Penn Station in Midtown Manhattan is the busiest transportation hub in the Western Hemisphere. The Empire State Building has become the global standard of reference to describe the height and length of other structures. Many districts and landmarks in Manhattan are well known, as New York City received a record 62.8 million tourists in 2017, and Manhattan hosts three of the world's 10 most-visited tourist attractions in 2013: Times Square, Central Park, and Grand Central Terminal. If each borough were ranked as a city, Manhattan would rank as the sixth-most populous in the U.S. Manhattan has the third-largest population of New York City's five boroughs, after Brooklyn and Queens, and is the smallest borough in terms of land area. On business days, the influx of commuters increases this number to over 3.9 million, or more than 170,000 people per square mile (65,600/km 2). Its density makes it one of the most densely populated areas in the world, with a 2020 census population of 1,694,251 living in a land area of 22.83 square miles (59.13 km 2), or 72,918 residents per square mile (28,154/km 2), higher than the density of any individual U.S. New York County is the smallest county by land area in the contiguous United States, the second-smallest American county overall (larger only than Kalawao County, Hawaii), as well as the most densely populated U.S. Manhattan became a borough during the consolidation of New York City in 1898. The Statue of Liberty greeted millions of immigrants as they came to America by ship in the late 19th century and is a world symbol of the United States and its ideals of liberty and peace. New York, based in present-day Manhattan, served as the capital of the United States from 1785 until 1790. The territory and its surroundings came under English control in 1664 and were renamed New York after King Charles II of England granted the lands to his brother, the Duke of York. Manhattan traces its origins to a trading post founded by colonists from the Dutch Republic in 1624 on Lower Manhattan the post was named New Amsterdam in 1626. In 2022, the average monthly apartment rent in Manhattan climbed over US$5,000.00 for the first time. Manhattan real estate is among the most expensive in the world, with the value of Manhattan Island, including real estate, estimated to exceed US$3 trillion in 2013 median residential property sale prices in Manhattan approximated US$1,600 per square foot ($17,000/m 2) as of 2018, with Fifth Avenue in Midtown Manhattan commanding the highest retail rents in the world, at US$3,000 per square foot ($32,000/m 2) per year in 2017. Many multinational media conglomerates are based in Manhattan, and the borough has been the setting for numerous books, films, and television shows. Īnchored 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. Manhattan has been described as the cultural, financial, media, and entertainment capital of the world, is considered a safe haven for global real estate investors, and hosts the United Nations headquarters. Manhattan Island is divided into three informally bounded components, each cutting across the borough's long axis: Lower, Midtown, and Upper Manhattan. mainland, separated from the rest of Manhattan by the Harlem Ship Canal and later connected using landfill to the Bronx. Manhattan additionally contains Marble Hill, a small neighborhood now on the U.S. The borough consists mostly of Manhattan Island, bounded by the Hudson, East, and Harlem rivers along with several small adjacent islands, including Roosevelt, U Thant, and Randalls and Wards Islands. Manhattan serves as the city's economic and administrative center, cultural identifier, and historical birthplace. It is the urban core of the New York metropolitan area, and coextensive with New York County, one of the original counties of the U.S. Manhattan ( / m æ n ˈ h æ t ən, m ə n-/), known regionally as The City, is the most densely populated and geographically smallest of the five boroughs of New York City.
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