SIEDC
Accessibility | Quality of Life | Vital Statistics | Real Estate
About Staten Island
Overview
There are numerous competitive advantages to locating and growing your business on Staten Island. Proximity to Manhattan, access to major consumer markets and availablility of developable and affordable land are just a few.
Accessibility
Just outside the thick of New York traffic, Staten Island boasts easy access to the Interstate Highway System. Twenty minutes west of the Island are Interstate 80, the New Jersey Turnpike and Garden State Expressway as well as access roads to Manhattan. Across the Verrazano Bridge to the east, Staten Island is proximate to main arteries serving Nassau and Suffolk Counties.

In addition to road shipping route access, Staten Island offers nearby water freight service through the Howland Hook Marine Terminal, located on the Island's North Shore. Howland Hook serves major shipping lines such as Maersk, Sea-Land and Evergreen. Port Ivory, a 371-acre property that abuts the Howland Hook facility, is a designated Free Trade Zone.
Quality of Life
In addition to being a City business location, Staten Island is a great place to call home. The Island boasts more parkland than any other Borough, as well as beaches, cultural attractions and fast access to entertainments from apple-picking in New Jersey to a Broadway show.

A family-oriented Borough, Staten Island boasts ample residential choices, excellent schools and the safety of close knit, town-based communities. Over 1,500 new units of housing are built every year on Staten Island. Housing stock ranges from town-house units starting at $75,000 to one-family luxury detached units worth over $1 million.
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Vital Statistics
Population in 2005 455,344
Population Change since 2000 2.55%
Median Income in 2005 $63,023
Change in Median Income since 2000 12.67%
Median Home Price in 2005 $434,000
Change in Home Price since 2000 51%
Unemployment Rate in 2005 5.1%
Change in Unemployment Rate since 2004 -21.5%
Labor Force in 2005 227,800
Change in Labor Force since 2004 .75%
Staten Islanders employed on Staten Island 89,520
Change since 2004 1.2%
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Real Estate
Staten Island contains 70% of New York City's remaining undeveloped, manufacturing-zoned real estate. Any company with plans for expansion in or near the City must consider Staten Island among their top location choices.
Estimated Real Estate Values:
  Lease (land w/ structure) Lease (vacant land) Buy (vacant land)
Retail $10 - $30 $1 - $3.50 $15 - $50
Commercial $10 - $35 $1 - $3.50 $15 - $50
Industrial $4 - $8 $0.50 - $3 $5 - $20
Residential $600 - $800 (unit) $0.50 - $1.50 $5 - $35
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© 2008 Staten Island Economic Development Corporation
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email: info@siedc.net