World Trade Center is the area near the Southwest tip of Manhattan consisting of five high-rise office towers. Renting office space here would mean working among growing companies such as Moody’s, a business and financial services company; Conde Nast, a magazine publisher; WilmerHale, a law firm; Spotify, a music, podcast and video streaming service; and MediaMath, a software company.
World Trade Center Office Space | Lease and Data Trends
Renters can secure World Trade Center office space for an average of $81 per square foot. Prices will vary by building and floor. The vacancy rate is about 17 percent, well above the New York City average of 10 percent; so there are plenty of office spaces available for rent. World Trade Center office leases are comparable in price to offices in Greenwich Village, Columbus Circle, Plaza District, Hudson Yards, and Times Square.
World Trade Center Office Buildings
1 World Trade Center: Commonly called Freedom Tower, One World Trade Center is the tallest building in the Western Hemisphere, and sixth tallest building in the world. The sustainably built 104-story tower has more than 3 million square feet of office space for rent, 54 high-speed elevators, an enclosed observation deck, and an iconic 408-foot spire.
2 World Trade Center: Located at 200 Greenwich Street between Vesey and Fulton, 2 World Trade Center is a stylish, stacked office tower with more than 38,000 square feet of outdoor terraces and greenery and 2.8 million square feet of rentable office space. 200 Greenwich Street was designed by Bjarke Ingels Group, a NYC and Copenhagen-based group of architects, and designers focused on urbanism, architecture, research, and sustainable development.
3 World Trade Center: The 80-story tower at 175 Greenwich Street opened in early 2018, and features a 60+ foot high lobby and 2.5 million square feet of office space for rent. GroupM recently signed a 20-year lease for more than 700,000 square feet.
4 World Trade Center: 150 Greenwich Street opened in November 2013, and is a sustainably built 72-story office tower with an eye for urban minimalism. The building has 2.5 million square feet of rentable office space, and an additional 140,000 square feet or retail space.
7 World Trade Center: Opened in May 2006, 250 Greenwich Street is considered a pioneer in environmental sustainability, energy efficiency, and Lower Manhattan redevelopment. The 52-story office tower has more than 1.7 million square feet or rentable office space, and is NYC’s first LEED Gold Certified office building. 250 Greenwich Street earned the Municipal Art Society of New York’s 2006 award for Best New Building, and the American Institute of Architects New York Chapter’s 2006 Merit Award for Architecture.
What Our Brokers Say About World Trade Center Office Space
World Trade Center is located on the northwestern side of Lower Manhattan tucked between Tribeca and the Financial District. Companies in this part of the city enjoy a range of convenient public transit options. Commuters can take the 1, 2, 3, 4, 5, 6, A, C, E, R, W, J, and Z trains, the Staten Island Ferry, East River Ferry, or the PATH Train from Jersey City and Hoboken. Commuters can easily get to and from many parts of Brooklyn and Queens on the 2, 3, 4, 5, A, C, R, J, and Z trains.
If you’re planning a business lunch, look up ONE Dine at One World Observatory, Osteria della Pace, Nobu Downtown, Ruchi or Morton’s The Steakhouse. Need to take a stroll? Explore a nearby park such as Silverstein Family Park, Liberty Park or the 9/11 Memorial Park. If you need to house freelancers or visiting business partners, check out the New York Marriott Downtown; Club Quarters, World Trade Center; or Four Points by Sheraton.
Get to Know the Neighborhood
World Trade Center is perhaps best known for the building named after it: One World Trade Center, the tallest building in both the United States and the Western Hemisphere. It is part of a group of five skyscrapers currently under construction; at this point, three have been completed. The area also includes the 9/11 memorial and museum and houses the PATH train station. The World Trade Center Transportation Hub isn’t just a way to get around—it’s a landmark and tourist destination. Its centerpiece, the Oculus, is a giant glass and steel structure designed by Spanish architect Santiago Calatrava.