This Lower Manhattan neighborhood is known for its teeming merchant atmosphere, hundreds of Asian markets and restaurants, and the eye-popping Lunar New Year Parade ever year.

But more recently, it’s become known as a destination for businesses in need of Manhattan office space. With an average rent of $55/sq.ft (compared to the city average of $72/sq.ft) and a major MTA hub at Canal Street, you can see why. Chinatown yields some of the best commercial real estate value in Manhattan. Recently acquired tenants include the creative agency Gin Lane and pet-accessory powerhouse Barkbox.

Chinatown boasts equally inexpensive, high-quality dining options, from standouts like Xi’an Famous Foods and the Maylaysian fare at Aux Epices, to one of New York’s finest diners in Cup and Saucer.

Nearby attractions include Chatham Square, Columbus Park, Museum of the Chinese in the Americas, and the Mahayana Buddhist Temple.

Nearby Districts Include: Little Italy, the Lower East Side, Tribeca, and the Financial District.