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Starting a business in New York is something that happens on a daily basis. However, while there are many new businesses that open, there are also many of them who get closed. Making it in New York is a feat that can really launch your business sky high or it can bury you deep underground. Doing the same thing in Manhattan is going to be even more complicated. So, you need to make sure that you whatever you can to allow your company an opportunity for growth. Some companies found a trick that has proven crucial to their success, but also to their survival as well. The fact is that businesses are moving to Upper East Side. Why is that? Well, this is what we are going to take a look at today. Here at Divine Moving and Storage NYC, we meet people daily who do this. Let’s see why.

key in hand
Rents are lower here than in some other parts of the city

So many businesses are moving to Upper East Side, why is that really?

New York is one of the most popular places in the country. It is also one of the best-known cities in the world. In fact, some would go as far as to say that New York is a sort of capital of the globe. So, making a living here is what can be pretty rewarding, but also very demanding. You need to adapt almost on a daily basis in order to be able to gain some competitive advantage over your competition. Moving around is a tool that you can use to manage to do that.

Obviously, moving often is not always the best option. The costs of moving supplies NYC has to offer, the logistics of the move and the ability to lose customers are things that are going to influence your decision-making process. So, it is important to get a clear picture of what a change is going to give to you and what you may lose.

Even so, many businesses are moving to Upper East Side for different reasons. Following are just some of them:

  • Lower rents
  • Close to tourists attractions, far from hustle and bustle of the Financial district
  • Upscale neighborhoods mean more business and more income
  • Good transit connections

Now, let’s take a closer look at each of these reasons to relocate your business here as well.

Lower rents as one of the reasons for relocating your business to the Upper East Side

The first thing that we need to talk about is the wave of gentrification that has been splashing the shores of New York homes and businesses for quite some time now. Even though the majority of people who have felt it have been the regular folk, businesses have not been resistant to it either. Rising costs of rents have made some of them close, others to higher their prices and fees, and a portion of the business to relocate. Many of them have chosen to hire Upper East Side movers to help them move to the new destination for their business.

a woman in subway
The Upper East Side is well-connected to the rest of Manhattan

Simply, the rents here are lower than down South. Obviously, they are still going to be higher than in the rest of the country for sure. Still, these small bits and pieces are the difference-makers for small business owners, but for the large chains as well. In the time of crises, one needs to keep a tight grip on the money. Businesses are no different. After all, many people depend on them.

Close to tourist attractions, far away from hustle and bustle of the Financial district

The next reason that we need to talk about for moving your company farther North is the atmosphere.

Working in the Financial district can really be lucrative. However, it is also going to be draining and consuming. It can consume your free time, money, and ultimately, health. So, taking the matter into your own hands can really be the best way to deal with these problems. While the Upper East Side is far from a calm part of New York, it is surely calmer than what lies below. So, if you are looking to move here, make sure to obtain free moving estimates from movers. Then, choose the company that offers to provide you with the widest range of services. 

Upscale neighborhoods mean more business and more income

Now, it is not only people fleeing high rents whose businesses are moving to Upper East Side. Also, there are companies who come here because they realize that they have the potential for something more. Still, they need to get closer to action in order to play in the next level league.

dollar bills
Upscale neighborhoods mean more turnover

The Upper East Side is interesting to them because this still is a residential area. In fact, it is an upscale residential area. This means that businesses can expect higher turnover and more customers. Give the fact that these customers should have deeper pockets than some others, businesses can flourish and develop. Sure, they can go down as well. But, that’s just the risk of being in any business.

Good transit connections

Lastly, we would like to point out that the Upper East Side is well-connected to the rest of the city. So, it is very accessible to anyone who may need to come to the premises of any company. The simplicity of getting around is very important in business. So, the reasons for the popularity of the Upper Easy Side should not be questioned.

Businesses are moving to Upper East Side for good reasons

As you have seen, many businesses are moving to Upper East Side for different reasons. Plenty of them very good. In the case that you are a business owner, you should think about whether you should follow suit or not. The choice is all yours.

 

About Author

Born and raised in the upper east side of NYC. I consider myself an expert with anything moving or storage related aspects in New York City. Having been in the NYC relocation industry for almost two decades I found myself at a point that I am able to answer and help my clients on the first phone call. NYC is amazing and I can't wait for it to recover from the COVID related closures. Feel free to email or call anytime! 212-244-4011