One World Trade Center thrives with diverse tenant roster

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.

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.