Just this week, it was announced that 1 World Trade Center, the Durst Organization and Port Authority of New York and New Jersey owned skyscraper, has completed two new leases to Dazn Group and BounceX. Dazn Group, a UK based sports streaming service inked a 10-year deal to take over the entire 72nd and a portion of the 71st floor with asking rents for the space at $69 per square foot. BounceX is ditching Midtown and leased 79,118 square feet on the 74th and 75th floors. With millenials making up the majority of the workforce, large companies’ exodus of Midtown has become a common theme. New construction continues to do exceptionally well and is one of the key factors for creative tenants to attract and retain talent.
Dazn is a subsidiary of Perform Group and was founded in 2016. In May, they brought on ESPN’s John Skipper as the company’s executive chairman to spearhead the company’s expansion around the globe. The firm will be leaving its previous office space at 28 Liberty to relocate to one of downtown Manhattan’s hottest buildings for the tech and media industries.
BounceX was founded in 2012 and started in an incubator at 137 Varick Street. They currently occupy 31,000 square feet at the New York Times Building at 620 Eighth Avenue. BounceX rapidly expanded out of its space in Midtown and were pursuing a new headquarters that can accommodate their growth for the long term. Their new office will be more than double the size at 1 World Trade Center!