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00:00:00
nnnnn , new tech is driving an economic boom in new york city titans of web two point o. like facebook and google snapping up office space and driving up commercial occupancy rates to levels not seen since the financial crisis i'm reuters reporter conway giddens in new york it is likely that google help stop this trend when it purchased this massive two point nine million square foot building four and a half years ago and who is not done expanding in new york city according to reports recently signed an intent to leave another two hundred fifty thousand square feet , in a waterfront property just a few blocks from here , when google put down roots in this neighborhood known as midtown south suppliers and customers who wanted to be close to the tech giant quickly followed and that wasn't so hard to do since his once overlooked neighborhood was much cheaper than traditional midtown with its glassy old school high rise office buildings and downtown long the stronghold of wall street and its bankers the other catch companies like master card put its technology hub in a building like this because it's very similar to the silicon valley by plenty of speak open wide space is perfect for communal working plenty of free eating nnnnn and plenty of playing , the techies are not alone media advertising and information technology or moving to the area to which is just a few train stops from new york's hottest hipster neighborhood williamsburg brooklyn , and it's not just a real estate getting a boost hiring is soaring at its fastest pace citywide in sixty five years with these companies attracted to new york stable of tech savvy youngsters who want a career in tech without having to move to the other end of the country