World Trade Center Lease Would Make WeWork NYC's Largest Office Tenant

The tallest building in the country, One World Trade Center looms over Lower Manhattan.
Bisnow/Andrew Nathanson
The Tallest Building In The Country, One World Trade Center, Looms Over Lower Manhattan.

WeWork is close to signing a huge lease at One World Trade Center, a move that would make the coworking giant the biggest office tenant in the city.

The lease in the 3M SF tower is slated to be around 200K SF, Crain’s New York Business reports. The news of the deal comes as Moody’s announced it would no longer rate WeWork, saying it doesn’t know enough about the company to assess its creditworthiness, according to Bloomberg.

The building, the tallest office building in the city, is owned by the Port Authority and the Durst Organization. Newmark Knight Frank New York Tri-State Region President David Falk took over leasing in the building in April, and then launched a new marketing campaign focusing on the millennial-driven firms already there.

That same month, Condé Nast put 350K SF on the sublease market, reducing its 1M SF footprint in the tower.

WeWork, which launched a new product earlier this month aimed at midsize tenants who want their own space, is ratcheting up the pressure on its rivals by offering a 100% commission deal to brokers. The company is 74K SF behind JPMorgan Chase as the biggest office tenant in the city, according to Recode, so a 200K SF lease at WTC would put it comfortably in the lead.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

NYC Lawmakers Consider Mandating Lease Extensions For Retailers

NYC Pushes To Use Opportunity Zone 2.0 For Mamdani's Housing Goals

Defense Tech Firms Setting Up Shop In Trump Family's Palm Beach Orbit

Google Delays Thompson Center Opening To 2028, Releases New Renderings

Where Capital Meets Opportunity: Navigating The Next Wave Of CRE Financing At Bisnow’s Event On Sept. 30

Discussing Strategic Capital Stack Structuring At Bisnow's Sept. 30 National Finance Event

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

DivcoWest Sells Glendale Office Building For $70M

Bally's Lines Up $560M Loan For Bronx Casino: The N.Y. Deal Sheet

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Historic Brooklyn Hotel To Be Turned Into Ritz-Carlton-Branded Condos

Hines And Rialto Close Office Credit Fund At $1.1B