City Profile

New York City has long been the United States' and the world's leading financial and cultural centre. New York City has a population of 8.8 million across the five boroughs. The city is home to a diverse population that speak over 200 languages and is a melting pot of many cultures.

In line with historic trends, New York performs highly for both Investor Attractiveness and Assets, owing to an established position as the world's leading financial centre and stock exchange.

The city is also home to top class universities like Columbia University and New York University, well-known museums like the Metropolitan Museum of Art, and a thriving entertainment economy - on screen and stage.

While New York boasts an impressive set of infrastructural, intellectual and cultural assets, the city is starting to struggle in critical components for liveability. Since Covid-19, housing affordability, among other aspects of cost of living, has become an insurmountable challenge. Additionally, as the dynamics of work have changed post-pandemic, young talent has become more critical of work-life-balance in the city. Targeting city planning and strategy to address these quality of life challenges will help New York City become a leading talent hub once more.

Case study

Over the last thirty years, the rise of global cities has been one of the big stories of economic development. As their economies grew so did their populations and so did some of the challenges of growth: poor quality and expensive housing, hostile and unsafe neighbourhoods, and pollution and carbon emissions resulting from a rise in motor vehicle use. This paper draws on a discussion of urban experts held by Arup in late 2022, to explore how our paradigm of urban development is changing following the pandemic, and what city leaders need to be thinking about today to prepare their cities for the next phase of their evolution.
See full case study
Next black arrow