Hudson Square, NYCThe Hudson Square Neighborhood in Midtown South sits opposite SoHo on the West Side, and runs all the way to the river. The other borders of the neighborhood are 6th Avenue to the East (which becomes SoHo), Canal Street to the South, and Morton Street in the North.
Hudson Square represents one of the newest business areas in Manhattan. Like Chelsea above it, it offers a mix of offices, restaurants, bars, stores, art galleries, and housing complexes, making it a newly developing mix-use area. Of course, its relatively new status means the prices are cheaper than Chelsea, or at least they will be for a little bit. Like Chelsea, warehouses have been turned into buildings with all kinds of uses, and any small firm can find a location here. Also, the area has some of the best park area in Manhattan, with a beautiful stretch running along the Hudson River that allows for exercise and recreation.
Like Chelsea, Hudson Square is good for small firms, but those who don't quite have the budget to be in a more central location. This should not be a mark against the neighborhood though, as the 1, C, and E lines all serve it, and the park space is extraordinary.
Hudson Square is a good place in Manhattan to be in a neighborhood that is still developing, and Optimal Spaces can help a small office firm find suitable space.