Economy of New York City

High-tech industries like biotechnology, software development, game design, and internet services are also growing, bolstered by the city's position at the terminus of several transatlantic fiber optic trunk lines. Other important sectors include medical research and technology, non-profit institutions, and universities. Manufacturing accounts for a large but declining share of employment. Garments, chemicals, metal products, processed foods, and furniture are some of the principal products. The food-processing industry is the most stable major manufacturing sector in the city. Food making is a $5 billion industry that employs more than 19,000 residents. Chocolate is New York City's leading specialty-food export, with $234 million worth of exports each year.

Wall Street

Manhattan had approximately 520 million square feet (48.1 million m²) of office space in 2013, making it the largest office market in the United States, while Midtown Manhattan is the largest central business district in the nation.

Lower Manhattan is the third largest central business district in the United States and is home to the New York Stock Exchange, located on Wall Street, and the NASDAQ, representing the world's largest and second largest stock exchanges, respectively, when measured by average daily trading volume and overall market capitalization. Financial services account for more than 35% of the city's