ALL ABOUT NEW YORK
Wall Street
Main articles: Wall Street and Financial District, Manhattan
The New York Stock Exchange is the world's largest stock exchange per total market capitalization of its listed companies.[366][367]
New York City's most important economic sector lies in its role as the headquarters for the U.S. financial industry, metonymously known as Wall Street. Lower Manhattan is home to the New York Stock Exchange, at 11 Wall Street, and the Nasdaq, at 165 Broadway, representing the world's largest and second largest stock exchanges, respectively, when measured both by overall average daily trading volume and by total market capitalization of their listed companies in 2013.[366][367] In fiscal year 2013–14, Wall Street's securities industry generated 19% of New York State's tax revenue.[368]
New York City remains the largest global center for trading in public equity and debt capital markets, driven in part by the size and financial development of the U.S. economy.[369]: 31–32 [370] New York also leads in hedge fund management; private equity; and the monetary volume of mergers and acquisitions. Several investment banks and investment managers headquartered in Manhattan are important participants in other global financial centers.[369]: 34–35  New York is the principal commercial banking center of the United States.[371]
Manhattan contained over 500 million square feet (46.5 million m2) of office space in 2018,[372] making it the largest office market in the United States,[373] while Midtown Manhattan, with 400 million square feet (37.2 million m2) in 2018,[372] is the largest central business district in the world.[374]
DRIVING DIRECTIONS
