The Deal
Monday, November 23, 
11:15 pm

Stamford vs. Manhattan, no contest

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The Wall Street Journal's Marketplace section featured Wednesday a story about the resurging interest in Manhattan office space. The story is in stark contrast with one that appeared in The New York Times last week, which claimed that Stamford, Conn., is the hot spot for businesses — especially financial ones. Can it be possible that both stories are right? Well, if you work for the commercial real estate brokers at Cushman & Wakefield, the answer is yes. Both stories quote sales people from different offices of the firm basically saying that their region is the hottest place to be for banks, hedge funds and private equity firms. No offense to Stamford, but there is no way the edge city love child of Manhattan and New Haven could ever displace New York as the financial services capital of the world. Besides, Stamford would first have to rumble with Manhattan's other edge city love child, Jersey City, to even enter a title bout with the champ. —Matthew Wurtzel

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