A World Trade Center, less known as the “Freedom Tower” than it was a few years ago, continues to thrive in a challenging downtown market.
The skyscraper’s three million square feet is 95% leased.
With possibly more activity than any other Lower Manhattan tower, it has seen 70 transactions since the start of 2020, totaling 1.2 million square feet.
The tenant roster continues to grow. Most famous for Condé Nast’s 1.2 million square-foot headquarters, about 76% of the building is leased to TAMI firms (Technology, Advertising, Media and Information).
The most recent signatures are of different types.
Tech company The Levine Group took 13,000 square feet in a new lease in the first quarter; Digital ad firm Undertone expands 9,500 sf in fourth quarter 2022; And real estate investment conglomerate Group RMC also added 6,500 sf in the fourth quarter.
