page_title: Midtown Manhattan
section_title: Former economic operations
hierarchical_section_title: Midtown Manhattan / Economy / Former economic operations
context_page_description: Midtown Manhattan is the central portion of the New York City borough of Manhattan. Midtown is home to some of the city's most prominent buildings, including the Empire State Building, the Chrysler Building, the Hudson Yards Redevelopment Project, the headquarters of the United Nations, Grand Central Terminal, and Rockefeller Center, as well as tourist destinations such as Broadway and Times Square.
  Midtown Manhattan is the largest central business district in the world and ranks among the most expensive pieces of real estate; Fifth Avenue in Midtown Manhattan commands the world's highest retail rents, with average annual rents at US$3,000 per square foot in 2017. However, due to the high price of retail spaces in Midtown, there are also many vacant storefronts in the neighborhood. Midtown is the country's largest commercial, entertainment, and media center, and also a growing financial center.
  The majority of New York City's skyscrapers, including its tallest hotels and apartment towers, are in Midtown. The area hosts commuters and residents working in its offices, hotels, and retail establishments, tourists and students.
context_section_description: Companies that used to have their headquarters in Midtown Manhattan include American Airlines, American Comics Group, American Overseas Airlines, Central Park Media, Eastern Air Lines, GoodTimes Entertainment, LJN, NewKidCo, Pan American World Airways, Philip Morris Companies (now Altria Group), Trans Caribbean Airways, and Trans World Airlines. In 1997, Aer Lingus announced that it was moving its North American headquarters from Midtown to Melville, New York, in Suffolk County on Long Island.
caption: The MetLife Building (formerly Pan Am Building)
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