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Office Rents Cut at
One World Trade

Wall Street Journal, by Eliot Brown

Original Article

Posted By:Phosphene, 5/27/2014 12:02:46 PM

The owners of the tallest tower at the World Trade Center are cutting office rents just months before it opens because of slow leasing activity. No private office tenant has signed a lease at One World Trade Center in nearly three years. The 3.1-million-square-foot skyscraper, formerly named the Freedom Tower, is 55% leased. The owner—a venture of developer Douglas Durst and the Port Authority of New York and New Jersey—is cutting asking rents nearly 10% to $69 a square foot for larger tenants on the building´s middle floors, down from $75 a square foot, Mr. Durst said in an interview

Comments:
Is the World Trade Center still a target? Or is there no money to start new businesses?

      


Post Reply  

Reply 1 - Posted by: P chuck, 5/27/2014 12:57:59 PM     (No. 9863441)

That is 3 times the rates for class A space in Atlanta. No wonder no one is leasing!

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Reply 2 - Posted by: BigGeorgeTX, 5/27/2014 2:07:08 PM     (No. 9863571)

Who wants to work in a building that´s a primary target from day one?

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Reply 3 - Posted by: bugboy, 5/27/2014 2:39:06 PM     (No. 9863614)

Muslims will try and take it down again. I wouldn´t want to be anywhere close to that building.

They should have grassed it over and made a memorial park of the entire place.

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Reply 4 - Posted by: Trigger2, 5/28/2014 6:34:00 AM     (No. 9864182)

Make Barry personally pay (out of his ill gotten stash) the SF rate for any vacancies left in the building. After all, he´s the one who has gutted and is continuing to gut any economic activity whatsoever.

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Office Rents Cut at
One World Trade
Wall Street Journal, by Eliot Brown    Original Article
Posted By: Phosphene- 5/27/2014 12:02:46 PM     Post Reply
The owners of the tallest tower at the World Trade Center are cutting office rents just months before it opens because of slow leasing activity. No private office tenant has signed a lease at One World Trade Center in nearly three years. The 3.1-million-square-foot skyscraper, formerly named the Freedom Tower, is 55% leased. The owner—a venture of developer Douglas Durst and the Port Authority of New York and New Jersey—is cutting asking rents nearly 10% to $69 a square foot for larger tenants on the building´s middle floors, down from $75 a square foot, Mr. Durst said in an interview



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