One World Trade Center, which thankfully is less known as the “Freedom Tower” than it was a few years ago, continues to thrive in a challenged downtown market.
The skyscraper’s three million square feet are 95% leased.
With possibly more activity than any other Lower Manhattan tower, it has seen 70 transactions since the start of 2020, accounting for 1.2 million square feet.
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The tenant roster is increasingly diverse. Best known for Condé Nast’s 1.2 million square-foot headquarters, roughly 76% of the building is leased to TAMI firms (tech, advertising, media and information).
The most recent signings are of different types.
Tech company The Levin Group took 13,000 square feet in a new lease in the first quarter; digital ad firm Undertone expanded by 9,500 sf in the fourth quarter of 2022; and real estate investment outfit Group RMC extended on 6,500 sf also in the fourth quarter.
