Manhattan's Tech District Attracts Banks Seeking Closer Ties

A part of Manhattan dominated by technology companies -- Google, Facebook, Twitter -- is now drawing a more traditional New York industry: banking. Office leasing by financial firms in Midtown South -- the stretch between 30th and Canal streets with one of the lowest office vacancies in the country -- surged in the third quarter to 23.1 percent of all deals from 10.3 percent in the previous three months, according to brokerage Cushman & Wakefield.
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