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This 1903 map shows that the price per square foot for the best sites varied dramatically -- tenfold and higher -- in the distance of only two or three blocks. The highest values ($350-$400 per square foot) were concentrated on Broadway at Wall Street and at the intersections of Wall and Broad Street where the major banks, stock and other exchanges, corporate headquarters, and their attendant professions, lawyers and accountants, anchored the financial district. Such differences underscore the quip that the first three rules of real estate development are "location, location, location."
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