Strategic Investments Group

Downtown Staten Island

Central Business District Overview

Downtown Staten Island (SI) provides a unique and bustling atmosphere for businesses and residents alike. As the welcoming point for nearly 70,000 daily commuters who use the Staten Island ferry, Downtown SI is comprised of four adjacent neighborhoods: St. George, Tompkinsville, Stapleton, and Clifton.

Downtown SI has experienced recent growth far outpacing other areas of New York City. Staten Island’s population has increased 24% over the last two decades, more than triple Manhattan’s growth rate during that time. The ongoing expansion of the healthcare, accommodation, food service, and education sectors have contributed to Downtown SI’s growing economy. Artists and musicians have gravitated to Downtown SI to remain close to Manhattan while also having affordable live and work space. In 2006, the Staten Island Economic Development Corporation held its first four-day film festival, bringing international and independent filmmakers to a diverse local audience.

Office Market

St. George Ferry Terminal

Downtown SI is home to over 75,000 residents and 12,000 workers in financial, legal, communications and other professional fields. The area has experienced a 32% increase in private sector employment over the last twenty years, versus only 4% citywide. With over 1 million square feet of commercial office space, Downtown SI can offer businesses a more affordable option than many other business districts.

Select Real Estate

AddressClass TypeLease Type
1 Edgewater PlazaBDirect
60 Bay StBDirect
Stuyvesant Business Center- 120 Stuyvesant PlBDirect
15-25 Hyatt StBDirect
95 Central AveBDirect
61 Central AveBDirect

Available Commercial Incentives

  • Commercial Expansion Project (CEP)
  • Energy Cost Savings Program (ECSP)
  • Industrial and Commercial Abatement Program (ICAP)
  • Relocation and Employment Assistance Program (REAP)
  • See www.nyc.gov/businessexpress for more information about incentive programs

Retail Market

Downtown SI offers plenty to see and do: a farmer’s market, free concerts and fairs in the parks, restaurants, shops, theatres, museums, and one of the most scenic stretches of New York waterfront. Along the Bay Street Corridor and surrounding neighborhoods, the Downtown SI’s commercial retail mix is primarily made up of local restaurants, small retail businesses, financial institutions and real estate/developers. At the St. George Ferry Terminal, the City has recently developed 17,000 SF of space and signed 6,000 SF of retail leases. Additionally, the terminal has a new interactive, multi-lingual, information center that showcases cultural, outdoor, sports, culinary, and tourist attractions in Staten Island and how to reach them.

Downtown Staten Island Radius

Downtown Staten Island Map

Downtown Staten Island Map

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