is considered the birthplace of the modern gay rights movement. The City of New York was founded at the southern tip of Manhattan, and the borough houses New York City Hall, the seat of the City's Government. Numerous colleges and universities are located in Manhattan, including Columbia University, New York University, and Rockefeller University, which have been ranked among the top 35 in the world
New York City
The City of New York, often called New York City or simply New York, is the most populous city in the United States. Located at the southern tip of the state of New York, the city is the center of the New York metropolitan area, one of the most populous urban agglomerations in the world. With a U.S. Census Bureau-estimated 2015 population of 8,550,405 distributed over a land area of just 305 square miles (790 km2), New York is also the most densely populated major city in the United States. A global power city, New York City exerts a significant impact upon commerce, finance, media, art, fashion, research, technology, education, and entertainment, its fast pace defining the term New York minute. Home to the headquarters of the United Nations, New York is an important center for international diplomacy and has been described as the cultural and financial capital of the world.