The Auckland Chancery centre is on the ground floor of the well known 19-storey former AXA building, which has two picturesque terraces and is home to a mixture of respected legal, financial, business services, government and multi-national corporations. Shortland Street is recognised as Auckland's premier business address for companies wanting prestige offices. It is in the heart of the central business district's professional services area and neighbouring landmark buildings house some of the country's biggest blue chip tenants. Most major international corporations have an office in Auckland office, which is the economic capital of the nation and home to 31 percent of New Zealand's population. About 78,000 people work in the central business district and almost 9,500 businesses are based there, making it the largest employment centre in New Zealand. It is also a centre for culture, recreation and leisure. The largest business sectors are finance and insurance, property and business services.